Common use of Amendments, Waivers and Termination of Agreement Clause in Contracts

Amendments, Waivers and Termination of Agreement. No amendment or modification to any terms or provisions of this Agreement, waiver of any covenant, obligation, breach or default under this Agreement or termination of this Agreement (other than as expressly provided in this Agreement), shall be valid unless in writing and executed and delivered by each of the Parties, provided, however, either Seller or Purchaser may, in writing, (i) extend the time for performance of any of the obligations of the other, (ii) waive any inaccuracies and representations by the other contained in this Agreement, (iii) waive compliance by the other with any of the covenants contained in this Agreement and (iv) waive the satisfaction of any condition that is precedent or subsequent to the performance by the party so waiving of any of its obligations under this Agreement.

Appears in 2 contracts

Samples: Asset Purchase Agreement (CNL Income Properties Inc), Asset Purchase Agreement (CNL Income Properties Inc)

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Amendments, Waivers and Termination of Agreement. No amendment or modification to any terms or provisions of this Agreement, waiver of any covenant, obligation, breach breach, or default under this Agreement Agreement, or termination of this Agreement (other than as expressly provided in this Agreement), ) shall be valid unless in writing and executed and delivered by each of the PartiesParties unless otherwise expressly set forth herein, provided, however, either Seller Sellers or Purchaser may, in writing, (ia) extend the time for performance of any of the obligations of the other, (iib) waive any inaccuracies and representations by the other contained in this Agreement, (iiic) waive compliance by the other with any of the covenants contained in this Agreement Agreement, and (ivd) waive the satisfaction of any condition that is precedent or subsequent to the performance by the party Party so waiving of any of its obligations under this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (CNL Lifestyle Properties Inc)

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Amendments, Waivers and Termination of Agreement. No amendment or modification to any terms or provisions of this Agreement, waiver of any covenant, obligation, breach or default under this Agreement or termination of this Agreement (other than as expressly provided in this Agreement), shall be valid unless in writing and executed and delivered by each of the PartiesParties and consented to by Securities Sellers, provided, however, either Seller or Purchaser may, in writing, (i) extend the time for performance of any of the obligations of the other, (ii) waive any inaccuracies and representations by the other contained in this Agreement, (iiiii) waive compliance by the other with any of the covenants contained in this Agreement Agreement, and (iviii) waive the satisfaction of any condition that is precedent or subsequent to the performance by the party so waiving of any of its obligations under this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (CNL Income Properties Inc)

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