Common use of INDULGENCE GRANTED Clause in Contracts

INDULGENCE GRANTED. No waiver, neglect, delay or forbearance, whether passive or express, on the part of NAFA and/or the Bank to require and enforce payment of any monies under this Agreement or the performance and observance of any covenants in this Agreement nor the granting of any time by NAFA and/the Bank to the Borrower shall in any way prejudice or affect any rights, powers or remedies of NAFA and/or the Bank, nor will the NAFA and/or the Bank’s right be prejudice or waived in in respect of any other or subsequent breach of any of the covenants, undertakings, stipulations, terms and conditions aforesaid.