Common use of Until December Clause in Contracts

Until December. 31, 1999. Notwithstanding anything in the Loan Agreement to the contrary, the provisions of Section 6.16 shall be effective only on and after December 31, 1999; the requirements of Section 6.16 shall be suspended until that time. Also in reliance upon the Borrower's representations and warranties set forth below, and the additional terms and provisions set forth in this letter agreement, the Lender shall excuse the Borrower from its present noncompliance with the requirements of Section 2.7, provided that the Borrower satisfies the requirements of this letter agreement with respect to the special arrangements regarding Franchisee Note substitutions set forth below and in Exhibit A attached hereto. Except as otherwise expressly set forth in this letter agreement, nothing herein shall be deemed to excuse the Borrower from future compliance with the requirements of Sections 6.16 and/or 2.7, which requirements the Lender will hereafter strictly enforce. Likewise, except as otherwise expressly set forth in this letter agreement, nothing herein shall be deemed to excuse the Borrower from, or constitute a waiver of, any other requirements or obligations of the Borrower under the Loan Agreement. The foregoing waiver (the "Waiver") is solely for the purpose of waiving the Lender's right to exercise certain remedies due to a circumstance that, with notice or the passage of time or both, would constitute an Event of Default; the Waiver shall not in any way apply to or affect any other provision of the Agreement.