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

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. Lender Agent and Lenders hereby agrees agree 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 Agent or Lenders and Lender reserves Agent and Lenders reserve all of its their rights and remedies with respect to such future Events of Default.