Common Contracts

3 similar Waiver of Default contracts by Advanced Nutraceuticals Inc/Tx, Forstmann & Co Inc, Intervisual Books Inc /Ca

WAIVER OF DEFAULT ----------------- December 26, 2001
Waiver of Default • December 28th, 2001 • Advanced Nutraceuticals Inc/Tx • Wholesale-drugs, proprietaries & druggists' sundries
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WAIVER OF DEFAULT -----------------
Waiver of Default • March 13th, 1996 • Forstmann & Co Inc • Textile mill products

Forstmann & Company, Inc. ("Borrower") and General Electric Capital Corporation ("GE Capital") are parties to that certain Amended and Restated Debtor-in-Possession Loan Agreement dated as of September 27, 1995 among Borrower, the Lenders named therein and GE Capital as Agent for the Lenders (as amended to date, the "Agreement"). Pursuant to Section 11.2 of the Agreement, GE Capital hereby waives the breach by Borrower of the negative covenant contained in Section 6.21 of the Agreement caused by Borrower's failure to achieve an EBITDA (as defined in the Agreement) of $3,000,000 or more with respect to the January/February 1996 time period. The waiver contained in this instrument shall be strictly construed and shall not apply to any other breach of Borrower's representations, warranties, covenants or agreements under the Agreement, whether now existing or hereafter arising.

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