Common use of No Waiver of Existing Defaults Clause in Contracts

No Waiver of Existing Defaults. Any defaults, events of defaults or existing matters that with the passage of time would mature into a default under the Loan Documents prior to the date of this Agreement are not waived and shall be in full force and effect.

Appears in 2 contracts

Sources: Loan Modification Agreement (Sight Resource Corp), Loan Modification Agreement (Sight Resource Corp)