Common use of Remedies for Breach; Effect of Waiver or Consent Clause in Contracts

Remedies for Breach; Effect of Waiver or Consent. A waiver or consent, express or implied, of or to any breach or default by any Person in the performance by that Person of his duties with respect to the Company is not a waiver of or consent to any other breach or default in the performance by that Person of the same or any other duties of that Person with respect to the Company. Failure on the part of a Person to complain of any act of any other Person or to declare any other Person in default with respect to the Company, irrespective of how long that failure continues, shall not constitute a waiver by that Person of its rights with respect to that default until the applicable statute of limitations period has run.

Remedies for Breach; Effect of Waiver or Consent. A waiver or consent, express or implied, of or to any breach or default by any Person in the performance by that Person of her/his duties with respect to the Company Partnership is not a consent to or waiver of or consent to any other breach or default in the performance by that Person of the same or any other duties of that Person with respect to the CompanyPartnership. Failure on the part of a Person to complain of any act of any other Person or to declare any other Person in default with respect to the CompanyPartnership, irrespective of how long that failure continues, shall not constitute a waiver by that Person of its rights with respect to that default until the applicable statute of limitations period has run.