Common use of Amendment; Change; Modification; No Waiver Clause in Contracts

Amendment; Change; Modification; No Waiver. In the event of any amendment, change or modification relating to a Letter of Credit or any Instruments or documents called for thereunder, including waiver of noncompliance of any such Instruments or documents with the terms of such Letter of Credit, this Agreement shall be binding upon each Letter of Credit Account Party with regard to such Letter of Credit as so amended, changed, or modified, and to any act taken by Letter of Credit Issuing Bank or any of its correspondents relating thereto. No amendment, change, waiver, or modification to which Letter of Credit Issuing Bank has consented shall be deemed to mean that Letter of Credit Issuing Bank will consent or has consented to any other or subsequent request to amend, change, modify or waive a term of such Letter of Credit. Letter of Credit Issuing Bank shall not be deemed to have waived any of its rights hereunder, unless Letter of Credit Issuing Bank or its authorized agent shall have signed such waiver in writing. No such waiver, unless expressly stated therein, shall be effective as to any transaction which occurs subsequent to the date of such waiver, nor as to any continuance of a breach after such waiver.

Appears in 9 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

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Amendment; Change; Modification; No Waiver. In the event of any amendment, change or modification relating to a Letter of Credit or any Instruments or documents called for thereunder, including waiver of noncompliance of any such Instruments or documents with the such terms of such the Letter of Credit, this Agreement shall be binding upon each Letter of Credit Account Party the Borrower with regard to such Letter of Credit as so amended, changed, or modified, and to any act action taken by Letter of Credit the Issuing Bank or any of its correspondents relating reacting thereto. No amendment, change, waiver, waiver or modification to which Letter of Credit the Issuing Bank has consented shall be deemed to mean that Letter of Credit the Issuing Bank will consent or has consented to any other or subsequent request to amend, change, modify or waive a term of such Letter of Credit. Letter of Credit The Issuing Bank shall not be deemed to have waived any of its rights hereunder, unless Letter of Credit the Issuing Bank or its authorized agent shall have signed such waiver in writing. No such waiver, unless expressly stated therein, shall be effective as to any transaction which occurs subsequent to the date of such waiver, nor as to any continuance of a breach after such waiver.

Appears in 1 contract

Samples: Credit Agreement (Navigators Group Inc)

Amendment; Change; Modification; No Waiver. In the event of any amendment, change or modification modification, with the consent of the relevant Letter of Credit Party, relating to a Letter of Credit or any Instruments or documents called for thereunder, including waiver of noncompliance of any such Instruments or documents with the terms of such Letter of Credit, this Agreement shall be binding upon each such Letter of Credit Account Party with regard to such Letter of Credit as so amended, changed, or modified, and to any act action taken by Letter of Credit Issuing Bank Chase or any of its correspondents relating thereto. No amendment, change, waiver, or modification to which Letter of Credit Issuing Bank Chase has consented shall be deemed to mean that Letter of Credit Issuing Bank Chase will consent or has consented to any other or subsequent request to amend, change, modify or waive a term of such Letter of Credit. Letter of Credit Issuing Bank Chase shall not be deemed to have waived any of its rights hereunder, unless Letter of Credit Issuing Bank Chase or its authorized agent shall have signed such waiver in writing. No such waiver, unless expressly stated therein, shall be effective as to any transaction which occurs subsequent to the date of such waiver, nor as to any continuance of a breach after such waiver.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Boundless Corp)

Amendment; Change; Modification; No Waiver. In the event of any amendment, change or modification modification, with the consent of the Borrower, relating to a Letter of Credit or any Instruments or documents called for thereunder, including waiver of noncompliance of any such Instruments or documents with the terms of such Letter of Credit, this Agreement shall be binding upon each Letter of Credit Account Party the Borrower with regard to such Letter of Credit as so amended, changed, or modified, and to any act action taken by Letter of Credit Issuing Bank Chase or any of its correspondents relating thereto. No amendment, change, waiver, or modification to which Letter of Credit Issuing Bank Chase has consented shall be deemed to mean that Letter of Credit Issuing Bank Chase will consent or has consented to any other or subsequent request to amend, change, modify or waive a term of such Letter of Credit. Letter of Credit Issuing Bank Chase shall not be deemed to have waived any of its rights hereunder, unless Letter of Credit Issuing Bank Chase or its authorized agent shall have signed such waiver in writing. No such waiver, unless expressly stated therein, shall be effective as to any transaction which occurs subsequent to the date of such waiver, nor as to any continuance of a breach after such waiver.

Appears in 1 contract

Samples: Credit Agreement (Boundless Corp)

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Amendment; Change; Modification; No Waiver. In the event of any amendment, change or modification modification, with the consent of the applicable Borrower, relating to a Letter of Credit or any Instruments instruments or documents called for thereunder, including waiver of noncompliance of any such Instruments instruments or documents with the terms of such Letter of Credit, this Agreement shall be binding upon each Letter of Credit Account Party such Borrower with regard to such Letter of Credit as so amended, changed, or modified, and to any act action taken by Letter of Credit Issuing Bank Chase or any of its correspondents relating thereto. No amendment, change, waiver, or modification to which Letter of Credit Issuing Bank Chase has consented shall be deemed to mean that Letter of Credit Issuing Bank Chase will consent or has consented to any other or subsequent request to amend, change, modify or waive a term of such Letter of Credit. Letter of Credit Issuing Bank Chase shall not be deemed to have waived any of its rights hereunder, unless Letter of Credit Issuing Bank Chase or its authorized agent shall have signed such waiver in writing. No such waiver, unless expressly stated therein, shall be effective as to any transaction which occurs subsequent to the date of such waiver, nor as to any continuance of a breach after such waiver.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Biscayne Apparel Inc /Fl/)

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