Common use of Waiver of conditions precedent Clause in Contracts

Waiver of conditions precedent. The conditions specified in this clause 5 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part with or without conditions.

Appears in 31 contracts

Samples: Fifth Supplemental Agreement (Globus Maritime LTD), Fourth Supplemental Agreement (Globus Maritime LTD), Loan Agreement (Aegean Marine Petroleum Network Inc.)

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Waiver of conditions precedent. The conditions specified in this clause 5 are inserted solely for the benefit of the Bank Banks and the Agent and may be waived by the Bank Agent (acting on the instructions of the Majority Banks) in whole or in part with or without conditions.

Appears in 9 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Poseidon Containers Holdings Corp.), Fourth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Waiver of conditions precedent. The conditions specified in this clause 5 6 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part with or without conditions.

Appears in 6 contracts

Samples: Supplemental Agreement, Loan Agreement (Aegean Marine Petroleum Network Inc.), Eighth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Waiver of conditions precedent. The conditions specified in this clause 5 Clause 7 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part and with or without conditions.

Appears in 3 contracts

Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)

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Waiver of conditions precedent. The conditions specified in this clause 5 Clause 8 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part and with or without conditions.

Appears in 2 contracts

Samples: Loan Facility Agreement (Bookham, Inc.), Loan Facility Agreement (Bookham, Inc.)

Waiver of conditions precedent. The conditions specified precedent contained in this clause 5 Clause 5.1 are inserted solely for the sole benefit of the Bank and may be waived wholly or partly by the Bank at the Bank's sole discretion without in whole or in part any way affecting the rights of the Bank under this Agreement. Any waiver shall not prevent the Bank from insisting on compliance with or without conditionsany waived condition precedent at a later time.

Appears in 1 contract

Samples: Facilities Agreement

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