Common use of Waiver of Existing Event of Default Clause in Contracts

Waiver of Existing Event of Default. Subject to the terms and conditions hereof, Lenders hereby waive the Existing Event of Default; provided, however, that such waiver is limited to the Existing Event of Default and shall not be deemed to be a waiver of any other Event of Default whether presently existing or hereafter arising.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Fairfield Manufacturing Co Inc)

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Waiver of Existing Event of Default. Subject to the terms and conditions hereof, Lenders hereby waive the Existing Event of Default; provided, however, that such . Such waiver is limited to by Lenders shall constitute a waiver of only the Existing Event of Default and shall not be deemed to be constitute a waiver of any violation of Section 8 or Section 7.1 of the Credit Agreement other than the Existing Event of Default whether presently existing or hereafter arisingDefault.

Appears in 1 contract

Samples: Credit and Security Agreement (Seracare Life Sciences Inc)

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Waiver of Existing Event of Default. Subject to the terms and conditions hereof, The Lenders hereby waive the Existing Event of Default; provided, however, that such . Such waiver is limited to by the Lenders shall constitute a waiver of only the Existing Event of Default and shall not be deemed to be constitute a waiver of any other Event future breach of Default whether presently existing or hereafter arisingany provision of the Loan Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Channell Commercial Corp)

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