Common use of Section Effect of Waiver Clause in Contracts

Section Effect of Waiver. No consent or waiver, express or implied, by Agent, Issuing Bank or any Lender to or for any breach of or deviation from any covenant, condition or duty by any Borrower shall be deemed a consent or waiver to or of any other breach of the same or any other covenant, condition or duty.

Appears in 4 contracts

Samples: Loan Agreement (Horizon Offshore Inc), Exim Guaranteed Loan Agreement (Horizon Offshore Inc), Exim Guaranteed Loan Agreement (Horizon Offshore Inc)

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Section Effect of Waiver. No consent or waiver, express or implied, by Agent, Issuing Bank or any Lender to or for any breach of or deviation from any covenant, condition or duty by any Borrower under this Amendment shall be deemed a consent or waiver to or of any other breach of the same or any other covenant, condition or duty.

Appears in 2 contracts

Samples: Loan Agreement (Oyo Geospace Corp), Loan Agreement (Oyo Geospace Corp)

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Section Effect of Waiver. No consent or waiver, express or implied, by Agent, Issuing Bank or any Lender to or for any breach of or deviation from any covenant, condition or duty by any Borrower under this Amendment shall be deemed a consent or waiver to or of any other breach of the same or any other covenant, condition or duty. Section Headings. The headings, captions, and arrangements used in this Amendment are for convenience only and shall not affect the interpretation of this Amendment.

Appears in 1 contract

Samples: Loan Agreement (Oyo Geospace Corp)

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