Common use of Indulgences, Not Waivers Clause in Contracts

Indulgences, Not Waivers. Neither the failure nor any delay on the part of Lender to exercise any right, remedy, power or privilege hereunder shall operate as a waiver thereof or give rise to an estoppel, nor be construed as an agreement to modify the terms of this Agreement, nor shall any single or partial exercise of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver by a party hereunder shall be effective unless it is in writing and signed by the party making such waiver, and then only to the extent specifically stated in such writing.

Appears in 5 contracts

Samples: Debt Subordination Agreement (SMF Energy Corp), Loan and Security Agreement (Color Imaging Inc), Subordination Agreement (Velocity Asset Management Inc)

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Indulgences, Not Waivers. Neither the failure nor any delay on the part of Senior Lender to exercise any right, remedy, power or privilege hereunder shall operate as a waiver thereof or give rise to an estoppel, nor be construed as an agreement to modify the terms of this Agreement, nor shall any single or partial exercise of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver by a party hereunder shall be effective unless it is in writing and signed by the party making such waiver, and then only to the extent specifically stated in such writing.

Appears in 5 contracts

Samples: Loan and Security Agreement (Max International Inc), Subordination Agreement (General Finance CORP), Subordination and Intercreditor Agreement (CPS Systems Inc)

Indulgences, Not Waivers. Neither the failure nor any delay on the part ----------------------- of Lender the Bank to exercise any right, remedy, power power, or privilege hereunder shall operate as a waiver thereof or give rise to an estoppel, nor be construed as an agreement to modify the terms of this Agreement, nor shall any single or partial exercise of any right, remedy, power power, or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver by a party hereunder shall be effective unless it is in writing and signed by the party making such waiver, and then only to the extent specifically stated in such writing.

Appears in 3 contracts

Samples: Subordination Agreement (Information Management Associates Inc), Subordination Agreement (Information Management Associates Inc), Subordination Agreement (Information Management Associates Inc)

Indulgences, Not Waivers. Neither the failure nor any delay ----------------------- on the part of the Lender to exercise any right, remedy, power or privilege hereunder shall operate as a waiver thereof or give rise to an estoppel, nor be construed as an agreement to modify the terms of this Agreement, nor shall any single or partial exercise of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver by a party hereunder shall be effective unless it is in writing and signed by the party making such waiver, and then only to the extent specifically stated in such writing.

Appears in 3 contracts

Samples: Subordination Agreement (Marriott Diversified American Hotels L P), Subordination Agreement (Marriott Diversified American Hotels L P), Subordination Agreement (Marriott Diversified American Hotels L P)

Indulgences, Not Waivers. Neither the failure nor any delay on the part of Lender Senior Creditor to exercise any right, remedy, power or privilege hereunder shall operate as a waiver thereof or give rise to an estoppel, nor be construed as an agreement to modify the terms of this Agreement, nor shall any single or partial exercise of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver by a party hereunder shall be effective unless it is in writing and signed by the party making such waiver, and then only to the extent specifically stated in such writing.

Appears in 2 contracts

Samples: Debt Subordination Agreement (Atlantic Premium Brands LTD), Loan Agreement (Imatron Inc)

Indulgences, Not Waivers. Neither the failure nor any delay on the part of Lender the Secured Parties to exercise any right, remedy, power or privilege hereunder shall operate as a waiver thereof or give rise to an estoppel, nor be construed as an agreement to modify the terms of this AgreementNote, nor shall any single or partial exercise of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver by a party hereunder shall be effective unless it is in writing and signed by the party making such waiver, and then only to the extent specifically stated in such writing.

Appears in 2 contracts

Samples: CityCenter Holdings, LLC, CityCenter Holdings, LLC

Indulgences, Not Waivers. Neither the failure nor any delay on the part of Lender any party to exercise any right, remedy, power or privilege hereunder shall operate as a waiver thereof or give rise to an estoppel, nor be construed as an agreement to modify the terms of this Agreement, nor shall any single or partial exercise of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver by a any party hereunder shall be effective unless it is in writing and signed by the party making such waiver, and then only to the extent specifically stated in such writing.

Appears in 2 contracts

Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (PNA Group Holding CORP)

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Indulgences, Not Waivers. Neither the failure nor any delay on the part of Lender any Senior Creditor to exercise any right, remedy, power or privilege hereunder shall operate as a waiver thereof or give rise to an estoppel, nor be construed as an agreement to modify the terms of this Agreement, nor shall any single or partial exercise of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver by a party hereunder shall be effective unless it is in writing and signed by the party making such waiver, and then only to the extent specifically stated in such writing.

Appears in 1 contract

Samples: Subordination Agreement (Artistdirect Inc)

Indulgences, Not Waivers. Neither the failure nor any delay on the part of Lender Senior Creditor to exercise any right, remedy, power or privilege hereunder shall operate as a waiver thereof or give rise to an estoppel, nor be construed as an agreement to modify the terms of this Agreement, nor shall any single or partial exercise of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver by a party hereunder shall be effective unless it is in writing and signed by the party making snaking such waiver, and then only to the extent specifically stated in such writing.

Appears in 1 contract

Samples: Loan Agreement (Imatron Inc)

Indulgences, Not Waivers. Neither the failure nor any delay on the part of Lender to exercise any right, remedy, power or privilege hereunder shall operate as a waiver thereof or give rise to an estoppel, nor or be construed as an agreement to modify the terms of this Agreement, nor shall any single or partial exercise of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver by a party hereunder shall be effective unless it is in writing and signed by the party making such waiver, and then only to the extent specifically stated in such writing.

Appears in 1 contract

Samples: Debt Subordination Agreement (TFC Enterprises Inc)

Indulgences, Not Waivers. Neither the failure nor any delay on the part of Senior Lender to exercise any right, remedy, power or privilege hereunder shall operate as a waiver thereof or give rise to an an. estoppel, nor be construed as an agreement to modify the terms of this Agreement, nor shall any single or partial exercise of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver by a party hereunder shall be effective unless it is in writing and signed by the party making such waiver, and then only to the extent specifically stated in such writing.

Appears in 1 contract

Samples: Subordination and Standstill Agreement (Espos Inc)

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