Common use of Non-Waiver; Modification; etc Clause in Contracts

Non-Waiver; Modification; etc. Neither any failure nor any delay on the part of the Lender in exercising any right, power or privilege under this agreement shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise or the exercise of any other right, power or privilege. No modification, amendment or waiver of any provision of this agreement, and no consent to any departure by the Borrower therefrom, shall be effective unless the same shall be in writing and signed by the Lender, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on the Borrower in any case shall entitle the Borrower to any other or further notice or demand in the same, similar or other circumstances.

Appears in 2 contracts

Samples: Security Agreement (Surgical Laser Technologies Inc /De/), Security Agreement (Photomedex Inc)

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Non-Waiver; Modification; etc. Neither any failure nor any delay on the part of the Lender in exercising any right, power or privilege under this agreement shall operate as a waiver wavier thereof, nor shall a single or partial exercise thereof preclude any other or further exercise or the exercise of any other right, power or privilege. No modification, amendment or waiver wavier of any provision of this agreement, and no consent to any departure by the Borrower therefrom, shall be effective unless the same shall be in writing and signed by the Lender, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice to or demand on the Borrower in any case shall entitle the Borrower to any other or further notice or demand in the same, similar or other circumstances.

Appears in 2 contracts

Samples: Security Agreement (Aerosonic Corp /De/), Security Agreement (Aerosonic Corp /De/)

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