Waiver of Section 6. 11(c) ------------------------- The undersigned Banks, constituting Majority Banks under the Credit Agreement, hereby waive compliance with the provisions of Section 6.11(c) of the Credit Agreement for the period commencing on August 31, 2000 to and including the date of this Amendment.
Waiver of Section 6. 7(g). Pursuant to Sections 10.02(a) and 10.02(b) of the Credit Agreement, effective as of the Effective Date (as defined below), the Lenders hereby waive (a) compliance by the Company with Section 6.07(g)(iv) of the Credit Agreement with respect, and only with respect, to the contribution of the capital stock of certain foreign subsidiaries of the Company described in Schedule 10.15 hereto (the "Contributed Subsidiaries") to be made by Albany International Holdings Two, Inc. to AI AG and AI GmbH in connection with the Transactions and (b) the application of the principal amount of such contribution to the basket in the proviso thereunder.
Waiver of Section 6. 10(c). The Lenders hereby waive any Default or Event of Default arising under Section 6.10(c) of the Credit Agreement solely as a result of the Borrower’s failure to be in compliance with the Minimum Fixed Charge Coverage Ratio for the period ending June 30, 2006; provided that the Waiver set forth in this Section 3(c) shall expire and be of no further force or effect on September 30, 2006.
Waiver of Section 6. 07 The parties hereof agree to waive the application of Section 6.07 of the Receivables Purchase Agreement solely for the purposes of permitting the repurchase by PDVSA Petróleo, S.A. from PDVSA Finance of Purchased Receivables in connection with and pursuant to the terms of the Offer to Purchase and Consent Solicitation.
Waiver of Section 6. 11(a). Lenders hereby waive the applicability of Section 6.11(a) as to, but only as to, the periods ended May 31, 2001, and June 30, 2001.
Waiver of Section 6. 1(A)(VII) The undersigned Banks, constituting Majority Banks under the Credit Agreement, hereby waive compliance with the provisions of Section 6.1(a)(vii) of the Credit Agreement to the extent, and only to the extent, that such provisions require Company to deliver the information described in Section 6.1(a)(vii) from the period commencing on the Closing Date to and including the date of this Amendment.
Waiver of Section 6. 11(A)(II) The undersigned Banks, constituting Majority Banks under the Credit Agreement, hereby waive compliance with the provisions of Section 6.11(a)(ii) of the Credit Agreement to the extent, and only to the extent, necessary to permit the sale of the Property located at 000 Xxxxxxxxx Xxx, Xxxxxxxxx, XX to be consummated on or prior to August 31, 2000 without causing Company to be required to deliver the documents described in Section 6.11(a)(ii) promptly following the date that is 90 days after the Closing Date; PROVIDED that, if the sale of such Property is not consummated on or prior to August 31, 2000, Company shall deliver the documents described in Section 6.11(a)(ii) on or prior to September 30, 2000.
Waiver of Section 6. 07. The Lenders hereby waive compliance by the Borrower and its Restricted Subsidiaries with the provisions of Section 6.07 of the Credit Agreement (other than the proviso contained therein) solely with respect to any sale, transfer or other disposition, during the period from the Third Amendment Effective Date through the earliest to occur of the Restructuring Date, August 1, 2002 and the date the Borrower shall have determined not to proceed with the transactions contemplated hereby and shall have so advised the Administrative Agent in writing, of the ICTC Assets, the Non-Core Assets or the Publishing Assets, PROVIDED, that the proceeds of such transactions are applied in the manner contemplated by the Restructuring and PROVIDED, FURTHER that the waivers contained in this subsection (i) shall be of no force and effect if any applicable Progress Condition has not been satisfied on a timely basis.
Waiver of Section 6. 09. The Lenders hereby waive compliance by the Borrower with the provisions of Section 6.09(b) of the Credit Agreement solely to the extent necessary to permit the Borrower to enter into agreements in connection with the Restructuring, PROVIDED, that nothing contained in this Section 2(j) shall permit the Borrower to consummate transactions under such agreements if the consummation of such transactions would otherwise violate the terms of Section 6.09(b) of the Credit Agreement (except to the extent waived under any provision of this Amendment).
Waiver of Section 6. 10. The Lenders hereby waive compliance by the Borrower with the provisions of Section 6.10 of the Credit Agreement solely to the extent necessary to permit the Borrower to enter into the FL Standby Purchase Agreement, the FL New Preferred Stock Purchase Agreement or any agreement, document or instrument entered into in connection with either such agreement, PROVIDED that nothing contained in the Section 2(k) shall permit the Borrower to consummate transactions under such agreements if the consummation of such transactions would otherwise violate the terms of Section 6.10 of the Credit Agreement (except to the extent waived under any provision of this Amendment).
