Applicability of Waiver Sample Clauses
The "Applicability of Waiver" clause defines the circumstances under which a party's decision to waive a right or provision in a contract is valid and enforceable. Typically, this clause clarifies that a waiver of any term or condition must be made explicitly, often in writing, and that a failure to enforce a right on one occasion does not mean the party waives that right in the future. Its core practical function is to prevent parties from unintentionally losing their contractual rights due to inaction or isolated instances of leniency, thereby ensuring that waivers are deliberate and do not set unintended precedents.
Applicability of Waiver. Users acknowledge that they may be required to sign a separate waiver, assumption of risk, and indemnification document (a “Waiver”), electronically or physically, prior to entering the Facility or participating in any Activities. However, even if a User does not sign a separate Waiver, these Terms & Conditions include provisions addressing waiver, assumption of risk, and indemnification, as set forth herein, that apply to all Users who access or use the Facility or participate in any Activities.
Applicability of Waiver. The undersigned parties understand and acknowledge that by executing this Waiver and Amendment Agreement, the waivers set forth in Section 3 shall be effective and binding on the undersigned parties, each holder of any Registrable Securities, each future holder of all such Registrable Securities, each Common Holder and Lender and the Company.