Common use of Reservation of Right Clause in Contracts

Reservation of Right. Party B’s rights under the contract do not affect or eliminate any rights enjoyed according to relevant laws, stipulations and other contracts. Any grace, forgiving, preference or postponed exercising of any contract rights aimed at the breach or delay cannot be taken as the abandonment of rights and interests under the contract or permission or approval of any breach of contract; besides, they do not affect, block or hinder the continuous exercising of the rights or exercising of any other rights and do not ask Party B to bear any responsibilities and obligations for Party A. Even if Party B fails to exercise or delays exercising of any rights under the main contract or fails to completely utilize any rescue operation under the main contract, Party A’s guaranty responsibilities under the contract can not be reduced or exempted; however, once Party B reduces or exempts the debts under the main contract, Party A’s guaranty responsibilities under the contract are reduced and exempted accordingly.

Appears in 10 contracts

Samples: Asia Green Agriculture Corp, Asia Green Agriculture Corp, Asia Green Agriculture Corp

AutoNDA by SimpleDocs

Reservation of Right. Party B’s rights under the contract do not affect or eliminate any rights enjoyed according to relevant laws, stipulations and other contracts. Any grace, forgiving, preference or postponed exercising of any contract rights aimed at the breach or delay cannot be taken as the abandonment of rights and interests under the contract or permission or approval of any breach of contract; besides, they do not affect, block or hinder the continuous exercising of the rights or exercising of any other rights and do not ask Party B to bear any responsibilities and obligations for Party A. Even if If Party B fails to exercise or delays exercising of any rights under the main contract Main Contract or fails to completely utilize any rescue operation under the main contractMain Contract, Party A’s guaranty responsibilities under the contract can not be reduced or exempted; however, once Party B reduces or exempts the debts under the main contractMain Contract, Party A’s guaranty responsibilities under the contract are reduced and exempted accordingly.

Appears in 2 contracts

Samples: Branch of China (Asia Green Agriculture Corp), Asia Green Agriculture Corp

Reservation of Right. Party B’s rights under the contract Contract do not affect or eliminate any rights enjoyed according to relevant laws, stipulations and other contracts. Any grace, forgiving, preference or postponed exercising of any contract rights aimed at the breach or delay cannot be taken as the abandonment of rights and interests under the contract Contract or permission or approval of any breach of contractthe Contract; besides, they do not affect, block or hinder the continuous exercising of the rights or exercising of any other rights and do not ask Party B to bear any responsibilities and obligations for Party A. Even if If Party B fails to exercise or delays exercising of any rights under the main contract Master Contract or fails to completely utilize any rescue operation under the main contractMaster Contract, Party A’s guaranty responsibilities under the contract Contract can not be reduced or exempted; however, once Party B reduces or exempts the debts under the main contractMaster Contract, Party A’s guaranty responsibilities under the contract Contract are reduced and exempted accordingly.

Appears in 1 contract

Samples: Asia Green Agriculture Corp

AutoNDA by SimpleDocs

Reservation of Right. Party B’s rights under the contract do not affect or eliminate any rights enjoyed according to relevant laws, stipulations and other contracts. Any grace, forgiving, preference or postponed exercising of any contract rights aimed at the breach or delay cannot be taken as the abandonment of rights and interests under the contract or permission or approval of any breach of contract; besides, they do not affect, block or hinder the continuous exercising of the rights or exercising of any other rights and do not ask Party B to bear any responsibilities and obligations for Party A. Even if Party B fails to exercise or delays the exercising of any rights under the main contract or fails to completely utilize any rescue operation recourse under the main contract, Party A’s guaranty responsibilities under the contract can not be reduced or exempted; however, once Party B reduces or exempts the debts under the main contract, Party A’s guaranty responsibilities under the contract are reduced and exempted accordingly.

Appears in 1 contract

Samples: Asia Green Agriculture Corp

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!