Common use of Delay and Non-Waiver Clause in Contracts

Delay and Non-Waiver. No delay or omission by the Agent to exercise any remedy or right hereunder shall impair any such remedy or right or shall be construed to be a waiver of any Event of Default, or an acquiescence therein, nor shall it affect any subsequent Event of Default of the same or of a different nature.

Appears in 6 contracts

Samples: Security Agreement (Security Devices International Inc.), Subsidiary Pledge Agreement (Nestor Inc), Security Agreement (Nestor Inc)

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Delay and Non-Waiver. No delay or omission by the Agent or any Purchaser to exercise any remedy or right hereunder shall impair any such remedy or right or shall be construed to be a waiver of any Event of Default, or an acquiescence therein, nor shall it affect any subsequent Event of Default of the same or of a different nature.

Appears in 4 contracts

Samples: Security Agreement (Security Devices International Inc.), Security Agreement (Nestor Inc), Guaranty and Suretyship Agreement (Nestor Inc)

Delay and Non-Waiver. No delay or omission by the Administrative Agent or any Lender to exercise any remedy or right hereunder shall impair any such remedy or right or shall be construed to be a waiver of any Event of Default, or an acquiescence therein, nor shall it affect any subsequent Event of Default of the same or of a different nature.

Appears in 2 contracts

Samples: Credit Agreement (Curtiss Wright Corp), Credit Agreement (Curtiss Wright Corp)

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Delay and Non-Waiver. No delay or omission by the Collateral Agent to exercise any remedy or right hereunder shall impair any such remedy or right or shall be construed to be a waiver of any Event of Default, or an acquiescence therein, nor shall it affect any subsequent Event of Default of the same or of a different nature.

Appears in 1 contract

Samples: Pledge Agreement (Genesis Health Ventures Inc /Pa)

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