No Waiver By Note Holder. Even if, at a time when Borrower is in default, the Note Holder does not require Borrower to pay immediately in full as described above, the Note Holder will still have the right to do so if Borrower is in default at a later time.
Appears in 3 contracts
Samples: Ship Program Funding Agreement, Promissory Note, Promissory Note
No Waiver By Note Holder. Even if, at a time when Borrower is in default, the Note Holder does not require Borrower to pay immediately in full as described above, the Note Holder will still have the right to do so if Borrower remains in default or is in default at a later time.
Appears in 1 contract
Samples: Loan Note (SPX Corp)
