Examples of Waiver Termination Date in a sentence
The waivers provided pursuant to the terms of this Agreement shall automatically and without further action or notice by any party expire on the Limited Waiver Termination Date (as defined below).
On the Waiver Termination Date, without any further action by the Agent and Lenders, all of the terms and provisions set forth in the Loan Documents shall have the same force and effect as if this Letter Waiver had not been entered into by the parties hereto, and the Agent and the Lenders shall have all of the rights and remedies afforded to them under the Loan Documents as though no waiver had been granted by them hereunder.
Notwithstanding the foregoing, the Company acknowledges and agrees that if the transactions contemplated by the Amendments (as defined below) have not been consummated by the Waiver Termination Date, the Waiver Defaults shall constitute Events of Default under the Notes as of the original default date as if the Waiver contained herein was not granted.
The Company and the Investor each agree to use reasonable best efforts to enter into an amendment to the Transaction Documents to reflect the terms set forth on Exhibit A attached hereto (the “Amendments”) as soon as reasonably practicable and in no event later than the Waiver Termination Date.
In the event that the Waiver Termination Date is December 31, 2007, and provided such Waiver Termination Date is not extended pursuant to agreement between the parties to this Agreement, the waiver shall cease to be effective commencing on January 1, 2008.