Common use of Effect of Waivers of Default Clause in Contracts

Effect of Waivers of Default. Any consent or permission by any party to any act or omission which otherwise would be a breach of any covenant or condition herein, or any waiver by any party of the breach of any covenant or condition herein, shall not in any way be held or construed (unless expressly so declared) to operate so as to impair the continuing obligation of any covenant or condition herein, or otherwise, except as to the specific instance, operate to permit similar acts or omissions.

Appears in 2 contracts

Samples: Lease Agreement (SciVac Therapeutics Inc.), Lease Agreement (Targanta Therapeutics Corp.)

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Effect of Waivers of Default. Any consent or permission either by any party ---------------------------- Landlord or Tenant to any act or omission which otherwise would be a breach of any covenant or condition herein, herein on the other to be performed or any waiver by any party of the breach of any covenant or condition hereinobserved, shall not in any way be held or construed (unless expressly so declared) to operate so as to impair the continuing obligation of the other party to perform or observe any covenant or condition herein, or otherwise, except as to the specific instance, operate to permit similar acts or omissions.

Appears in 1 contract

Samples: Lease (Storage Computer Corp)

Effect of Waivers of Default. Any consent or permission by any either party ---------------------------- to any act or omission which otherwise would be a breach of any covenant or condition herein, or any waiver by any party of the breach of any covenant or condition herein, shall not in any way be held or construed (unless expressly so declared) to operate so as to impair the continuing obligation of any covenant or condition herein, or otherwise, except as to the specific instance, operate to permit similar acts or omissions.

Appears in 1 contract

Samples: Lease (Wells Real Estate Investment Trust Inc)

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Effect of Waivers of Default. Any consent or permission by any either party to ---------------------------- any act or omission which otherwise would be a breach of any covenant or condition herein, or any waiver herein by any party of the breach of any covenant or condition hereinother party, shall not in any way be held or construed (unless expressly so declared) to operate so as to impair the continuing obligation of any covenant or condition herein, or otherwise, except as to the specific instance, operate to permit similar acts or omissions.

Appears in 1 contract

Samples: Lease (Averstar Inc)

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