Common use of No Waiver or Election of Remedies Clause in Contracts

No Waiver or Election of Remedies. No delay or omission of Landlord to exercise any right or power accruing upon the occurrence and during the continuance of any Tenant Event of Default shall impair any other or subsequent Tenant Event of Default or impair any rights or remedies consequent thereto unless such Tenant Event of Default is cured. Except with respect to the exclusivity of certain remedies as provided in Sections 23.2(a) and (b), every power and remedy given by this Section to Landlord may be exercised from time-to-time, and as often as may be deemed expedient, by Landlord, subject at all times to Landlord’s right to change any course of action undertaken by Landlord. Landlord hereby irrevocably waives and releases any and all rights and remedies with respect to any Tenant Event of Default other than as expressly granted in this Section 23.2 provided, however, that this sentence shall not be deemed to prohibit collection by Landlord of Base Rent and Additional Rent which has accrued or arisen during the Term, including indemnification claims which arose during the Term pursuant to Sections 21.1 and 22.3, but without duplication of any amounts for which Landlord seeks damages or indemnification under this Lease

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Energy XXI LTD), Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.), Lease Agreement (CorEnergy Infrastructure Trust, Inc.)

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No Waiver or Election of Remedies. No delay or omission of Landlord Lessor to exercise any right or power accruing upon the occurrence and during the continuance of any Tenant Lessee Event of Default shall impair any other or subsequent Tenant Lessee Event of Default or impair any rights or remedies consequent thereto unless such Tenant Lessee Event of Default is cured. Except with respect to the exclusivity of certain remedies as provided in Sections 23.2(a) and (b), every power and remedy given by this Section to Landlord Lessor may be exercised from time-to-time, and as often as may be deemed expedient, by LandlordLessor, subject at all times to LandlordLessor’s right to change any course of action undertaken by LandlordLessor. Landlord Lessor hereby irrevocably waives and releases any and all rights and remedies with respect to any Tenant Lessee Event of Default other than as expressly granted in this Section 23.2 provided, however, that this sentence shall not be deemed to prohibit collection by Landlord Lessor of Base Rent and Additional Rent which has accrued or arisen during the Term, including indemnification claims which arose during the Term pursuant to Sections 21.1 and 22.3, but without duplication of any amounts for which Landlord Lessor seeks damages or indemnification under this Lease

Appears in 1 contract

Samples: Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.)

No Waiver or Election of Remedies. No delay or omission of Landlord to exercise any right or power accruing upon the occurrence and during the continuance of any Tenant Event of Default shall impair any other or subsequent Tenant Event of Default or impair any rights or remedies consequent thereto unless such Tenant Event of Default is cured. Except with respect to the exclusivity of certain remedies as provided in Sections 23.2(a) and (b)) , every power and remedy given by this Section to Landlord may be exercised from time-to-time, and as often as may be deemed expedient, by Landlord, subject at all times to Landlord’s right to change any course of action undertaken by Landlord. Landlord hereby irrevocably waives and releases any and all rights and remedies with respect to any Tenant Event of Default other than as expressly granted in this Section 23.2 providedprovided , howeverhowever , that this sentence shall not be deemed to prohibit collection by Landlord of Base Rent and Additional Rent which has accrued or arisen during the Term, including indemnification claims which arose during the Term pursuant to Sections 21.1 and 22.322.3 , but without duplication of any amounts for which Landlord seeks damages or indemnification under this Lease

Appears in 1 contract

Samples: Lease Agreement (Energy XXI LTD)

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No Waiver or Election of Remedies. No delay or omission of Landlord Lessor to exercise any right or power accruing upon the occurrence and during the continuance of any Tenant Lessee Event of Default shall impair any other or subsequent Tenant Lessee Event of Default or impair any rights or remedies consequent thereto unless such Tenant Lessee Event of Default is cured. Except with respect to the exclusivity of certain remedies as provided in Sections 23.2(a) and (b), every power and remedy given by this Section to Landlord Lessor may be exercised from time-to-time, and as often as may be deemed expedient, by LandlordLessor, subject at all times to LandlordLessor’s right to change any course of action undertaken by LandlordLessor. Landlord Lessor hereby irrevocably waives and releases any and all rights and remedies with respect to any Tenant Lessee Event of Default other than as expressly granted in this Section 23.2 provided, however, that this sentence shall not be deemed to prohibit collection by Landlord Lessor of Base Rent and Additional Rent which has accrued or arisen during the Term, including indemnification claims which arose during the Term pursuant to Sections 21.1 and 22.3, but without duplication of any amounts for which Landlord Lessor seeks damages or indemnification under this Lease.

Appears in 1 contract

Samples: Lease Agreement (CorEnergy Infrastructure Trust, Inc.)

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