Examples of Specified Violation in a sentence
The limited waiver contained in this Section 2 is limited to the Specified Violation and to the period prior to the Eighth Amendment Effective Date, and nothing contained herein shall be deemed a consent to, or waiver of, any other action or inaction of Borrower or the other Credit Parties which constitutes (or would constitute) a violation of any provision of the Credit Agreement or any other Loan Paper.
In reliance on the representations, warranties, covenants and agreements contained in this Eighth Amendment, and subject to the terms and conditions set forth in this Section 2 and the satisfaction of the conditions precedent set forth in Section 3 hereof, Banks hereby waive the Specified Violation for the period prior to the Eighth Amendment Effective Date.
In reliance on the representations, warranties, covenants and agreements contained in this Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Lenders hereby waive any Default or Event of Default arising solely as a result of the Specified Violation.
The limited waiver granted in this Section 2 is a one-time waiver and limited solely to the Specified Violation and nothing contained in this Section 2 shall be deemed a consent to, or waiver of, any other action or inaction of any Credit Party which constitutes (or would constitute) a violation of any provision of the Credit Agreement or any other Credit Document.