Except to the extent approved in writing by Buyer (at the direction of the Indenture Trustee on behalf of Noteholders), Seller has not waived the performance by PMH of any action under the PMH Documents, if PMH’s failure to perform such action would cause the PMH Transaction to be in default in any material respect nor, except to the extent approved in writing by Buyer, has Seller waived any such default resulting from any action or inaction by PMH.