Common use of Severability; Waivers Clause in Contracts

Severability; Waivers. If any part of this Agreement is not enforceable, the rest of this Agreement may be enforced. Each Lender retains all rights, even if it makes a Loan after Default. If the Required Lenders waive a Default, they may enforce a later Default. Any consent or waiver under this Agreement must be in writing.

Appears in 2 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement (Solarcity Corp)

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Severability; Waivers. If any part of this Agreement is not enforceable, the rest of this the Agreement may be enforced. Each The Lender retains all rights, even if it makes a Loan loan after Default. If the Required Lenders waive Lender waives a Default, they it may enforce a later Default. Any consent or waiver under this Agreement must be in writing.

Appears in 2 contracts

Samples: Loan Agreement (Energy 11, L.P.), Loan Agreement (Globetrac Inc)

Severability; Waivers. If any part of this Agreement is not enforceable, the rest of this the Agreement may be enforced. Each Lender retains all rights, even if it makes a Loan loan after a Default. If the Required Lenders waive Lender waives a Default or Event of Default, they it may enforce a later Defaultone. Any consent or waiver under this Agreement must be in writing.

Appears in 1 contract

Samples: Loan Agreement (Xeta Technologies Inc)

Severability; Waivers. If any part of this Agreement is not enforceable, the rest of this the Agreement may be enforced. Each The Lender retains all rights, even if it makes a Loan loan after Defaultdefault. If the Required Lenders waive Lender waives a Defaultdefault, they it may enforce a later Defaultdefault. Any consent or waiver under this Agreement must be in writingwilting.

Appears in 1 contract

Samples: Revolving Credit Agreement (Puradyn Filter Technologies Inc)

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Severability; Waivers. If any part of this Agreement is not enforceable, the rest of this the Agreement may be enforced. Each Lender retains all rights, even if it makes a Loan after Default. If the Required Lenders waive Lender waives a Defaultdefault, they it may enforce a later Defaultdefault. Any consent or waiver under this Agreement must be in writing.

Appears in 1 contract

Samples: Loan Agreement (Greystone Logistics, Inc.)

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