Common use of Waiver of Covenant Defaults Clause in Contracts

Waiver of Covenant Defaults. Bank hereby waives Borrower’s Existing Defaults under the Loan Agreement. Bank’s waiver of Borrower’s compliance of these covenants shall apply only to the foregoing periods. Accordingly, hereinafter, Borrower shall be in compliance with these covenants, as amended by this Amendment. Bank’s agreement to waive the above-described defaults (1) in no way shall be deemed an agreement by the Bank to waive Borrower’s compliance with the above-described covenants as of all other dates and (2) shall not limit or impair the Bank’s right to demand strict performance of these covenants as of all other dates and (3) shall not limit or impair the Bank’s right to demand strict performance of all other covenants as of any date.

Waiver of Covenant Defaults. Bank hereby waives Borrower’s Existing Defaults under the Loan AgreementAgreement as specified and defined in Recital C above. Bank’s waiver of Borrower’s compliance of these covenants shall apply only to the foregoing periods. Accordingly, hereinafter, Borrower shall be in compliance with these covenants, as amended by unless otherwise provided for in this Amendment. Bank’s agreement to waive the above-described defaults (1) in no way shall be deemed an agreement by the Bank to waive Borrower’s compliance with the above-described covenants as of all other dates and (2) shall not limit or impair the Bank’s right to demand strict performance of these covenants as of all other dates and (3) shall not limit or impair the Bank’s right to demand strict performance of all other covenants as of any date.

Waiver of Covenant Defaults. Bank hereby waives Borrower’s 's Existing Defaults under the Loan Agreement. Agreement Bank’s 's waiver of Borrower’s 's compliance of these covenants this covenant shall apply only to the foregoing periods. Accordingly, hereinafter, Borrower shall be in compliance with these covenants, as amended by this Amendment. covenant Bank’s 's agreement to waive the above-described defaults (1) in no way shall be deemed an agreement by the Bank to waive Borrower’s 's compliance with the above-described covenants covenant as of all other dates and (2) shall not limit or impair the Bank’s 's right to demand strict performance of these covenants this covenant as of all other dates and (3) shall not limit or impair the Bank’s 's right to demand strict performance of all other covenants as of any date.

Waiver of Covenant Defaults. Bank hereby waives Borrower’s Existing Defaults under the Loan and Security Agreement. Bank’s waiver of Borrower’s compliance of these covenants shall apply only to the foregoing periods. Accordingly, hereinafter, Borrower shall be in compliance with these covenants, as amended by this Amendment. Bank’s agreement to waive the above-described defaults Existing Defaults (1) in no way shall be deemed an agreement by the Bank to waive Borrower’s compliance with the above-described covenants as of all other dates and dates, (2) shall not limit or impair the Bank’s right to demand strict performance of these covenants as of all other dates dates, and (3) shall not limit or impair the Bank’s right to demand strict performance of all other covenants as of any date.

Waiver of Covenant Defaults. Bank hereby waives Borrower’s 's Existing Defaults under the Loan Agreement. Bank’s 's waiver of Borrower’s 's compliance of with these covenants shall apply only to the foregoing periodsExisting Defaults. Accordingly, hereinafter, Borrower shall be in compliance with these covenants, as amended by this Amendment. Bank’s 's agreement to waive the above-described defaults (1) in no way shall be deemed an agreement by the Bank to waive Borrower’s 's compliance with the above-described covenants as of all other dates and dates, (2) shall not limit or impair the Bank’s 's right to demand strict performance of these covenants covenants, in accordance with the terms of the Loan Agreement, as of all other dates and (3) shall not limit or impair the Bank’s 's right to demand strict performance performance, in accordance with the terms of the Loan Agreement, of all other covenants as of any date.

Waiver of Covenant Defaults. 1. Bank hereby waives Borrower’s Existing Defaults 's existing default under the Loan Agreement. Bank’s waiver Agreement by virtue of Borrower’s compliance of these covenants shall apply only 's failure to the foregoing periods. Accordingly, hereinafter, Borrower shall be in compliance maintain its primary depository and operating accounts with these covenantsBank as described under Section 6.6, as amended by this Amendmentherein. Bank’s 's agreement to waive the above-described defaults default (1) in no way shall be deemed an agreement by the Bank to waive Borrower’s 's compliance with the above-described covenants abovedescribed covenant as of all other dates and (2) shall not limit or impair the Bank’s 's right to demand strict performance of these covenants this covenant as of all other dates and (3) shall not limit or impair the Bank’s 's right to demand strict performance of all other covenants as of any date.

Waiver of Covenant Defaults. Bank hereby waives Borrower’s the Existing Defaults under the Loan and Security Agreement. Bank’s waiver of Borrower’s compliance of with these covenants shall apply only to the foregoing periods. Accordingly, hereinafter, Borrower shall be in compliance with these covenants, as amended by this Amendment. Bank’s agreement to waive the above-described defaults Existing Defaults (1) in no way shall be deemed an agreement by the Bank to waive Borrower’s compliance with the above-described covenants as of all other dates and dates, (2) shall not limit or impair the Bank’s right to demand strict performance of these covenants as of all other dates dates, and (3) shall not limit or impair the Bank’s right to demand strict performance of all other covenants as of any date.