Common use of NO WAIVER OF ANY EXISTING DEFAULTS Clause in Contracts

NO WAIVER OF ANY EXISTING DEFAULTS. Borrower hereby acknowledges that Lenders, in executing and delivering this Second Amendment to Convertible Loan Agreement, hereby waive no Default that may be existing under the Loan Documents as of the date of this Amendment, but instead expressly reserve any and all of their rights, powers, and/or remedies under the Loan Documents and/or applicable in connection with any such Existing Default.