Common use of Waiver of Subsection Clause in Contracts

Waiver of Subsection. 14.16 (Leverage Ratio and Senior Leverage Ratio). Subsections 14.16(a) and (b) of the Credit Agreement are hereby waived for the period commencing June 30, 2001 and ending August 15, 2001. On August 16, 2001 the Company shall be required to be in full compliance with its covenants as such covenants were in effect on June 30, 2001.

Waiver of Subsection. 14.16 (Leverage Ratio and Senior Leverage Ratio). Subsections 14.16(a) and (b) of the Credit Agreement are hereby waived for the period commencing June 30, 2001 and ending August 15July 31, 2001. On August 161, 2001 the Company shall be required to be in full compliance with its covenants as such covenants were in effect on June 30, 2001.