Enforcement and Waiver by Lender. Lender shall have the right at all times to enforce the provisions of this Guaranty and the other Loan Documents in strict accordance with their respective terms, notwithstanding any conduct or custom on the part of Lender in refraining from so doing at any time or times. The failure of Lender at any time or times to enforce its rights under such provisions strictly in accordance with the same, shall not be construed as having created a custom or in any way or manner modified or waived the same. All rights and remedies of Lender are cumulative and concurrent and the exercise of one right or remedy shall not be deemed a waiver or release of any other right or remedy.
Appears in 3 contracts
Samples: Continuing Unconditional Guaranty (United Development Funding III, LP), Continuing Unconditional Guaranty (United Development Funding III, LP), Continuing Unconditional Guaranty (United Development Funding III, LP)
Enforcement and Waiver by Lender. Lender shall have the right at all times to enforce the provisions of this Guaranty and the other Loan Documents in strict accordance with their respective terms, notwithstanding any conduct or custom on the part of Lender in refraining from so doing at any time or times. The failure of Lender at any time or times to enforce its rights under such provisions strictly in accordance with the same, shall not be construed as having created a custom or in any way or manner modified or waived the same. All rights and remedies of Lender are cumulative and concurrent and the exercise of one right or remedy shall not be deemed a waiver or release of any other right or remedy.
Appears in 1 contract
Samples: Continuing Unconditional Guaranty (United Development Funding III, LP)
Enforcement and Waiver by Lender. Lender shall have the right at all times to enforce the provisions of this Guaranty and the other Loan Documents in strict accordance with their its respective terms, notwithstanding any conduct or custom on the part of Lender in refraining from so doing at any time or times. The failure of Lender at any time or times to enforce its rights under such provisions strictly in accordance with the same, shall not be construed as having created a custom or in any way or manner modified or waived the same. All rights and remedies of Lender are cumulative and concurrent and the exercise of one right or remedy shall not be deemed a waiver or release of any other right or remedy.
Appears in 1 contract
Samples: Limited Guaranty (United Development Funding III, LP)