Waiver of Section 7 Sample Clauses

Waiver of Section 7. 1(d). The Lenders hereby waive any Default or Event of Default arising under Section 7.1(d) of the Credit Agreement solely as a result of the Borrower’s failure to be in compliance with the Consolidated Fixed Charge Coverage Ratio for the period ending June 30, 2006; provided that the Waiver set forth in this Section 2(d) shall expire and be of no further force or effect on September 15, 2006.
Sample 1See All (4)
AutoNDA by SimpleDocs
Waiver of Section 7. 2.4(a). The Required Lenders hereby waive the requirement in Section 7.2.4(a) of the Credit Agreement that the Borrower maintain a Total Leverage Ratio of not more than 3.5 to 1.0 for each of the Fiscal Quarters ending June 30, 2014 and September 30, 2014, upon the express condition that the Borrower maintain a Total Leverage Ratio of not more than 4.25 to 1.00 for each of the Fiscal Quarters ending June 30, 2014 and September 30, 2014. The Required Lenders further hereby waive (i) any Default or Event of Default under Section 8.1.3 of Credit Agreement as a result of the Borrower’s failure to maintain a Total Leverage Ratio of not more than 3.5 to 1.0 for each of the Fiscal Quarters ending June 30, 2014 and September 30, 2014, and (ii) any Default or Event of Default under Section 8.1.2 as a result of any representation with respect to Section 7.2.4(a) made after June 30, 2014, but before the Effective Date. The foregoing is not a waiver of any other provisions of the Credit Agreement other than Sections 7.2.4(a), 8.1.2 and 8.1.3 of the Credit Agreement and only a waiver of Sections 7.2.4(a), 8.1.2 and 8.1.3 of the Credit Agreement in respect of the failure of the Borrower to maintain a Total Leverage Ratio of not more than 3.5 to 1.0 for each of the Fiscal Quarters ending June 30, 2014 and September 30, 2014. The waiver in respect of the requirement to maintain a total Leverage Ratio of not more than 3.5 to 1.0 shall not extend for compliance purposes to any period beyond October 21, 2014.
Sample 1Sample 2
Waiver of Section 7. 8. Section 7.8 of the Credit Agreement prohibits amendments or other modifications to the Specified Debt Incurrence Terms contained in the ESH Revolving Credit Agreement, the ESH Permitted Mezzanine Prepayment Indebtedness Loan Documents and the ESH Incremental Loan Documents (the “Debt Incurrence Amendment Prohibitions”). The Lenders hereby waive the Debt Incurrence Amendment Prohibitions solely to permit the ESH Parties to amend the Specified Debt Incurrence Terms contained in the ESH Revolving Credit Agreement, the ESH Permitted Mezzanine Prepayment Indebtedness Loan Documents and the ESH Incremental Loan Documents to permit the incurrence of the Senior Unsecured Notes by ESH REIT.
Sample 1
Waiver of Section 7. 9(c) of the Credit Agreement. The Required Lenders hereby waive (a) compliance with Section 7.9(c) of the Credit Agreement for the period of four fiscal quarters ending December 31, 2000 and (b) any Defaults or Events of Default arising under Section 8(c) of the Credit Agreement from such non-compliance, provided, in each case that Consolidated EBITDA for such period shall be no less than $22,500,000.
Sample 1
Waiver of Section 7. Subject to the satisfaction of the conditions set forth in Section 5 hereof (except as expressly provided therein), the requisite Lenders hereby waive Section 7.9 of the Credit Agreement to the limited extent necessary to permit the payment of contingent interest on the MDP Notes, the PMI Note Purchase Agreement Amendment and the MDP Note Purchase Agreement Amendment, each on terms and conditions and pursuant to documentation satisfactory to the Administrative Agent.
Sample 1
Waiver of Section 7. (a) The Administrative Agent and the Lenders hereby waive effective January 12, 2001 compliance with Section 7.1(a) of the Credit Agreement for the period of four consecutive fiscal quarters of the Borrower ending with the fiscal quarter ended September 30, 2000; provided that this waiver is conditioned on the Borrower's Minimum Consolidated EBITDA being not less than $17,050,000 for such period of four consecutive fiscal quarters. (b) The Administrative Agent and the Lenders hereby waive effective January 12, 2001 compliance with Section 7.1(b) of the Credit Agreement for the period of four consecutive fiscal quarters of the Borrower ending with the fiscal quarter ended September 30, 2000; provided that this waiver is conditioned on the Borrower's Consolidated Total Debt Ratio not exceeding 8.00 to 1.00 for such period of four consecutive fiscal quarters. (c) The Administrative Agent and the Lenders hereby waive effective January 12, 2001 compliance with Section 7.1(c) of the Credit Agreement for the period of four consecutive fiscal quarters of the Borrower ending with the fiscal quarter ended September 30, 2000; provided that this waiver is conditioned on the Borrower's Consolidated Interest Coverage Ratio being not less than 1.25 to 1.00 for such period of four consecutive fiscal quarters.
Sample 1
Waiver of Section 7. 1. The Required Lenders hereby waive --------------------- compliance by the Borrower with each of the financial condition covenants contained in Section 7.1 of the Credit Agreement for the Reference Period ending March 31, 1999.
Sample 1
AutoNDA by SimpleDocs
Waiver of Section 7. 12. Compliance by the Credit Parties with Section 7.12 of the Credit Agreement is waived as to the periods ending on or before October 3, 1998.
Sample 1

Related to Waiver of Section 7

  • Amendment of Section 7 2.10(f). Clause (iii) of Section 7.2.10(f) of the Credit Agreement is hereby amended and restated in its entirety to the following:

  • Amendment of Section 10 1. Section 10.1 of the Note Agreement is amended to read in its entirety as follows:

  • Amendment of Section 6 14. Section 6.14 of the Credit Agreement is amended to read as follows:

  • Amendment of Section 9 05. In respect of the 2018 Notes only, the provisions of Section 9.05 of the Indenture are amended by deleting the text of such Section in its entirety and inserting in lieu thereof the phrase “[intentionally omitted]”. Such provisions shall be deemed not to have been deleted in respect of the 2021 Notes.

  • Amendment of Section 8 15(b). Section 8.15(b) of the Existing Credit Agreement is hereby amended in its entirety to read as follows:

  • Amendment of Section 9.2. Section 9.2 of the Credit Agreement is hereby amended to read in its entirety as follows:

  • Amendment of Section 4 4. Pursuant to Section 9.2 of the Indenture, Section 4.4(b) of the Indenture is hereby amended and restated in its entirety to read as follows:

  • Amendment of Section 3 Section 3 of the Employment Agreement is hereby deleted in its entirety and replaced with the following: Term. Unless otherwise terminated in accordance with Sections 8, 9, 10 or 11, the Employment Term shall be for a term ending April 30, 2015. This Agreement shall be automatically renewed for successive additional Employment Terms of one (1) year each unless notice of termination is given in writing by either party to the other party at least thirty (30) days prior to the expiration of the initial Employment Term or any renewal Employment Term.

  • Amendment of Section 5 02. The third paragraph following Section 5.02(a)(vi) is hereby replaced in its entirety with the following: On each Distribution Date, the Trustee, subject to Section 5.01, shall distribute to the Holders of the Class SES Certificates, any Ancillary Income, which shall be treated as paid outside the Lower-Tier REMIC and the Upper-Tier REMIC.

  • Amendment of Section 1.1 Section 1.1 of the Credit Agreement is hereby amended by inserting the following new definitions in the appropriate locations according to alphabetical order, or by amending and restating existing definitions to read as indicated, as applicable:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!