Common use of Duration of Waiver Clause in Contracts

Duration of Waiver. The Waiver granted herein shall terminate upon the first of the following events to occur: (a) Failure of Tenant Guarantor to file the intended petition for debtor relief before May 1, 2016; (b) Dismissal of such petition after filing; (c) Conversion of the pending case for debtor relief to a Chapter 7 bankruptcy case or other liquidation proceeding; (d) Relief from the automatic stay or other relief which allows creditors of the Material Debt referred to in Section 23.1(h) of the Lease to take action to enforce such Material Debt against Tenant Guarantor or its property; or (e) A Tenant Event of Default under the Lease other than arising out of any of the three Specified Defaults expressly waived hereunder.