Waiver Letters definition
Examples of Waiver Letters in a sentence
Accordingly, from and after the date of this Amendment, the Company will not be entitled to take any of the actions permitted by either of the Waiver Letters unless and until the Company is (or becomes) otherwise entitled to take such actions pursuant to (and in accordance with) the terms of the Merger Agreement.
The limitation on the Total Outstandings set forth in Section 3(a) of the Prior Waiver Letters shall remain in effect through April 15, 2003; provided that the Company shall not be permitted to obtain Loans to make payments under the finite bonding program with AIG (as described in the memorandum dated November 6, 2002 from G▇▇▇ ▇▇▇▇▇▇▇▇ to M▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ of Bank of America, N.A. and related and included documents) in an aggregate principal amount greater than $2,500,000.
We hereby confirm that each of the Facility Agreement and the other Finance Documents (as amended from time to time including pursuant to the Waiver Letters and the above terms and conditions) and our obligations thereunder remain in full force and effect.
Each of the Waiver Letters shall have been executed by the employees identified therein and delivered to Parent without amendment or modification thereto in any respect and shall be in full force and effect as of the Fourth Effective Time.
Further, the Salient Terms are intended to be only supplemental to the terms of the Term Sheet and those terms and conditions agreed to in the Waiver Letters (to the extent such terms and conditions differ from the Salient Terms).
Each of the Waiver Letters shall remain enforceable in accordance with its terms and shall have not been withdrawn or become invalid.
All entities of the Seller's Group which have provided Waiver Letters have the corporate power and authority to waive the claims as provided for in the Waiver Letters and the Waiver Letters have been duly authorized by all requisite corporate actions.
That CGI receive from the lenders for the construction of the power plants of which the greenhouses are a part a Waiver Letter in the form of Exhibits "G" through "I" attached hereto, which Waiver Letters shall be for the benefit of Lender.
With respect to the Subsequent Closing that occurs on the Outside Funding Date, the Company shall have entered into the Remaining Management Lockup Agreements, the Remaining Employment Agreements and the Remaining Change of Control Waiver Letters (as each such term is defined below) on or before the date of such Subsequent Closing.
The limitation on the Total Outstandings set forth in Section 3(a) of the Prior Waiver Letters (which limitation is in the present amount of $85,348,000 (including all liability of the Company with respect to any outstanding Letters of Credit) shall remain in effect through April 15, 2003; provided, however, that any subsequent increases in such limitation that, in the aggregate, are in excess of $600,000 shall require the consent of each Bank.