Waiver Under Credit Agreement. Subject to the satisfaction of the terms and conditions set forth herein, Agent and the Required Lenders hereby waive the Applicable Default; provided that the foregoing waiver shall be rescinded and no longer effective as of December 17, 2007 if the Borrowers fail to comply with the 2007 Audited Financial Statement Obligations (other than with respect to consolidating financial statements which shall no longer be required under Schedule 5.3 to the Credit Agreement) on or prior to December 17, 2007.
Waiver Under Credit Agreement. Effective as of May 15, ----------------------------- 1998 (the "Effective Date") and subject to the satisfaction of the conditions precedent set forth in Section 3 hereof, the Bank hereby waives, during the --------- period beginning on the Effective Date and ending on and including September 30, 1998 (the "Waiver Period"), any Default or Event of Default which would arise by reason of the Company's failure to comply with Section 6.14 (Cash Flow Ratio) of the Credit Agreement. At the end of the Waiver Period, if the Company is not in compliance with such Section pursuant to the terms thereof, a Default or Event or Default shall be deemed to exist unless, and except to the extent that, such Default or Event of Default is further waived or the same shall cease to exist by reason of an amendment to the applicable provisions of the Credit Agreement.
Waiver Under Credit Agreement. (a) Parent shall take all actions necessary to amend or otherwise obtain a waiver (the “Waiver”) under the Fifth Amended and Restated Credit Agreement, as amended, among Parent, Various Financial Institutions, Credit Suisse First Boston and the Bank of Nova Scotia, dated as of January 21, 2004 (the “Credit Agreement”), so that neither the Company nor the Surviving Corporation shall be required to become a Subsidiary Guarantor (as defined in the Credit Agreement), or otherwise incur or become subject to any Liability or guaranty requirement, under the Credit Agreement.
Waiver Under Credit Agreement. Effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 3 hereof, the Lenders hereby waive, during the period starting on and including May 1, 1995 to and including October 31, 1995 (the "Waiver Period"), the following Defaults (the "Specified Defaults"):
Waiver Under Credit Agreement. The Lenders party hereto hereby waive the Specified Event of Default.
Waiver Under Credit Agreement. Effective as of October 1, ----------------------------- 1998 (the "Effective Date") and subject to the satisfaction of the conditions precedent set forth in Section 3 hereof, the Bank hereby waives, during the --------- period beginning on the Effective Date and ending on and including November 15, 1998 (the "Waiver Period"), any Default or Event of Default which would arise by reason of the Company's failure to comply with Section 6.14 (Cash Flow Ratio) of the Credit Agreement. At the end of the Waiver Period, if the Company is not in compliance with such Section pursuant to the terms thereof, a Default or Event or Default shall be deemed to exist unless, and except to the extent that, such Default or Event of Default is further waived or the same shall cease to exist by reason of an amendment to the applicable provisions of the Credit Agreement.
Waiver Under Credit Agreement. The Banks hereby waive the default under Section 5.11 of the Credit Agreement that would otherwise be caused by any failure to satisfy the ratio required to be maintained for the Fiscal Quarter ending September 30, 1998.
Waiver Under Credit Agreement. Subject to the satisfaction of the terms and conditions set forth herein, Agent and the Required Lenders hereby waive the Applicable Default.
Waiver Under Credit Agreement. Effective as of the date first ---------- ----------------------------- set forth above and subject to satisfaction of the conditions precedent set forth in Section 3, the Lenders hereby waive the requirements of Sections 6.6, 6.7 and 6.9 of the Credit Agreement to the extent required to permit the 1999 Share Repurchase (as defined in Section 1(b)).
Waiver Under Credit Agreement. (a) The Borrowers have informed the Agents and the Lenders that the Borrowers have committed to close the retail locations identified on Schedule C attached hereto (collectively, the “Retail Locations”) in 2011 and, accordingly, such commitment to close the Retail Locations constitutes an Event of Default under Section 11.1(c) of the Credit Agreement as a result of the breach of Section 10.2.16 of the Credit Agreement and an Event of Default under Section 11.1(m) of the Credit Agreement as a result of the corresponding events of default arising under the Term Loan Documents (collectively, the “Specified Defaults”). The Borrowers have requested that the Agents and the Required Lenders (i) consent to the closing of the Retail Locations, notwithstanding the limitations on the number of retail locations that may be closed in any calendar year under Section 10.2.16 of the Credit Agreement, and (ii) waive the Specified Defaults.
