WAIVER AND MODIFICATION definition

WAIVER AND MODIFICATION. No failure on the Bank's part to exercise, and no delay in exercising, any right, power or remedy under this letter agreement or the Note or the Pledge Agreement shall operate as a waiver thereof. No modification or waiver of any provision of this letter Basic Petroleum International Limited Page 6 July 14, 1997 agreement or the Note shall be effective unless it is in writing and signed by the Bank.
View Source

Examples of WAIVER AND MODIFICATION in a sentence

  • TERMINATION, AMENDMENT, WAIVER AND MODIFICATION..................

  • THIS NOTE WAS ISSUED PURSUANT TO A LOAN AND SECURITY AGREEMENT BETWEEN MAKER AND HOLDER DATED AS OF JULY 17, 2013 (THE “LOAN AGREEMENT”), WAS AMENDED AND RESTATED ON DECEMBER 31, 2013 IN CONNECTION WITH THAT CERTAIN FORBEARANCE, WAIVER AND MODIFICATION NO.

Related to WAIVER AND MODIFICATION

  • Permit modification means a revision to a Title V operating permit that cannot be accomplished under the provisions for administrative permit amendments found at rule 567—22.111(455B). A permit modification for purposes of the acid rain portion of the permit shall be governed by the regulations pertaining to acid rain found at rules 567—22.120(455B) to 567—22.147(455B). This definition of “permit modification” shall be used solely for purposes of this chapter governing Title V operating permits.

  • Contract Modification means any changes in the terms or provisions of the Contract which are reduced to writing and fully executed by both parties.

  • Minor modification means a modification that does not significantly alter the nongovernmental function or purpose of the software or is of the type customarily provided in the commercial marketplace.

  • Major modification means any physical change in or change in the method of operation of a major stationary source that would result in a significant emissions increase of a regulated NSR pollutant and a significant net emissions increase of that pollutant from the major stationary source.

  • Required Modification shall have the meaning specified in Section 8.1 of the Facility Lease.