Common use of Delay in Enforcement; No Waiver Clause in Contracts

Delay in Enforcement; No Waiver. The Secured Parties or either of them can choose to delay or not to enforce any of their rights under this Agreement without losing such rights or in any way affecting the ability of the other Secured Party to exercise such rights. If either of the Secured Parties chooses not to exercise or enforce (or is prevented from exercising or enforcing) any of such rights, the Borrower agrees that such Secured Party is not waiving the right to enforce such rights at a later time or any of its other rights, and that the other Secured Party may, nonetheless, proceed to independently exercise or enforce any or all of such rights as it may deem appropriate. Any waiver of the Secured Parties' rights under this Agreement must be in writing.

Delay in Enforcement; No Waiver. The Secured Parties or either of them can choose to delay or not to enforce any of their rights under this Agreement without losing such rights or in any way affecting the ability of the other Secured Party to exercise such rights. If either of the Secured Parties chooses not to exercise or enforce (or is prevented from exercising or enforcing) any of such rights, the Borrower agrees that such Secured Party is not waiving the right to enforce such rights at a later time or any of its other rights, and that the other Secured Party may, nonethelessnevertheless, proceed to independently exercise or enforce any or all of such rights as it may deem appropriate. Any waiver of the Secured Parties' rights under this Agreement must be in writing.