Common use of Waiver of Event of Default Clause in Contracts

Waiver of Event of Default. The Lender, at its sole and absolute discretion, may waive any Event of Default hereunder, prior to or after the event or events giving rise thereto, provided that such waiver may be effected only by written notice provided by the Lender to the Borrower to that effect (and subject further to Clause 13.3 below); it being understood and acknowledged, that if and so long as no notice of waiver of an Event of Default was so provided, such Event of Default shall be deemed as having occurred and in effect for all purposes hereunder.

Appears in 5 contracts

Samples: Share Purchase Agreement (WhiteSmoke, Inc.), Share Purchase Agreement (WhiteSmoke, Inc.), Loan Agreement (WhiteSmoke, Inc.)

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Waiver of Event of Default. The Lender, at its sole and absolute discretion, may waive any Event of Default hereunder, prior to or after the event or events giving rise thereto, provided that such waiver may be effected only by written notice provided by the Lender to the Borrower to that effect (and subject further to Clause 13.3 16.3 below); it being understood and acknowledged, that if and so long as no notice of waiver of an Event of Default was so provided, such Event of Default shall be deemed as having occurred and in effect for all purposes hereunder.

Appears in 3 contracts

Samples: Loan Agreement (Orphazyme a/S), Loan Agreement (Orphazyme a/S), Loan Agreement (ReWalk Robotics Ltd.)

Waiver of Event of Default. The Lender, at its sole and absolute discretion, may waive any Event of Default hereunder, prior to or after the event or events giving rise thereto, provided that such waiver may be effected only by written notice provided by the Lender to the Borrower to that effect (and subject further to Clause 13.3 β€Ž16.3 below); it being understood and acknowledged, that if and so long as no notice of waiver of an Event of Default was so provided, such Event of Default shall be deemed as having occurred and in effect for all purposes hereunder.

Appears in 2 contracts

Samples: Loan Agreement (PolyPid Ltd.), Loan Agreement (ReWalk Robotics Ltd.)

Waiver of Event of Default. The Lender, at its sole and absolute discretion, may waive any Event of Default hereunder, prior to or after the event or events giving rise thereto, provided that such waiver may be effected only by written notice provided by the Lender to the Borrower to that effect (and subject further to Clause 13.3 18.2 below); it being understood and acknowledged, that if and so long as no notice of waiver of an Event of Default was so provided, such Event of Default shall be deemed as having occurred and in effect for all purposes hereunder.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Albireo Pharma, Inc.)

Waiver of Event of Default. The Lender, at its sole and absolute discretion, may waive any Event of Default hereunder, prior to or after the event or events giving rise thereto, provided that PROVIDED THAT such waiver may be effected only by written notice provided by the Lender to the Borrower to that effect (and subject further to Clause 13.3 15.3 below); it being understood and acknowledged, that if and so long as no notice of waiver of an Event of Default was so provided, such Event of Default shall be deemed as having occurred and in effect for all purposes hereunder.

Appears in 2 contracts

Samples: Loan Agreement (MDxHealth SA), Loan Agreement (MDxHealth SA)

Waiver of Event of Default. The Lender, at its sole and absolute discretion, may waive any Event of Default hereunder, prior to or after the event or events giving rise thereto, provided that such waiver may be effected only by written notice provided by the Lender to the Borrower to that effect (and subject further to Clause 13.3 14.3 below); it being understood and acknowledged, that if and so long as no notice of waiver of an Event of Default was so provided, such Event of Default shall be deemed as having occurred and in effect for all purposes hereunder.

Appears in 1 contract

Samples: Loan Agreement (Horizon Pharma, Inc.)

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Waiver of Event of Default. The Lender, at its sole and absolute discretion, may waive any Event of Default hereunder, prior to or after the event or events giving rise thereto, provided that such waiver may be effected only by written notice provided by the Lender to each of the Borrower to that effect (and subject further to Clause 13.3 β€Ž15.3 below); it being understood and acknowledged, that if and so long as no notice of waiver of an Event of Default was so provided, such Event of Default shall be deemed as having occurred and in effect for all purposes hereunder.

Appears in 1 contract

Samples: Loan Agreement (Motus GI Holdings, Inc.)

Waiver of Event of Default. The Lender, at its sole and absolute discretion, may waive any Event of Default hereunder, prior to or after the event or events giving rise thereto, provided that such waiver may be effected only by written notice provided by the Lender to the Borrower to that effect (and subject further to Clause 13.3 16.3 below); and it being understood and acknowledged, that if and so long as no notice of waiver of an Event of Default was so provided, such Event of Default shall be deemed as having occurred and in effect for all purposes hereunderhereunder unless it has been remedied in accordance with Clause 9.2 above.

Appears in 1 contract

Samples: Loan Agreement (Nabriva Therapeutics AG)

Waiver of Event of Default. The Lender, at its sole and absolute discretion, may waive any Event of Default hereunder, prior to or after the event or events giving rise thereto, provided that such waiver may be effected only by written notice provided by the Lender to the Borrower to that effect (and subject further to Clause 13.3 0 below); it being understood and acknowledged, that if and so long as no notice of waiver of an Event of Default was so provided, such Event of Default shall be deemed as having occurred and in effect for all purposes hereunder.

Appears in 1 contract

Samples: Loan Agreement (BioLineRx Ltd.)

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