Common use of Effect of Waiver or Consent Clause in Contracts

Effect of Waiver or Consent. No waiver or consent, express or implied, by any Person with respect to any breach or default by any other Person of its obligations hereunder shall be deemed or construed to be a consent or waiver with respect to any other breach or default by such other Person of the same or any other obligations of such other Person hereunder. Failure on the part of any Person to complain of any act or omission of any other Person, or to declare any other Person in default, irrespective of how long such failure continues, shall not constitute a waiver by such Person of its rights hereunder until the applicable limitation period has run.

Appears in 19 contracts

Samples: Limited Partnership Agreement (Enterprise Products Partners L P), Limited Partnership Agreement (Enterprise Products Partners L P), Limited Partnership Agreement (Enterprise Products Partners L P)

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Effect of Waiver or Consent. No waiver or consent, express or implied, by any Person with respect Member to or of any breach or default by any other Person in the performance by such Person of its obligations hereunder shall be deemed or construed to be a consent or waiver with respect to or of any other breach or default in the performance by such other Person of the same or any other obligations of such other Person hereunder. Failure on the part of any Person a Member to complain of any act or omission of any other Person, Person or to declare any other Person in default, irrespective of how long such failure continues, shall not constitute a waiver by such Person Member of its rights hereunder until the applicable statute of limitation period has run.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (R&b Falcon Corp), Limited Liability Company Agreement (Reading & Bates Corp)

Effect of Waiver or Consent. No A waiver or consent, express or implied, by any Person with respect to or of any breach or default by any other Person in the performance by that Person of its his or her obligations hereunder shall be deemed or construed to be is not a consent to or waiver with respect to of any other breach or default in the performance by such other that Person of the same or any other obligations of such other that Person hereunder. Failure on the part of any a Person to complain of any act or omission of any other Person, Person or to declare any other Person in defaultdefault with respect to his or her obligations hereunder, irrespective of how long such that failure continues, shall does not constitute a waiver by such that Person of its his or her rights hereunder with respect to that default until the applicable limitation statute-of-limitations period has run.

Appears in 1 contract

Samples: Operating Agreement

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Effect of Waiver or Consent. No waiver or consent, express or implied, by any Person with respect to any breach or default by any other Person of its obligations hereunder shall be deemed or construed to be a consent or waiver with respect to any other breach or default by such other Person of the same or any other obligations of such other Person hereunder. Failure on the part of any Person to complain of any act or omission of any other Person, or to declare any other Person in default, irrespective of how long such failure continues, shall not constitute a waiver by such Person of its rights hereunder until the applicable limitation period has run.. 12.05

Appears in 1 contract

Samples: Limited Partnership Agreement

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