Common use of Written Waivers Clause in Contracts

Written Waivers. If a Default or an Event of Default is waived by the Required Lenders, in their sole discretion, pursuant to a specific written instrument executed by authorized officers of Required Lenders (or Agent with the written consent of Required Lenders), the Default or Event of Default so waived shall be deemed to have never occurred.

Appears in 1 contract

Samples: Loan Agreement (Procaccianti Hotel Reit, Inc.)

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Written Waivers. If a Default or an Event of Default is waived by the Required LendersMajority Lenders or the Agent, in their sole discretion, pursuant to a specific written instrument executed by an authorized officers officer of Required Lenders (or Agent with the written consent of Required Lenders)Agent, the Default or Event of Default so waived shall be deemed to have never occurred.

Appears in 1 contract

Samples: Loan Agreement (STAG Industrial, Inc.)

Written Waivers. If a Default or an Event of Default is waived by the Required Lenders, in accordance with the applicable provisions of this Loan Agreement, their sole discretion, pursuant to a specific written instrument executed by an authorized officers officer of Required Lenders (or Agent with the written consent of Required Lenders)Agent, the Default or Event of Default so waived shall be deemed to have never occurred.

Appears in 1 contract

Samples: Credit and Security Agreement (Charter Municipal Mortgage Acceptance Co)

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Written Waivers. If a Default or an Event of Default is waived by Required Lenders or Agent (unless such waiver by Agent alone is inconsistent with other provisions of the Loan Documents requiring consent by Required Lenders), in their or its sole discretion, pursuant to a specific written instrument executed by an authorized officers officer of Required Lenders (or Agent with the written consent of Required Lenders)Agent, the Default or Event of Default so waived shall be deemed to have never occurred.

Appears in 1 contract

Samples: Revolving Credit Agreement (TNP Strategic Retail Trust, Inc.)

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