Waiver of Designated Defaults. Effective as of, and subject to the occurrence of, the First Amendment Effective Date, and in reliance on the representations and warranties of the Company set forth in this Agreement and in the Credit Agreement, as amended hereby, the Administrative Agent, the Collateral Agent and the Lenders signatories hereto hereby waive each of the Designated Defaults. The foregoing waiver is not intended and shall not be deemed or construed to constitute a waiver of any other Default or Event of Default existing under the Credit Agreement or that hereafter may occur under the Credit Agreement, as amended, or to establish a custom or course of dealing among the Company, any other Credit Party, any Agent, the Lenders or any of them. Except as specifically set forth herein, the Agents and the Lenders hereby expressly reserve all of their rights and remedies under the Credit Agreement, as amended, the other Credit Documents and applicable law.
Waiver of Designated Defaults. Subject to satisfaction of the conditions set forth in Section 4 below, Requisite Lenders hereby waive the Designated Defaults.
Waiver of Designated Defaults. The Banks waive the Designated Defaults.
Waiver of Designated Defaults. GE Capital hereby agrees to waive ----------------------------- the Designated Defaults; provided that (a) this waiver shall be effective only with respect to the Designated Defaults and (b) shall not extend to any defaults subsequently occurring under the provisions of this Agreement, the Amended Promissory Note, the Amended Security Agreement, the Amended Lease, or the other Amended Operative Documents. Except as expressly set forth herein, nothing contained herein shall be construed in any manner to affect, impair, lessen, release, cancel, terminate or extinguish the indebtedness, liabilities or obligations of Transit Group or the Transit Group Subsidiaries under this Agreement or the Amended Operative Documents. GE Capital acknowledges and agrees that Transit Group and the Transit Group Subsidiaries may rely on this waiver in consummating financial accommodations on or after the date hereof.
Waiver of Designated Defaults. Subject to the satisfaction of the conditions precedent set forth in Section D, the Administrative Agent and Lenders hereby waive the Designated Defaults. The waiver contained in this Section B is a limited waiver and (i) shall only be relied upon and used for the specific purpose set forth herein, (ii) shall not constitute nor be deemed to constitute a waiver, except as otherwise expressly set forth herein, of (a) any Default or Event of Default or (b) any term or condition of the Credit Agreement and the other Credit Documents, (iii) shall not constitute nor be deemed to constitute a consent by any Agent or any Lender to anything other than the specific purpose set forth herein and (iv) shall not constitute a custom or course of dealing among the parties hereto.
Waiver of Designated Defaults. Subject to the provisions of Section 5 of this Amendment, the Administrative Agent and the Lenders hereby waive the Designated Defaults in effect on the date hereof. In no event shall the foregoing waiver be deemed to constitute a waiver of (i) any Default or Event of Default that may exist on the date of this Amendment (other than the Designated Defaults) or (ii) the Borrowers' respective obligations to comply with all of the terms and conditions of the Loan Agreement and the other Loan Documents from and after the date hereof. Notwithstanding any prior, temporary mutual disregard of the terms of any contracts between the parties, each Borrower hereby agrees that it shall be required strictly to comply with all of the terms of the Loan Agreement and the other Loan Documents on and after the date hereof.
Waiver of Designated Defaults. On the terms and subject to the conditions contained in this Agreement, each of the Administrative Agent and the Required Lenders hereby waive the Designated Defaults in existence on the date hereof; provided, that, if the After Acquired Collateral Actions are not completed on or prior to July 6, 2020, then the waiver of the After Acquired Collateral Defaults (but not the waiver of the Designated Events of Default) shall be void ab initio and a Default or Event of Default, as applicable, shall exist. In no event shall such waiver be deemed to constitute a waiver of (a) any Default or Event of Default other than the Designated Defaults in existence on the date hereof, or (b) any Loan Party’s obligation to comply with all the terms and conditions of the Credit Agreement and the other Loan Documents from and after the date hereof. This waiver shall be effective only in this specific instance and for the specific purpose for which it is given, and this waiver shall not entitle Loan Parties to any other or further waiver in any similar or other circumstances.
Waiver of Designated Defaults. Subject to the occurrence of the Effective Date (as defined below), the Lenders hereby waive the Designated Defaults; provided, however, that the foregoing waiver shall not be deemed to modify or affect the obligations of the Borrowers to comply with each and every other Obligation, covenant, duty, or agreement under the Credit Agreement and the other Credit Documents, in each case as amended, from and after the date hereof. This waiver is a one-time waiver and shall not be construed to be a waiver of or in any way obligate the Lenders to waive any other Default or Event of Default under the Credit Agreement and the other Credit Documents that may occur from and after the date hereof.
Waiver of Designated Defaults. Borrowers have requested that Agent and Lenders waive the Designated Defaults. Agent and PNC, as the sole Lender, hereby waive the Designated Defaults.
Waiver of Designated Defaults. Effective as of the date hereof, upon satisfaction of the conditions precedent set forth in Section 3 below, and in reliance upon the representations and warranties of each Credit Party set forth herein and in each of the Credit Documents, Lender hereby waives the Event of Defaults (the “Designated Defaults”) occurring under Section 8.1(b) of the Credit Agreement solely as a result of:
