CONDITIONAL WAIVER AGREEMENT REGARDING EVENT OF DEFAULTConditional Waiver Agreement • February 4th, 2009 • Firstcity Financial Corp • Short-term business credit institutions • New York
THIS CONDITIONAL WAIVER AGREEMENT REGARDING EVENT OF DEFAULT (this “Conditional Waiver”) is entered into as of December 31, 2008, by and between AMERICAN BUSINESS LENDING, INC., a Texas corporation (“Borrower”), and WELLS FARGO FOOTHILL, LLC, a Delaware limited liability company (“Lender”), with reference to the following facts, which shall be construed as part of this Conditional Waiver:
