Common use of Grace Clause in Contracts

Grace. If Creditor allows any grace or suspends to take measures for Client’s any default or other acts, such grace or suspension shall not impair, affect or limit any and all rights or interest of Creditor by law or as a Creditor under this Agreement, and also constitute neither acceptance of Client’s default to this Agreement, nor waive by Creditor to take actions against Client’s current or future default.

Appears in 6 contracts

Samples: Credit Line Agreement (Neophotonics Corp), Credit Line Agreement (Neophotonics Corp), Credit Line Agreement (Neophotonics Corp)

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