Common use of Waiver of Section 7 Clause in Contracts

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.

Appears in 1 contract

Samples: Credit Agreement (Rotech Healthcare Inc)

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Waiver of Section 7. 1(d1(c). The Lenders hereby waive any Default or Event of Default arising under Section 7.1(d7.1(c) of the Credit Agreement solely as a result of the Borrower’s failure to be in compliance with the Consolidated Fixed Charge Interest Coverage Ratio for the period ending on June 30, 2006; provided that the Waiver set forth in this Section 2(d2(c) shall expire and be of no further force or effect on September 15, 2006.

Appears in 1 contract

Samples: Credit Agreement (Rotech Healthcare Inc)

Waiver of Section 7. 1(d1(b). The Lenders hereby waive any Default or Event of Default arising under Section 7.1(d7.1(b) of the Credit Agreement solely as a result of the Borrower’s failure to be in compliance with the Consolidated Fixed Charge Coverage Senior Leverage Ratio for the period ending on June 30, 2006; provided that the Waiver set forth in this Section 2(d2(b) shall expire and be of no further force or effect on September 15, 2006.

Appears in 1 contract

Samples: Credit Agreement (Rotech Healthcare Inc)

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Waiver of Section 7. 1(d1(a). The Lenders hereby waive any Default or Event of Default arising under Section 7.1(d7.1(a) of the Credit Agreement solely as a result of the Borrower’s failure to be in compliance with the Consolidated Fixed Charge Coverage Total Leverage Ratio for the period ending on June 30, 2006; provided that the Waiver set forth in this Section 2(d2(a) shall expire and be of no further force or effect on September 15, 2006.

Appears in 1 contract

Samples: Credit Agreement (Rotech Healthcare Inc)

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