Common use of Extensions; Waiver Clause in Contracts

Extensions; Waiver. At any time prior to the Effective Time, each of the parties hereto, by action taken or authorized by its Board of Directors, may, to the extent legally allowed, (a) extend the time for the performance of any of the obligations or other acts of the other party hereto, (b) waive any inaccuracies in the representations and warranties of the other party contained herein or in any document delivered pursuant hereto and (c) waive compliance with any of the agreements or conditions of the other party contained herein. Any agreement on the part of a party hereto to any such extension or waiver shall be valid only if set forth in a written instrument signed on behalf of such party, but such extension or waiver or failure to insist on strict compliance with an obligation, covenant, agreement or condition shall not operate as a waiver of, or estoppel with respect to, any subsequent or other failure.

Extensions; Waiver. At any time prior to the Effective Time, each of the parties hereto, by action taken or authorized by its Board of Directors, party may, to the extent legally allowed, (a) extend the time for the performance of any of the obligations or other acts of the other party parties hereto, (b) waive any inaccuracies in the representations and warranties of the other made to such party contained herein or in any document delivered pursuant hereto and (c) waive compliance with any of the agreements or conditions for the benefit of the other such party contained herein. Any agreement on the part of a party hereto to any such extension or waiver shall be valid only if set forth in a written an instrument in writing signed on behalf of such party, but such extension or . The waiver or failure to insist on strict compliance with an obligation, covenant, agreement or condition by any party hereto of a breach of any provision hereunder shall not operate or be construed as a waiver of, of any prior or estoppel with respect to, subsequent breach of the same or any subsequent or other failureprovision hereunder.