Waiver of Financial Covenants. Notwithstanding anything to the contrary set forth in Section 10.7 [Financial Covenants] of the Indenture or any other section of the Operative Documents, the obligations of the Company with respect to the covenants and conditions set forth in Section 10.7(a) and 10.7(b) of the Indenture are hereby expressly waived for the period commencing on December 31, 2009, and continuing through December 31, 2011 (the “Waiver Period”). Upon expiration of the Waiver Period, the obligations of the Company with respect to such covenants and conditions shall be and thereafter remain in full force and effect.
Waiver of Financial Covenants. The Lenders hereby waive compliance by the Borrower with the financial covenants contained in Section 7.1 of the Credit Agreement for the period of four consecutive fiscal quarters of the Borrower ending June 30,1999, but only to the extent that the Borrower would have been in compliance with such covenants as amended by this Amendment.
Waiver of Financial Covenants. 4.1 Agent and Lender hereby waive any Defaults under the Loan Documents that occurred on or prior to the Effective Date.
Waiver of Financial Covenants. As of August 31, 1997, Lender hereby waives compliance with the covenants set forth in Sections 4.2(d) and 4.2(e)(i) and (ii) of the Loan Agreement until December 31, 1998. MHG hereby covenants that it shall comply with Sections 4.2(d) and 4.2(e)(i) and (ii) commencing February 28, 1999. This waiver applies only to Sections 4.2(d) and 4.2(e)(i) and (ii) of the Loan Agreement for the periods referenced above and does not otherwise modify or waive any other covenant or agreement contained in the Loan Agreement.
Waiver of Financial Covenants. Holders hereby waive compliance with Sections 7.11 (Minimum Consolidated Net Worth), 7.12 (Consolidated Interest Coverage Ratio), 7.13 (Consolidated Total Liabilities to Consolidated Net Worth), 7.14 (Consolidated Current Ratio), 7.15 (Consolidated Fixed Charge Coverage Ratio), and 7.16 (Consolidated EBITDA) of the Agreement for the fiscal year ended July 31, 1998, and the fiscal quarter ended October 31, 1998 (and any related defaults caused by financial covenant defaults under the Senior Credit Agreement for such periods).
Waiver of Financial Covenants. Obligors acknowledge that for the period ended September 30, 2009, they are in violation of the following covenants under the Loan Documents (the "Identified Defaults"):
Waiver of Financial Covenants. The Lender hereby waives any Default or Event of Default under Loan Agreement resulting solely from:
Waiver of Financial Covenants. In reliance upon the representations and warranties set forth in the preceding Section, the Lenders hereby waive compliance with the covenants set forth in Sections 7.12 through 7.14 of the Credit Agreement for the Fiscal Quarter ended September 30, 2007 only (together with any delay in the submission of the Borrower’s Compliance Certificate for such Fiscal Quarter). This is a one time waiver only, and the Borrower shall comply with such Sections, as amended hereby, as of December 31, 2007 and the last day of each subsequent Fiscal Quarter.
Waiver of Financial Covenants. The BANK agrees to waive compliance by the BORROWER with the financial covenants (“FINANCIAL COVENANTS”) set forth in Sections 10.1(h)(i) (Minimum Liquidity); 10.1(h)(ii) (Minimum Current Ratio); and 10.1(h)(iii) (Minimum Tangible Net Worth) for the period commencing on June 30, 2005 and ending on March 31, 2006. Commencing on April 1, 2006 and continuing thereafter, the BORROWER shall comply with each of the FINANCIAL COVENANTS, with the first subsequent test date of the FINANCIAL COVENANTS to begin on April 30, 2006.
Waiver of Financial Covenants. Bank hereby waives Borrower's existing default under the Loan Agreement by virtue of Borrower's failure to comply with Section(s) 6.9, 6.10 and 6.11 as of the quarter ended December 31,
