THIS THIRD AMENDMENT TO SIXTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (the "Amendment"), dated as of July 5, 2000, is made by and among HALIFAX CORPORATION, a Virginia corporation (the "Company"), HALIFAX ENGINEERING, INC., a Virginia...Loan and Security Agreement • July 12th, 2000 • Halifax Corp • Services-computer programming, data processing, etc.
Notwithstanding anything to the contrary contained in the Loan Documents, the Lender waives its right to declare an Event of Default under the Loan Documents as a result of the Net Profit Covenant Default. The parties hereto acknowledge and agree that the foregoing sentence shall not constitute a waiver, either express or implied, of any other default, covenant, term or provision of the Loan Documents, nor shall it create any obligation of the Lender to waive any existing or future default or violation of any other covenant, term or provision of the Loan Documents. The parties hereto agree that Lender shall be entitled to require strict compliance by the Borrowers with the Loan Documents, notwithstanding the limited express waiver and amendment contained herein, and this waiver and amendment shall not be deemed to establish a course of action or a course of dealing with respect to requests by the Borrowers for a waiver or amendment of any default, covenant, term or provision of any Loa
WITNESSETH:Executive Severance Agreement • July 12th, 2000 • Halifax Corp • Services-computer programming, data processing, etc. • Virginia
