Common use of Further Waivers Clause in Contracts

Further Waivers. Upon written request from a Standstill Party, the Administrative Agent, in consultation with the Steering Committee, may waive the requirements of the Cross-Referenced Covenants incorporated into Section 6 of the Standstill Agreement in order to permit any transactions described in the "Proposed Fourth Amendment Issues" dated March 20, 2003, to the extent that such transaction is not specifically waived in Section 2 above. Any waiver granted pursuant to this Section 4 shall be provided to the Lenders.

Appears in 1 contract

Sources: Waiver and Consent to the Standstill Agreement and Intercreditor Agreement (Exide Technologies)

Further Waivers. Upon written request from a Standstill Party, the Administrative Agent, in consultation with the Steering Committee, may waive the requirements of the Cross-Referenced Covenants incorporated into Section 6 of the Standstill Agreement in order to permit any transactions described in the "Proposed Fourth Amendment IssuesPresentation to the Senior Lenders" dated March 20December 9, 20032002, to the extent that such transaction is not specifically waived in Section 2 3 above. Any waiver granted pursuant to this Section 4 shall be provided to the Lenders.

Appears in 1 contract

Sources: Standstill Agreement (Exide Corp)