Examples of Waiver and Consent Agreement in a sentence
The landlord for each location at which a material portion of Borrower’s inventory or other assets may be located shall have executed a Landlord Waiver and Consent Agreement with Lender acceptable to Lender in Lender’s sole discretion.
Contemporaneously with the execution of this Agreement, the parties will enter into a Waiver and Consent Agreement in the form attached hereto as Exhibit B.
This Modification, Waiver and Consent Agreement is made this 18th day of December, 2008 (“Agreement”) among Attitude Drinks Inc., a Delaware corporation (the “Company”), and the signators hereto who are Subscribers under certain Subscription Agreements with the Company dated October 23, 2007 (“Initial Closing”), January 8, 2008 (“Bridge Funding”), February 15, 2008 (“Second Closing”) and September 29, 2008 (collectively “Subscription Agreements”).
On or prior to the Closing for the T9 Property transaction, the FC Parties shall have entered into with T9 Lender, a Waiver and Consent Agreement in form and substance reasonably acceptable to the Presidential Parties (the “Waiver and Consent Agreement”), which Waiver and Consent Agreement shall, at minimum, provide for the waiver of any default under any applicable loan document arising from or as a result of this Agreement and a waiver of the existing defaults under the T-9 Loan.
Further, as part of the Second Modification, Waiver and Consent Agreement, the Company has reduced the “Fixed Conversion Price” on the Secured Convertible Notes from $.33 per share to $.05 per share and reduced the “Purchase Price” under the Class A Warrants from $.50 per share to $.05 per share for Secured Convertible Notes and Class A Warrants held by XXX XXXXXX ($100,000), ALPHA CAPITAL ANSTALT ($903,334), WHALEHAVEN CAPITAL FUND LIMITED ($360,000), MONARCH CAPITAL FUND LTD.