Common use of When Continuing Clause in Contracts

When Continuing. For all purposes under this Agreement, each Default and Event of Default that has occurred shall be deemed to be continuing at all times thereafter unless it either (a) is cured or corrected to the reasonable written satisfaction of the Lenders in accordance with Section 9.02, or (b) is waived in writing by the Lenders in accordance with Section 9.02. For all purposes under this Agreement, each event described in Section 7.02 that has occurred shall be deemed to be continuing at all times thereafter unless it either (a) is cured or corrected to the reasonable written satisfaction of the Tranche B Lenders in accordance with Section 9.02 or (b) is waived in writing by the Tranche B Lenders in accordance with Section 9.02.

Appears in 2 contracts

Sources: Credit Agreement (Hechinger Co), Debtor in Possession Credit Agreement (Heilig Meyers Co)

When Continuing. For all purposes under this Agreement, each Default and Event of Default that has occurred shall be deemed to be continuing at all times thereafter unless it either (a) is cured or corrected to the reasonable written satisfaction of the Lenders in accordance with Section 9.029.2, or (b) is waived in writing by the Lenders in accordance with Section 9.029.2. For all purposes under this Agreement, each event described in Section 7.02 7.2 that has occurred shall be deemed to be continuing at all times thereafter unless it either (a) is cured or corrected to the reasonable written satisfaction of the Tranche B Lenders Lender in accordance with Section 9.02 9.2 or (b) is waived in writing by the Tranche B Lenders Lender in accordance with Section 9.029.2.

Appears in 1 contract

Sources: Debtor in Possession Credit Agreement (Lamonts Apparel Inc)