Common use of Acceptance Not Waiver Clause in Contracts

Acceptance Not Waiver. By accepting payment of any sum secured hereby after its due date, neither the Trustee nor the Beneficiary shall be deemed to have waived its right either to require prompt payment when due of all other sums so secured or to declare default as herein provided for failure so to pay.

Appears in 4 contracts

Samples: Deed of Trust, Deed of Trust, Collateralized Note Indenture (Huntway Partners L P)

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