Common use of Waiver of Existing Default Clause in Contracts

Waiver of Existing Default. Bank hereby waives Borrower’s Existing Default under the Loan Agreement. Bank’s agreement to waive the Existing Default shall in no way obligate Bank to make any other modifications to the Loan Agreement or to waive Borrower’s compliance with any other terms of the Loan Documents, and shall not limit or impair Bank’s right to demand strict performance of all other terms and covenants as of any date. The waiver set forth above shall not be deemed or otherwise construed to constitute a waiver of any other provisions of the Loan Agreement in connection with any other transaction.

Waiver of Existing Default. Subject to the terms of this Amendment, Bank hereby waives Borrower’s the Existing Default under the Loan AgreementDefault. Bank’s 's agreement to waive the Existing Default shall in no way obligate Bank to make any other modifications to the Loan Agreement or to waive Borrower’s 's compliance with any other terms of the Loan Documents, and shall not limit or impair Bank’s 's right to demand strict performance of all other terms and covenants as of any date. The waiver set forth above in this Section 2 shall not be deemed or otherwise construed to constitute a waiver of any other provisions provision of this Amendment or the Loan Agreement in connection with any other transactionAgreement.