Waiver of Non-Compliance. Seller waives any claim of lack of authority or non-compliance with the laws of the State of Nevada by Buyer for its failure to file its Annual Report and pay its registration fees with the State of Nevada, and further waives any claim that Buyer lacks the authority to enter into this Agreement by virtue of Buyer's non-compliance with any other laws applicable to Buyer or Buyer's business or operations.
Waiver of Non-Compliance. Party A specifically acknowledges that Party A shall be responsible for all legal consequences resulting from any action that violates the current law and statutes that has been already taken or in existence prior to the execution of this Labor Contract. Party B shall not be held responsible for any legal consequences resulting from her failure to uncover or prevent such any action.
Waiver of Non-Compliance. Effective upon the satisfaction of the conditions set forth in Section 5 hereof, the Noteholder hereby irrevocably waives (a) non- compliance by the Company with any provision of Section 7 of the Existing Note Agreement for the period prior to the Amendment Effective Date and (b) any Default or Event of Default during such period resulting from any such failure of the Company to be in compliance with the provisions of Section 7 of the Existing Note Agreement.
Waiver of Non-Compliance. Lender hereby waives defaults with respect to the Obligations under the following provisions of the Financing Agreement for the period stated hereunder; provided, however, that this Section shall not be deemed to waive any defaults under the following provisions after the date of this Agreement or after the period stated, or any other defaults arising out of non-compliance by the Borrowers with the Financing Agreement, whether or not the events, facts or circumstances giving rise to such non-compliance existed on or prior to the date hereof:
Waiver of Non-Compliance. Borrower is in violation of the following financial covenants contained in the Credit Agreement for Borrower's fiscal quarter ended July 31, 1995: Section Covenant Required Actual 6.17 Tangible Net Worth $3,000,000 $2,538,000 6.18 Debt to Tangible Net Worth 3.30:1 4.38:1 6.19 Working Capital Ratio 0.85:1 0.80:1
Waiver of Non-Compliance. Borrower hereby acknowledges and agrees that as of December 31, 2002 the Borrower was in violation of the Minimum EBITDA Covenant contained in Section 16.6
Waiver of Non-Compliance. If a Party fails to comply with any term of this MOU, that Party may rely on a wavier of such failure by the other Party only if the other Party has provided a written waiver in accordance with the Notice provisions in section 9. Any waiver must refer to a specific failure to comply and shall not have the effect of waiving any subsequent failures to comply with any term of this MOU.
Waiver of Non-Compliance. In the absence of a separate express prior written consent, amendment or waiver executed by the KRS Partners, neither the acceptance of distributions by the KRS Partners nor the funding of any Capital Commitment will act as a consent, waiver or amendment of any breach of any of the terms, conditions or disclosures of this Agreement or the KRS Partners’ Subscription Agreements, irrespective of whether or not the Partners have knowledge of such breach.
Waiver of Non-Compliance. No delay or failure on the part of a party in requiring strict performance of, or enforcing any rights under, this Agreement shall operate as a waiver of the same. 8.4
Waiver of Non-Compliance
