Common use of Breach Shall Not Permit Termination Clause in Contracts

Breach Shall Not Permit Termination. It is expressly agreed that no breach of this Declaration shall entitle any Owner to cancel, rescind, or otherwise terminate this Declaration, but such limitation shall not affect in any manner any of the rights or remedies which the Owners may have by reason of any breach of this Declaration.

Appears in 3 contracts

Samples: Arbitration Agreement (Nextest Systems Corp), Arbitration Agreement (Nextest Systems Corp), Option and Purchase Agreement and Escrow Instructions (Homefed Corp)

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Breach Shall Not Permit Termination. It is expressly agreed that no breach of this Declaration shall entitle any Owner to cancel, rescind, or otherwise terminate this Declaration, but such limitation shall not affect in any manner any of the other rights or remedies which the Owners such Owner may have hereunder by reason of any breach of this Declaration. Any breach of this Declaration shall not defeat or render invalid the lien of any mortgage or deed of trust made in good faith for value, but this Declaration shall be binding upon and be effective against any Owner whose title is acquired by foreclosure, trustee’s sale or otherwise.

Appears in 1 contract

Samples: Restrictions and Reciprocal Easement Agreement

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Breach Shall Not Permit Termination. It is expressly agreed that no breach of this Declaration shall entitle any Owner Bank or Lxxx to cancel, rescind, or otherwise terminate this Declaration, but and such limitation limitations shall not affect in any manner any of the rights or remedies which the Owners Bank or Lxxx may have by reason of any breach of this Declaration.

Appears in 1 contract

Samples: Lease Agreement (Atossa Genetics Inc)

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