Annulment of Defaults. An Event of Default shall not be deemed to have occurred or to be in existence for any purpose of this Note if the holder shall have waived such Event of Default in writing or stated in writing that the same has been cured to such holder' s satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of the rights of the holder upon the occurrence thereof.
Appears in 7 contracts
Sources: Merger Agreement (Universal Hospital Services Inc), Stockholders' Agreement (Universal Hospital Services Inc), Merger Agreement (Universal Hospital Services Inc)
Annulment of Defaults. An Event of Default shall not be deemed to have occurred or to be in existence for any purpose of this Note Agreement if the holder you shall have waived such Event of Default event in writing or stated in writing that the same has been cured to such holder' s your reasonable satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of the your rights of the holder upon the occurrence thereof.
Appears in 7 contracts
Sources: Loan Agreement (Enstar Income Program 1984-1 Lp), Loan Agreement (Enstar Income Program Iv-2 Lp), Loan Agreement (Enstar Income Growth Program Five-a Lp)
Annulment of Defaults. An Event of Default shall not be deemed --------------------- to have occurred or to be in existence for any purpose of this Note if the holder shall have waived such Event of Default in writing or stated in writing that the same has been cured to such holder' s satisfaction, but no such waiver shall extend to or affect any subsequent Event of Default or impair any of the rights of the holder upon the occurrence thereof.
Appears in 1 contract