Common use of Consents; Waivers Clause in Contracts

Consents; Waivers. No consent or waiver, express or implied, by the Company or any Member to or of any breach or default by any Member in the performance by such Member of its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such Member hereunder. Failure on the part of the Company or the other Members to complain of any act or failure to act of the other Member or to declare the other Members in default, irrespective of how long such failure continues, shall not constitute a waiver by the Company or such Members of the rights of the Company or such Member hereunder.

Appears in 2 contracts

Samples: Private Limited Company Agreement, Private Limited Company Agreement (Pepsi Bottling Group Inc)

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Consents; Waivers. No consent or waiver, express or implied, by the Company or any Member to or of any breach or default by any Member in the performance by such Member of its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such Member hereunder. Failure on the part of the Company or the other Members a Member to complain of any act or failure to act of the other another Member or to declare the other Members Member in default, irrespective of how long such failure continues, shall not constitute a waiver by the Company or such Members the Member of the rights of the Company or such Member hereunder.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

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