No previous waiver and no failure or delay by Administrative Agent or Lenders in acting with respect to the terms of the Existing Note or this Agreement shall constitute a waiver of any breach, default, or failure of condition under the Existing Note, this Agreement or the obligations secured thereby. A waiver of any term of the Existing Note, this Agreement or of any of the obligations secured thereby must be made in writing and shall be limited to the express written terms of such waiver.