Common use of Waiver of Known Existing Defaults Clause in Contracts

Waiver of Known Existing Defaults. Agent and the Lenders hereby waive the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other or future failure of the Loan Parties to comply fully with Section 7(l) of the Guaranty and Security Agreement or Section 5.11 of the Credit Agreement. This waiver shall be effective only for the specific defaults comprising the Known Existing Defaults, and in no event shall this waiver be deemed to be a waiver of Agent's or any Lender's rights with respect to any other Defaults or Events of Default now existing or hereafter arising, whether known or unknown. Nothing contained in this Amendment nor any communications between any Loan Party and Agent or any Lender shall be a waiver of any rights or remedies Agent or any Lender has or may have against any Loan Party, except as specifically provided herein. Except as specifically provided herein, each of Agent and each Lender hereby reserves and preserves all of its rights and remedies against each Loan Party under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (AerSale Corp)

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Waiver of Known Existing Defaults. Agent Agent, on behalf of the Lenders, hereby waives enforcement of its and the Lenders hereby waive Lender Group’s rights against Borrower arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other or future failure of the Loan Parties Borrower to comply fully with Section 7(lSections 5.3 and 6.16(a)(i) of the Guaranty and Security Credit Agreement (as amended or Section 5.11 of the Credit Agreementmodified by this Amendment). This waiver shall be effective only for the specific defaults comprising the Known Existing Defaults, and in no event shall this waiver be deemed to be a waiver of enforcement of Agent's ’s or any Lender's other member of the Lender Group’s rights with respect to any other Defaults or Events of Default now existing or hereafter arising, whether known or unknown. Nothing contained in this Amendment nor any communications between any Loan Party Borrower and Agent or any other member of the Lender Group shall be a waiver of any rights or remedies Agent or any Lender has such Persons have or may have against any Loan PartyBorrower, except as specifically provided herein. Except as specifically provided herein, each of Agent and each Lender hereby reserves and preserves all of its and the Lender Group’s rights and remedies against each Loan Party Borrower under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Infocus Corp)

Waiver of Known Existing Defaults. Agent and the Lenders hereby waive enforcement of their rights and remedies arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other or future failure of the Loan Parties to comply fully with Section 7(lSections 6.3(a) and (c) and 9.17.2 of the Guaranty and Security Loan Agreement (as amended or Section 5.11 of modified by this Amendment) at any time hereafter or with respect to any period ending after the Credit Agreementdate hereof. This waiver shall be effective only for the specific defaults comprising the Known Existing Defaults, and in no event shall this waiver be deemed to be a waiver of Agent's ’s or any Lender's ’s rights and remedies with respect to any other Defaults or Events of Default now existing or hereafter arising, whether known or unknown. Nothing contained in this Amendment nor any communications between any Loan Party Borrower or Parent and Agent or any Lender shall be a waiver of any rights or remedies Agent or any Lender has and Lenders have or may have against any Loan Partyhave, except as specifically provided herein. Except as specifically provided herein, each of Agent and each Lender Lenders hereby reserves reserve and preserves preserve all of its their rights and remedies against each Loan Party under the Credit Loan Agreement and the other Loan DocumentsFinancing Agreements.

Appears in 1 contract

Samples: Loan and Security Agreement and Waiver (Commerce Energy Group, Inc.)

Waiver of Known Existing Defaults. Agent and the Lenders hereby waive enforcement of their rights against Borrowers arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other or future failure of the Loan Parties Borrowers to comply fully with Section 7(l6.16(a) of the Guaranty and Security Agreement or Section 5.11 6.16(b) of the Credit Agreement. This waiver shall be effective only for the specific defaults comprising the Known Existing Defaults, and in no event shall this waiver be deemed to be a waiver of enforcement of Agent's ’s or any Lender's ’s rights with respect to any other Defaults or Events of Default now existing or hereafter arising, whether known or unknown. Nothing contained in this Amendment nor any communications between any Loan Party Borrower and Agent or any Borrower and any Lender shall be a waiver of any rights or remedies Agent or any Lender has or may have against any Loan PartyBorrower, except as specifically provided herein. Except as specifically provided herein, each of Agent and each Lender hereby reserves and preserves all of its and the Lenders’ rights and remedies against each Loan Party Borrower under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement and Waiver (Youbet Com Inc)

Waiver of Known Existing Defaults. Agent and the Lenders hereby waive enforcement of their rights against Borrower arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other or future failure of the Loan Parties Borrower to comply fully with Section 7(lSections 3.2(a) of the Guaranty and Security Agreement or Section 5.11 5.3 of the Credit AgreementAgreement (as amended or modified by this Amendment). This waiver shall be effective only for the specific defaults comprising the Known Know Existing Defaults, and in no event shall this waiver be deemed to be a waiver of enforcement of Agent's ’s or any Lender's other member of the Lender Group’s rights with respect to any other Defaults or Events of Default now existing or hereafter arising, whether known or unknown. Nothing contained in this Amendment nor any communications between any Loan Party Borrower and Agent or any other member of the Lender Group shall be a waiver of any rights or remedies Agent or any the Lender Group has or may have against any Loan PartyBorrower, except as specifically provided herein. Except as specifically provided herein, each of Agent and each the Lender Group hereby reserves reserve and preserves preserve all of its their rights and remedies against each Loan Party Borrower under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Lexar Media Inc)

