Common use of Waiver of Known Existing Defaults Clause in Contracts

Waiver of Known Existing Defaults. The Lender hereby waives enforcement of its rights against the Borrower arising from the Known Existing Defaults. 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 the Lender’s rights with respect to any other Defaults or Events of Default now existing or hereafter arising. Nothing contained in this Amendment nor any communications between the Borrower and the Lender shall be a waiver of any rights or remedies the Lender has or may have against the Borrower, except as specifically provided herein. Except as specifically provided herein, the Lender hereby reserves and preserves all of its rights and remedies against the Borrower under the Credit Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Credit and Security Agreement and Waiver (Gardenburger Inc), Credit and Security Agreement and Waiver (Gardenburger Inc)

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Waiver of Known Existing Defaults. The Lender hereby waives enforcement of its rights against the Borrower arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any failure of Borrower to comply fully with Sections 7.1, 9.6(a)(i), 9.6(a)(ii), 9.6(e) and 9.6(g), or any other provision, of the Loan Agreement (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 the Lender’s 's rights with respect to any other Defaults or Events of Default now existing or hereafter arising. Nothing contained in this Amendment nor any communications between the Borrower and the Lender shall be a waiver of any rights or remedies the Lender has or may have against the Borrower, except as specifically provided herein. Except as specifically provided herein, the Lender hereby reserves and preserves all of its rights and remedies against the Borrower under the Credit Loan Agreement and the other Loan DocumentsFinancing Agreements.

Appears in 2 contracts

Samples: Loan and Security Agreement and Waiver (Source Interlink Companies Inc), Loan and Security Agreement and Waiver (Source Interlink Companies Inc)

Waiver of Known Existing Defaults. The Lender Group hereby waives enforcement of its rights against the Borrower arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other failure of Borrower to comply fully with Section 3.2(b) of the Credit Agreement (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 the LenderLender Group’s rights with respect to any other Defaults or Events of Default now existing or hereafter arising. Nothing contained in this Amendment nor any communications between the Borrower and the Lender Group or Agent shall be a waiver of any rights or remedies the Lender Group has or may have against the Borrower, except as specifically provided herein. Except as specifically provided herein, the Lender hereby reserves and preserves all of its rights and remedies against the Borrower under the Credit Agreement and the other Loan Documents.provided

Appears in 1 contract

Samples: Credit Agreement (Infocus Corp)

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Waiver of Known Existing Defaults. The Lender hereby waives enforcement of its rights against the Borrower arising from the Known Existing Defaults; provided, however, nothing herein shall be deemed a waiver with respect to any other failure of the Borrower to comply fully with Section 6.12 and Section 6.13 of the Credit Agreement (as amended or modified 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 the Lender’s rights with respect to any other Defaults or Events of Default now existing or hereafter arising. Nothing contained in this Amendment nor any communications between the Borrower and the Lender shall be a waiver of any rights or remedies the Lender has or may have against the Borrower, except as specifically provided herein. Except as specifically provided herein, the Lender hereby reserves and preserves all of its rights and remedies against the Borrower under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit and Security Agreement and Waiver (Naturade Inc)

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