Acknowledgement of Default and Waiver Agreement Sample Contracts
Re: Acknowledgement of Default and Waiver AgreementAcknowledgement of Default and Waiver Agreement • November 15th, 2004 • New Horizons Worldwide Inc • Services-educational services
This Acknowledgement of Default and Waiver Agreement (this “Agreement”) is made with reference to the Credit Agreement (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of February 27, 2003, among New Horizons Worldwide, Inc., a Delaware corporation (“Borrower”), each of the lenders from time to time parties thereto (each a “Lender” and collectively, the “Lenders”) and Wells Fargo Bank, National Association, as Administrative Agent (in such capacity, the “Administrative Agent”). All capitalized terms not otherwise defined herein shall have the meaning set forth in the Credit Agreement. Unless otherwise noted, all section references contained herein shall be to sections of the Credit Agreement.