Common use of Delay or Omission Not a Waiver Clause in Contracts

Delay or Omission Not a Waiver. No delay or omission of the Indenture Trustee[, the Securities Insurer] or any Holder of any Note to exercise any right or remedy accruing upon any Default or Event of Default shall impair any such right or remedy or constitute a waiver of any such Default or Event of Default or an acquiescence therein. Every right and remedy given by this Article V or by law to the Indenture Trustee[, the Securities Insurer] or to the Noteholders may be exercised from time to time, and as often as may be deemed expedient, by the Indenture Trustee[, the Securities Insurer] or by the Noteholders, as the case may be[, subject, in each case, however, to the right of the Securities Insurer to control any such right and remedy, except as provided in Section 11.20].

Appears in 4 contracts

Samples: Indenture (Bcap LLC), Mortgage Loan Trust Indenture (Hsi Asset Securitization Corp), Indenture (Painewebber Mortgage Acceptance Corporation Iv)

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Delay or Omission Not a Waiver. No delay or omission of the Indenture Trustee[, the Securities Insurer] Insurer or any Holder of any Note to exercise any right or remedy accruing upon any Default or Event of Default shall impair any such right or remedy or constitute a waiver of any such Default or Event of Default or an acquiescence therein. Every right and remedy given by this Article V or by law to the Indenture Trustee[, the Securities Insurer] Insurer or to the Noteholders may be exercised from time to time, and as often as may be deemed expedient, by the Indenture Trustee[, the Securities Insurer] Insurer or by the Noteholders, as the case may be[, subject, in each case, however, to the right of the Securities Insurer to control any such right and remedy, except as provided in Section 11.20]11.21.

Appears in 2 contracts

Samples: Indenture (Firstplus Investment Corp), Indenture (Firstplus Investment Corp)

Delay or Omission Not a Waiver. No delay or omission of the Indenture Trustee, [, the Securities Note Insurer] or any Holder of any Note to exercise any right or remedy accruing upon any Default or Event of Default shall impair any such right or remedy or constitute a waiver of any such Default or Event of Default or an acquiescence therein. Every right and remedy given by this Article V or by law to the Indenture Trustee, [, the Securities Note Insurer] or to the Noteholders may be exercised from time to time, and as often as may be deemed expedient, by the Indenture Trustee, [, the Securities Note Insurer] or by the Noteholders, as the case may be, [, subject, in each case, however, to the right of the Securities Note Insurer to control any such right and remedy, except as provided in Section 11.20.].

Appears in 1 contract

Samples: Indenture (Aegis Asset Backed Securities Corp)

Delay or Omission Not a Waiver. No delay or omission of the Indenture Trustee[, the Securities Insurer] Insurer or any Holder of any Note to exercise any right or remedy accruing upon any Default or Event of Default shall impair any such right or remedy or constitute a waiver of any such Default or Event of Default or an acquiescence therein. Every right and remedy given by this Article V or by law to the Indenture Trustee[, the Securities Insurer] Insurer or to the Noteholders may be exercised from time to time, and as often as may be deemed expedient, by the Indenture Trustee[, the Securities Insurer] Insurer or by the Noteholders, as the case may be[, subject, in each case, however, to the right of the Securities Insurer to control any such right and remedy, except as provided in Section 11.20].

Appears in 1 contract

Samples: Indenture (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-2)

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Delay or Omission Not a Waiver. No delay or omission of the Indenture Trustee[, the Securities Insurer] Insurer or any Holder of any Note to exercise any right or remedy accruing upon any Default or Event of Default shall impair any such right or remedy or constitute a waiver of any such Default or Event of Default or an acquiescence therein. Every right and remedy given by this Article V or by law to the Indenture --------- Trustee[, the Securities Insurer] Insurer or to the Noteholders may be exercised from time to time, and as often as may be deemed expedient, by the Indenture Trustee[, the Securities Insurer] Insurer or by the Noteholders, as the case may be[, subject, in each case, however, to the right of the Securities Insurer to control any such right and remedy, except as provided in Section 11.20].. -------------

Appears in 1 contract

Samples: Indenture (Fremont Mortgage Securities Corp)

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