Common use of Amendments and Waivers/Default Clause in Contracts

Amendments and Waivers/Default. No amendment, modification or waiver of any provision of this Agreement or any service agreement will be effective unless it is in writing signed by the Customer and the Bank. The Customer will be in default by the mere lapse of the time fixed for performing an obligation. No failure or delay, on the part of the Bank, in exercising any right or power pursuant to the Financial Services Agreement or under any security/agreement or pursuant to any other agreement, generally, shall operate as a waiver thereof.

Appears in 7 contracts

Samples: Business Services Agreement, Financial Services Agreement, Financial Services Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!