Common use of No Waiver by Course of Conduct Clause in Contracts

No Waiver by Course of Conduct. Neither the Corporate Trustee nor any Secured Party shall by any act (except by a written instrument pursuant to subsection 15.1 hereof), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced with respect to any Notice of Enforcement. No failure to exercise, nor any delay in exercising, on the part of the Corporate Trustee or any Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Corporate Trustee or any Secured Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which the Corporate Trustee or such Secured Party would otherwise have on any future occasion.

Appears in 4 contracts

Samples: Borrower Security Agreement (Sprint Spectrum Finance Corp), Borrower Security Agreement (Sprint Spectrum L P), Subsidiary Security Agreement (Sprint Spectrum Finance Corp)

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No Waiver by Course of Conduct. Neither the Corporate Trustee nor any No Secured Party shall by any act (except by a written instrument pursuant to subsection 15.1 hereofSection 8.1 hereof and Section 6.6((b) of the Credit Agreement), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced with respect to in any Notice Default or Event of EnforcementDefault. No failure to exercise, nor any delay in exercising, on the part of the Corporate Trustee or any Secured Party, any right, power or privilege hereunder or any other Loan Document shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder or any other Loan Document shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Corporate Trustee or any Secured Party of any right or remedy hereunder or any other Loan Document on any one occasion shall not be construed as a bar to any right or remedy which the Corporate Trustee or that such Secured Party would otherwise have on any future occasion.

Appears in 3 contracts

Samples: Guaranty and Security Agreement, Guaranty and Security Agreement (Aerie Pharmaceuticals Inc), Guaranty and Security Agreement (Aerie Pharmaceuticals Inc)

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No Waiver by Course of Conduct. Neither the Corporate Trustee Administrative Agent nor any Secured Party shall by any act (except by a written instrument pursuant to subsection 15.1 hereof), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced with respect to in any Notice Default or Event of EnforcementDefault. No failure to exercise, nor any delay in exercising, on the part of the Corporate Trustee Administrative Agent or any Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Corporate Trustee Administrative Agent or any Secured Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy which the Corporate Trustee Administrative Agent or such Secured Party would otherwise have on any future occasion.

Appears in 2 contracts

Samples: Credit Agreement (Avis Rent a Car Inc), Security Agreement (Avis Rent a Car Inc)

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