This excerpt taken from the GCFB 8-K filed Apr 3, 2009.
Waivers and Amendments. No failure on the part of the Administrative Agent or the holder(s) of the Notes to exercise and no delay in exercising any power or right hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any power or right preclude any other or further exercise thereof or the exercise of any other power or right. The remedies herein and in any other instrument, document or agreement delivered or to be delivered to the Administrative Agent hereunder or in connection herewith are cumulative and not exclusive of any remedies provided by law. No notice to or demand on the Borrowers not required hereunder or under the Notes shall in any event entitle the Borrowers to any other or further notice or demand in similar or other circumstances or constitute a waiver of the right of the Administrative Agent or the holder(s) of the Notes to any other or further action in any circumstances without notice or demand. No amendment, modification or waiver of any provision of the Loan Documents or consent to any departure by the Borrowers therefrom shall be effective unless the same shall be in writing and signed by the Administrative Agent, and then such amendment, modifications, waiver or consent shall be effective only in the specific instances and for the specific purpose for which given.
Except as otherwise provided herein, no amendment, modification, termination or waiver of any provision of this Agreement, the Notes or any of the other Loan Documents, or consent to any departure by Borrowers, shall in any event be effective unless the same shall be in writing and signed by Required Lenders (or Administrative Agent, if expressly set forth herein, in any Note or in any other Loan Document) and the Borrowers; provided, that no amendment, modification, termination or waiver shall,
(1) increase the amount of any Lenders Loans or require any Lender to make additional loans, unless in writing and signed by such Lender, and
(2) unless in writing and signed by all Lenders, do any of the following: (a) reduce the principal of or the rate of interest on any Loans; (c) extend the Maturity Date or any date fixed for any payment of principal, interest or fees; (d) change the definition of the term Required Lenders or the percentage of Lenders which shall be required for Lenders to take any action hereunder; (e) amend or waive this Section 9.1 or the definitions of the terms used in this Section 9.1 insofar as the definitions affect the substance of this Section 9.1; and provided, further, that no amendment, modification, termination or waiver affecting the rights or duties of Administrative Agent under any
Loan Document shall in any event be effective, unless in writing and signed by Administrative Agent, in addition to all Lenders required to take such action.
Notwithstanding anything to the contrary in this Section 9.1, Administrative Agent and Borrowers may execute amendments to this Agreement and the other Loan Documents for the purpose of correcting typographical errors without the consent of Lenders. Each amendment, modification, termination or waiver shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on Borrowers or any other Loan Party in any case shall entitle Borrowers to any other or further notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this Section 9.1 shall be binding upon each holder of the Notes at the time outstanding, each future holder of the Notes and the Borrowers.