Waiver of Known Existing Defaults. Agent and the Lenders hereby waive enforcement of the Lender Group’s rights against Borrowers arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other or future failure of the Loan Parties any Borrower to comply fully with Section 7(l) of the Guaranty and Security Agreement or Section 5.11 6.16 of the Credit AgreementAgreement (as amended hereby). This waiver shall be effective only for the specific defaults comprising the Known Existing Defaults, and in no event shall this waiver be deemed to be a waiver of Agent's or enforcement of any Lender's of the Lender Group’s rights with respect to any other Defaults or Events of Default now existing or hereafter arising, whether known or unknown. Nothing contained in this Amendment nor any communications between any Loan Party Borrower and Agent or any member of the Lender Group shall be a waiver of any rights or remedies Agent or any the Lender Group has or may have against any Loan PartyBorrower, except as specifically provided herein. Except as specifically provided herein, each member of Agent and each the Lender Group hereby reserves and preserves all of its rights and remedies against each Loan Party Borrower under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement and Waiver (Magnetek, Inc.)

Waiver of Known Existing Defaults. Agent Agent, on behalf of the Lenders, hereby waives enforcement of its and the Lenders hereby waive Lender Group’s rights against Borrower arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other or future failure of the Loan Parties Borrower to comply fully with Section 7(l6.16(a)(i) of the Guaranty and Security Credit Agreement (as amended or modified by this Amendment) or Section 5.11 7.9 of the Credit Agreement. This waiver shall be effective only for the specific defaults default comprising the Known Existing Defaults, and in no event shall this waiver be deemed to be a waiver of enforcement of Agent's ’s or any Lender's other member of the Lender Group’s rights with respect to any other Defaults or Events of Default now existing or hereafter arising, whether known or unknown. Nothing contained in this Amendment nor any communications between any Loan Party Borrower and Agent or any other member of the Lender Group shall be a waiver of any rights or remedies Agent or any Lender has such Persons have or may have against any Loan PartyBorrower, except as specifically provided herein. Except as specifically provided herein, each of Agent and each Lender hereby reserves and preserves all of its and the Lender Group’s rights and remedies against each Loan Party Borrower under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement and Waiver (Infocus Corp)

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Waiver of Known Existing Defaults. Agent Agent, on behalf of the Lenders, hereby waives enforcement of its and the Lenders hereby waive Lender Group’s rights against Borrower arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other or future failure of the Loan Parties Borrower to comply fully with Section 7(lSections 5.3 or 6.16(a)(i) of the Guaranty and Security Credit Agreement (as amended or Section 5.11 of the Credit Agreementmodified by this Amendment). This waiver shall be effective only for the specific defaults comprising the Known Existing Defaults, and in no event shall this waiver be deemed to be a waiver of enforcement of Agent's ’s or any Lender's other member of the Lender Group’s rights with respect to any other Defaults or Events of Default now existing or hereafter arising, whether known or unknown. Nothing contained in this Amendment nor any communications between any Loan Party Borrower and Agent or any other member of the Lender Group shall be a waiver of any rights or remedies Agent or any Lender has such Persons have or may have against any Loan PartyBorrower, except as specifically provided herein. Except as specifically provided herein, each of Agent and each Lender hereby reserves and preserves all of its and the Lender Group’s rights and remedies against each Loan Party Borrower under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement and Waiver (Infocus Corp)

Waiver of Known Existing Defaults. Agent and the Lenders hereby waive enforcement of the Lender Group’s rights against Borrowers arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other or future failure of the Loan Parties any Borrower to comply fully with Section 7(l) of the Guaranty and Security Agreement or Section 5.11 5.24 of the Credit Agreement. This waiver shall be effective only for the specific defaults comprising the Known Know Existing Defaults, and in no event shall this waiver be deemed to be a waiver of Agent's or enforcement of any Lender's of the Lender Group’s rights with respect to any other Defaults or Events of Default now existing or hereafter arising, whether known or unknown. Nothing contained in this Amendment nor any communications between any Loan Party Borrower and Agent or any member of the Lender Group shall be a waiver of any rights or remedies Agent or any the Lender Group has or may have against any Loan PartyBorrower, except as specifically provided herein. Except as specifically provided herein, each member of Agent and each the Lender Group hereby reserves and preserves all of its rights and remedies against each Loan Party Borrower under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement and Waiver (Magnetek Inc)

Waiver of Known Existing Defaults. Agent and the Lenders hereby waive enforcement of their rights and remedies arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other or future failure of the Loan Parties to comply fully with Section 7(l) Sections 9.17 and 9.17.2 of the Guaranty and Security Loan Agreement (as amended or Section 5.11 of modified by this Amendment) at any time hereafter or with respect to any period ending after the Credit Agreementdate hereof. This waiver shall be effective only for the specific defaults comprising the Known Existing Defaults, and in no event shall this waiver be deemed to be a waiver of Agent's ’s or any Lender's ’s rights and remedies with respect to any other Defaults or Events of Default now existing or hereafter arising, whether known or unknown. Nothing contained in this Amendment nor any communications between any Loan Party Borrower or Parent and Agent or any Lender shall be a waiver of any rights or remedies Agent or any Lender has and Lenders have or may have against any Loan Partyhave, except as specifically provided herein. Except as specifically provided herein, each of Agent and each Lender Lenders hereby reserves reserve and preserves preserve all of its their rights and remedies against each Loan Party under the Credit Loan Agreement and the other Loan DocumentsFinancing Agreements.

Appears in 1 contract

Samples: Loan and Security Agreement and Waiver (Commerce Energy Group, Inc.)

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