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MRVL » Topics » 18.11 Waiver

This excerpt taken from the MRVL 8-K filed Nov 14, 2006.

18.11                 Waiver

Unless otherwise directed by the Secured Parties, the Administrative Agent may from time to time and at any time, provided that in its opinion the interests of the Secured Parties will not thereby be materially prejudiced, waive or authorise, on such terms and conditions (if any) as shall seem expedient to the Administrative Agent, any breach or proposed breach by the Chargor of any of the covenants, conditions, provisions or obligations on its part contained in this Deed other than a breach which gives rise to an event upon which the security constituted by this Deed becomes enforceable without prejudice to the rights of the Administrative Agent in respect of any subsequent breach thereof.

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