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 Required Tranche A Lenders or (b) is waived in writing by the Required Tranche A Lenders. For all purposes under this Agreement, each Event of Super-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 Required Tranche B Lenders or (b) is waived in writing by the Required Tranche B Lenders.

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (New Horizons of Yonkers Inc)

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 Required Tranche A Lenders or (b) is waived in writing by the Required Tranche A Lenders. For all purposes under this Agreement, each Event of Super-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 Required Tranche B Lenders and the Required Tranche C Lenders or (b) is waived in writing by the Required Tranche B Lenders and the Required Tranche C Lenders.. THE AGENTS

Appears in 1 contract

Sources: Revolving Credit and Guaranty Agreement (Bradlees Inc)