Common use of No Waiver By Note Holder Clause in Contracts

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.

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.