Common use of Continuity and No Waiver Clause in Contracts

Continuity and No Waiver. 6.1 The Equity Pledge created under this Agreement constitutes a continual security and will survive until the Contractual Obligations are discharged or the Secured Indebtedness is repaid in full. No waiver or extension to any default by the Pledgors or delay in exercising any of its rights under the Transaction Documents or this Agreement by the Pledgee shall affect its rights under this Agreement, the PRC Laws and the Transaction Documents to demand for the Pldegors’ strict compliance with the Transaction Documents and this Agreement or any rights of the Pledgee which may arise as a result of the subsequent breach of the Transaction Documents and/or this Agreement by the Pledgors.

Appears in 7 contracts

Samples: Equity Pledge Agreement (Huami Corp), Equity Pledge Agreement (YX Asset Recovery LTD), Equity Pledge Agreement (Huami Corp)

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