Waiver of Existing Events of Default. Subject to the other terms and conditions of this Agreement, the Lenders hereby waive the Existing Events of Default. The above shall not modify or affect the Loan Parties’ obligations to comply fully with the terms of the Credit Agreement or any other duty, term, condition or covenant contained in the Credit Agreement or any other Investment Document in the future. This waiver is limited solely to the Existing Events of Default, and nothing contained in this Agreement shall be deemed to constitute a waiver of any other rights or remedies the Administrative Agent or any Lender may have under the Credit Agreement or any other Investment Documents or under applicable Law.
Waiver of Existing Events of Default. Lender hereby agrees to waive each of the Existing Events of Default. This is a one-time waiver only. Should any Events of Default exist in the future that are similar in kind or character to the Existing Events of Default, such Events of Default are not waived by Lender and Lender reserves all of its rights and remedies with respect to such future Events of Default.
Waiver of Existing Events of Default. Upon the Effective Date, Agent and Lenders hereby waive the Existing Events of Default provided however that such waiver shall in no way constitute a waiver of any other Default or Event of Default which may have occurred, nor shall this waiver obligate Agents or Lenders to provide any further waiver of any other Default or Event of Default under the Credit Agreement (whether similar or dissimilar, including any further Default or Event of Default resulting from a failure to comply with Sections 6.5(a), 7.5 or 7.8 of the Loan Agreement). This waiver shall not preclude the future exercise of any right, power, or privilege available to Agents or Lenders whether under the Credit Agreement, the Other Documents or otherwise upon the occurrence of any Event of Default after the date hereof. In connection with such waiver, the Lenders hereby agree (i) to cease charging the Default Rate and (ii) to permit the Borrowers to request Eurodollar Rate Loans in accordance with terms of the Credit Agreement.
Waiver of Existing Events of Default. Subject to the terms and conditions contained herein, upon the effectiveness of this Amendment, Lender hereby waives the Existing Events of Default; provided, however that such waiver shall in no way constitute a waiver of any other Defaults or Events of Default which may have occurred but which are not specifically referenced as the Existing Events of Default, nor shall this waiver obligate Lender to provide any further waiver of any other Default or Event of Default (whether similar or dissimilar, including any further Default or Event of Default resulting from a failure to comply with the terms of the Loan Agreement). Other than in respect of the Existing Events of Default, this waiver shall not preclude the future exercise of any right, power, or privilege available to Lender whether under the Loan Agreement, the Other Documents or otherwise. Lender has not been advised by the Borrowers of the existence of, and is not otherwise aware of, any Defaults or Events of Default other than the Existing Events of Default, and the Borrowers have represented to Lender that no Default or Event of Default, other than the Existing Events of Default, has occurred and is continuing under any of the Loan Documents.
Waiver of Existing Events of Default. The Lenders hereby waive each of the Existing Events of Default. Such waiver by the Lenders shall constitute a waiver of only the Existing Events of Default and not a waiver of any future breach of any provision of the Loan Agreement or any other Loan Document.
Waiver of Existing Events of Default. In consideration of Borrowers’ execution and delivery of this Amendment and Borrowers’ agreements herein, Lenders and Administrative Agent hereby waive the Existing Events of Defaults through and as of the dates of such Existing Events of Default indicated on Annex A. The waiver set forth herein is strictly limited to the Existing Events of Defaults as of such dates and is not intended to constitute a waiver of any Event of Default which may exist or arise after the respective dates set forth in Annex A, including without limitation, any Events of Default of a similar nature which may occur or arise after the dates set forth in Annex A. Nothing contained in the foregoing waiver is intended to constitute or evidence a course of dealing at variance with the specific terms of the Loan Documents. For the avoidance of doubt, the Existing Events of Defaults shall be deemed waived as of the Fourth Amendment Closing Date, and Borrowers shall not be deemed to be in breach, default or violation of or under the Loan Agreement as of such date by reason of such Existing Events of Defaults.
Waiver of Existing Events of Default. 3.3.1 Upon the satisfaction, or waiver by Bank, in its sole discretion, of the conditions precedent set forth in Section 3.1, Bank waives the Existing Events of Default (the “Waived Defaults”).
3.3.2 The waiver of the Waived Defaults shall not operate as a waiver of any other Event of Default, now existing or occurring in the future, whether with respect to the Tangible Net Worth covenant or any other provisions of the Loan Documents. The foregoing waiver also shall not operate as a waiver of any right or remedy of Bank now existing or arising in the future with respect to any Event of Default not waived pursuant to Section 3.3.1.
3.3.3 Borrower represents and warrants to Bank that to the best of its knowledge the Waived Defaults are the only Events of Default that exist as of the Amended Facility Closing Date.
Waiver of Existing Events of Default. Subject to Section 6 of this Agreement, the 1989 Noteholders hereby waive the Current Events of Default.
Waiver of Existing Events of Default. Lender hereby waives the Existing Events of Default; provided that such waiver is expressly limited to the Existing Events of Default and shall not be deemed to be a waiver of any other Default Condition or Event of Default presently or hereafter existing.
Waiver of Existing Events of Default. Subject to the terms and conditions hereof, Collateral Agent and Required Lenders hereby waive the Existing Events of Default.
