Common use of Borrower Not Released Clause in Contracts

Borrower Not Released. No delay or omission of Lender to exercise any of its rights and remedies under this Promissory Note at any time following the happening of Default shall constitute a waiver of the right of Lender to exercise such rights and remedies at a later time by reason of Default or by reason of any subsequently occurring Default. The acceptance by Xxxxxx of payment of any sum payable hereunder after the due date of such payment shall not be a waiver of Xxxxxx’s right to either require prompt payment when due of all other sums payable hereunder or to declare a default for failure to make prompt payment.

Borrower Not Released. No delay or omission of Lender to exercise any of its rights and remedies under this Promissory Note or any other Loan Document at any time following the happening of an Event of Default shall constitute a waiver of the right of Lender to exercise such rights and remedies at a later time by reason of such Event of Default or by reason of any subsequently occurring Event of Default. The acceptance by Xxxxxx Lender of payment of any sum payable hereunder after the due date of such payment shall not be a waiver of XxxxxxLender’s right to either require prompt payment when due of all other sums payable hereunder or to declare a default for failure to make prompt payment.