Common use of Amendments; No Waiver Clause in Contracts

Amendments; No Waiver. No amendment or waiver of any provision of this Guaranty nor consent to any departure by Guarantor therefrom shall, in any event, be effective unless the same shall be in writing and signed by IFCO and Guarantor, and then any such waiver or consent shall apply only to the specific occasion which is the subject of such waiver or consent and shall not apply to the occurrence of the same or any similar event on any future occasion. No failure on the part of IFCO or Guarantor to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise thereof, or the exercise of any other right operate as a waiver thereof.