No Obligation to Extend; No Waiver. Borrower acknowledges and agrees that Lenderis not obligated and does not agree to any additional extensions of the New Maturity Date or any further Waivers except as expressly set forth herein. Except as expressly provided herein as to the New Maturity Date and the Waivers, (i) this Agreement shall not constitute a waiver by Lender of any defaults under the Loan Documents, (ii) Lender reserves all of its rights and remedies under the other Loan Documents, and (iii) all of the Loan Documents are in all respects confirmed, ratified and approved and are in full force and affect as of the date hereof. No action or course of dealing on the part of Lender, its officers, employees, consultants, or agents, nor any failure or delay by Lender with respect to exercising any right, power or privilege of Lender under the Loan Documents or this Agreement, shall operate as a waiver thereof, except to the extent expressly provided herein.
Appears in 3 contracts
Samples: Modification Agreement (Vineyard National Bancorp), Modification Agreement (Vineyard National Bancorp), Modification Agreement (Vineyard National Bancorp)
No Obligation to Extend; No Waiver. Borrower acknowledges and agrees that Lenderis Lender is not obligated and does not agree to any additional extensions of the New Maturity Date or any further Waivers except as expressly set forth herein. Except as expressly provided herein as to the New Maturity Date and the Waivers, (i) this Agreement shall not constitute a waiver by Lender of any defaults under the Loan Documents, (ii) Lender reserves all of its rights and remedies under the other Loan Documents, and (iii) all of the Loan Documents are in all respects confirmed, ratified and approved and are in full force and affect as of the date hereof. No action or course of dealing on the part of Lender, its officers, employees, consultants, or agents, nor any failure or delay by Lender with respect to exercising any right, power or privilege of Lender under the Loan Documents or this Agreement, shall operate as a waiver thereof, except to the extent expressly provided herein.
Appears in 3 contracts
Samples: Modification Agreement (Vineyard National Bancorp), Modification Agreement (Vineyard National Bancorp), Modification Agreement (Vineyard National Bancorp)