Common use of Temporary Waivers Clause in Contracts

Temporary Waivers. The conditions specified in clauses 4.1 and 4.2 are inserted for the sole benefit of the Lessor and may be waived in whole or in part and with or without conditions by the Lessor provided always that if any of the said conditions are outstanding after Delivery then, unless the Lessor shall have given a specific written waiver or deferral in respect thereof, the Lessee shall ensure that each such outstanding condition is fulfilled within thirty (30) days of the Delivery Date and provided further that the Lessor shall be entitled to treat the failure of the Lessee to perform such outstanding conditions within such period of thirty (30) days as a Termination Event and as a repudiatory breach of this Lease by the Lessee.