Common use of Effect of Waiver or Forbearance Clause in Contracts

Effect of Waiver or Forbearance. No waiver by either party of any breach by the other party of any of its obligations, agreements or covenants under this Lease will be a waiver of any subsequent breach or of any obligation, agreement or covenant, nor is any forbearance by Landlord to seek a remedy for any breach by Tenant or any forbearance by Tenant to seek a remedy for any breach by Landlord, a waiver by Landlord or Tenant, as the case may be, of its rights and remedies with respect to such or any subsequent breach.

Appears in 2 contracts

Samples: Forsyth County (Targacept Inc), Forsyth County (Targacept Inc)

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Effect of Waiver or Forbearance. No waiver by either party the Landlord or the Tenant of any breach by the other party of any of its obligationscovenants, agreements or covenants under obligations in this Lease will lease shall be or be deemed to be a waiver of any subsequent breach thereof or of the breach of any obligationother covenant, agreement or covenant, obligation nor is shall any forbearance by the Landlord to seek a remedy for any breach by Tenant or any forbearance by the Tenant to seek a remedy for any breach by Landlord, the other party be or be deemed to be a waiver by Landlord or Tenant, as the case may be, party so forbearing of its rights and remedies with respect to such breach or any subsequent breach.

Appears in 2 contracts

Samples: Indenture of Lease (Intellipharmaceutics International Inc.), Indenture of Lease (Intellipharmaceutics LTD)

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