Common use of WAIVER OF CERTAIN PROVISIONS OF THE CREDIT AGREEMENT Clause in Contracts

WAIVER OF CERTAIN PROVISIONS OF THE CREDIT AGREEMENT. On the date on which the offer made by CEMEX Australia Pty Ltd., a proprietary limited company organized under the laws of Victoria, Australia (“Cemex Australia”) (as evidenced by the announcement made by the Borrower on October 27, 2006) to acquire the issued and outstanding shares of the Xxxxxx Group Limited, a public limited company organized under the laws of the New South Wales, Australia, not previously owned by CEMEX Australia (as such offer may be amended, supplemented, revised, renewed, waived or otherwise modified from time to time) becomes, or is declared to be, unconditional in all respects (the “Waiver Effective Date”), the Required Lenders agree to waive compliance by the Borrower of the Credit Agreement to the extent set forth in this Article III. Except as expressly so waived, the Credit Agreement shall continue in full force and effect in accordance with its terms.

Appears in 1 contract

Samples: Amendment and Waiver Agreement (Cemex Sa De Cv)

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WAIVER OF CERTAIN PROVISIONS OF THE CREDIT AGREEMENT. On the date on which the offer made by CEMEX Australia Pty Ltd., a proprietary limited company organized under the laws of Victoria, Australia (“Cemex Australia”) (as evidenced by the announcement made by the Borrower on October 27, 2006) to acquire the issued and outstanding shares of the Xxxxxx Rxxxxx Group Limited, a public limited company organized under the laws of the New South Wales, Australia, not previously owned by CEMEX Australia (as such offer may be amended, supplemented, revised, renewed, waived or otherwise modified from time to time) becomes, or is declared to be, unconditional in all respects (the “Waiver Effective Date”), the Required Lenders agree to waive compliance by the Borrower of the Credit Agreement to the extent set forth in this Article III. Except as expressly so waived, the Credit Agreement shall continue in full force and effect in accordance with its terms.

Appears in 1 contract

Samples: Amendment and Waiver Agreement (Cemex Sa De Cv)

WAIVER OF CERTAIN PROVISIONS OF THE CREDIT AGREEMENT. On the date on which the offer made by CEMEX Australia Pty Ltd., a proprietary limited company organized under the laws of Victoria, Australia (“Cemex Australia”) (as evidenced by the announcement made by the Borrower on October 27, 2006) to acquire the issued and outstanding shares of the Xxxxxx Rxxxxx Group Limited, a public limited company organized under the laws of the New South Wales, Australia, Australia not previously owned by CEMEX Cemex Australia (as such offer may be amended, supplemented, revised, renewed, waived or otherwise modified from time to time) becomes, or is declared to be, unconditional in all respects (the “Waiver Effective Date”), the Required Lenders agree to waive compliance by the Borrower of the Credit Agreement to the extent set forth in this Article III. Except as expressly so waived, the Credit Agreement shall continue in full force and effect in accordance with its terms.

Appears in 1 contract

Samples: Amendment and Waiver Agreement (Cemex Sa De Cv)

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WAIVER OF CERTAIN PROVISIONS OF THE CREDIT AGREEMENT. On the date on which the offer made by CEMEX Australia Pty Ltd., a proprietary limited company organized under the laws of Victoria, Australia (Cemex Australia”) (as evidenced by the announcement made by the Borrower on October 27, 2006) to acquire the issued and outstanding shares of the Xxxxxx Group Limited, a public limited company organized under the laws of the New South Wales, Australia, Australia not previously owned by CEMEX Cemex Australia (as such offer may be amended, supplemented, revised, renewed, waived or otherwise modified from time to time) becomes, or is declared to be, unconditional in all respects (the “Waiver Effective Date”), the Required Lenders agree to waive compliance by the Borrower of the Credit Agreement to the extent set forth in this Article III. Except as expressly so waived, the Credit Agreement shall continue in full force and effect in accordance with its terms.

Appears in 1 contract

Samples: Amendment and Waiver Agreement (Cemex Sa De Cv)

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