Common use of Failure to Act Not a Waiver Clause in Contracts

Failure to Act Not a Waiver. Neither the failure nor any delay on the part of either party to exercise any right, power or privilege under this Agreement or the Note issued hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege preclude any further exercise of such right, power or privilege or any exercise of any other right, power or privilege.

Appears in 9 contracts

Samples: Master Transaction Agreement, Intercompany Loan Agreement, Intercompany Loan Agreement

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Failure to Act Not a Waiver. Neither the failure nor any delay on the part of either party the Intercompany Lender to exercise any right, power or privilege under this Agreement or the Note issued hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege preclude any further exercise of such right, power or privilege or any exercise of any other right, power or privilege.

Appears in 4 contracts

Samples: Security Agreement (Springleaf Finance Corp), Security Agreement (Springleaf Finance Inc), Credit Agreement (American General Finance Corp)

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