Common use of No Waiver of Rights by the Banks Clause in Contracts

No Waiver of Rights by the Banks. No failure on the part of the Agent or of any Bank to exercise, and no delay in exercising, any right or remedy hereunder or under the Notes shall operate as a waiver thereof, except as provided in paragraph 13, nor shall any single or partial exercise by the Agent or any Bank of any right, remedy or power hereunder or under the Notes preclude any other or future exercise thereof, or the exercise of any other right, remedy or power. The rights, remedies and powers provided herein and in the Notes are cumulative and not exclusive of any other rights, remedies or powers which the Agent or the Banks or any holder of a Note would otherwise have. Notice to or demand on the Company in any circumstance in which the terms of this Agreement or the Notes do not require notice or demand to be given shall not entitle the Company to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the Agent or any Bank or the holder of any Note to take any other or further action in any circumstances without notice or demand.

Appears in 2 contracts

Samples: Credit Agreement (Green Mountain Power Corp), Credit Agreement (Green Mountain Power Corp)

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No Waiver of Rights by the Banks. No failure on the part of the Administrative Agent or of any Bank to exercise, and no delay in exercising, any right or remedy hereunder or under the Notes Credit Documents shall operate as a waiver thereof, except as provided in paragraph 13Section 17, nor shall any single or partial exercise by the Administrative Agent or any Bank of any right, remedy or power hereunder or under the Notes thereunder preclude any other or future exercise thereof, or the exercise of any other right, remedy or power. The rights, remedies and powers provided herein and in the Notes Credit Documents are cumulative and not exclusive of any other rights, remedies or powers which the Administrative Agent or the Banks or any holder of a Note Credit Document would otherwise have. Notice to or demand on the Company in any circumstance in which the terms of this Agreement or the Notes Credit Documents do not require notice or demand to be given shall not entitle the Company to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the Administrative Agent or any Bank or the holder of any Note Credit Document to take any other or further action in any circumstances without notice or demand.

Appears in 2 contracts

Samples: Credit Agreement (Ibp Inc), Multi Year Credit Agreement (Ibp Inc)

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No Waiver of Rights by the Banks. No failure on the part of the Agent or of any Bank to exercise, and no delay in exercising, any right or remedy hereunder or under the Notes shall operate as a waiver thereof, except as provided in paragraph Section 13, nor shall any single or partial exercise by the Agent or any Bank of any right, remedy or power hereunder or under the Notes preclude any other or future exercise thereof, or the exercise of any other right, remedy or power. The rights, remedies and powers provided herein and in the Notes are cumulative and not exclusive of any other rights, remedies or powers which the Agent or the Banks or any holder of a Note would otherwise have. Notice to or demand on the Company in any circumstance in which the terms of this Agreement or the Notes do not require notice or demand to be given shall not entitle the Company to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the Agent or any Bank or the holder of any Note to take any other or further action in any circumstances without notice or demand.

Appears in 1 contract

Samples: Credit Agreement (Green Mountain Power Corp)

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