Action/acquiescence Sample Clauses

Action/acquiescence. If the Bank took no action upon the default by the Borrower or Security Party or if the Bank acquiesce in any such default by the Borrower or Security Party, such inaction or acquiesces by the Bank shall not affect or impair any of the Bank’s right, power, privilege or remedy in respect of any other or subsequent default by the Borrower or the Security Party.