Common use of Waiver and Release Clause in Contracts

Waiver and Release. No waiver by Xxxxxx, whether express or implied, of any default shall operate as a waiver of any other default or of the same default on a future occasion. The rights granted Lender herein may be exercised cumulatively or individually without prejudice to any right, which Lender may have at law or equity. Any failure by Lender to enforce or require strict adherence to any of the terms or conditions of this Agreement shall not constitute a waiver by Lender of a breach of any of the other terms or conditions of this Agreement. The Borrowers and other parties to this transaction (except the Lender), and each of them, including principal, surety, guarantor or endorser, agree to be jointly and severally bound and, further, waive demand, protest, and notice of demand, or nonpayment, and agree that the liability of each shall be unconditional without regard to the liability of any other party and shall not be affected by any indulgence, extension, renewal, waiver, release of any party, or of any Collateral, or other modifications granted or consented to by the Lender.

Appears in 15 contracts

Samples: Security Agreement, Loan Agreement, Security Agreement

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Waiver and Release. No waiver by XxxxxxLender, whether express or implied, of any default shall operate as a waiver of any other default or of the same default on a future occasion. The rights granted Lender herein may be exercised cumulatively or individually without prejudice to any right, right which Lender may have at law or equity. Any failure by Lender to enforce or require strict adherence to any of the terms or conditions of this Agreement agreement shall not constitute a waiver by Lender of a breach of any of the other terms or conditions of this the Agreement. The Borrowers and other parties to this transaction (except the Lender), and each of them, including principal, surety, guarantor or endorser, agree to be jointly and severally bound and, further, waive demand, protest, and notice of demand, protest, or nonpayment, and agree that the liability of each shall be unconditional without regard to the liability of any other party and shall not be affected by any indulgence, extension, renewal, waiver, release of any party, party or of any Collateral, or other modifications granted or consented to by the Lender. 8.

Appears in 8 contracts

Samples: Conditional Line of Credit/Loan Application and Note/Security Agreement, Loan Agreement, Loan Agreement

Waiver and Release. No waiver by Xxxxxx, whether express or implied, of any default shall operate as a waiver of any other default or of the same default on a future occasion. The rights granted Lender herein may be exercised cumulatively or individually without prejudice to any right, right which Lender may have at law or equity. Any failure by Lender to enforce or require strict adherence to any of the terms or conditions of this Agreement agreement shall not constitute a waiver by Lender of a breach of any of the other terms or conditions of this the Agreement. The Borrowers and other parties to this transaction (except the Lender), and each of them, including principal, surety, guarantor or endorser, agree to be jointly and severally bound and, further, waive demand, protest, and notice of demand, protest, or nonpayment, and agree that the liability of each shall be unconditional without regard to the liability of any other party and shall not be affected by any indulgence, extension, renewal, waiver, release of any party, party or of any Collateral, or other modifications granted or consented to by the Lender. 8.

Appears in 6 contracts

Samples: Conditional Line of Credit/Loan Application and Note/Security Agreement, Conditional Line of Credit/Loan Application and Note/Security Agreement, Conditional Line of Credit/Loan Application and Note/Security Agreement

Waiver and Release. No waiver by XxxxxxLender, whether express or implied, of any default shall operate as a waiver of any other default or of the same default on a future occasion. The rights granted Lender herein may be exercised cumulatively or individually without prejudice to any right, right which Lender may have at law or equity. Any failure by Lender to enforce or require strict adherence to any of the terms or conditions of this Agreement agreement shall not constitute a waiver by Lender of a breach of any of the other terms or conditions of this the Agreement. The Borrowers and other parties to this transaction (except the Lender), and each of them, including principal, surety, guarantor or endorser, agree to be jointly and severally bound and, further, waive demand, protest, and notice of demand, protest, or nonpayment, and agree that the liability of each shall be unconditional without regard to the liability of any other party and shall not be affected by any indulgence, extension, renewal, waiver, release of any party, party or of any Collateral, or other modifications granted or consented to by the Lender.

Appears in 5 contracts

Samples: Crop Loan Application and Note/Security Agreement, Crop Loan Application and Note/Security Agreement, Loan Agreement

Waiver and Release. No waiver by Xxxxxx, whether express or implied, of any default shall operate as a waiver of any other default or of the same default on a future occasion. The rights granted Lender herein may be exercised cumulatively or individually without prejudice to any right, right which Lender may have at law or equity. Any failure by Lender to enforce or require strict adherence to any of the terms or conditions of this Agreement agreement shall not constitute a waiver by Lender of a breach of any of the other terms or conditions of this the Agreement. The Borrowers Borrower and other parties to this transaction (except the Lender), and each of them, including principal, surety, guarantor or endorser, agree to be jointly and severally bound and, further, waive demand, protest, and notice of demand, protest, or nonpayment, and agree that the liability of each shall be unconditional without regard to the liability of any other party and shall not be affected by any indulgence, extension, renewal, waiver, release of any party, party or of any Collateral, or other modifications granted or consented to by the Lender. 8.

Appears in 3 contracts

Samples: Conditional Line of Credit/Loan Application and Note/Security Agreement, Conditional Line of Credit/Loan Application and Note/Security Agreement, Conditional Line of Credit/Loan Application and Note/Security Agreement

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Waiver and Release. No waiver by Xxxxxx, whether express or implied, of any default shall operate as a waiver of any other default or of the same default on a future occasion. The rights granted Lender herein may be exercised cumulatively or individually without prejudice to any right, right which Lender may have at law or equity. Any failure by Lender to enforce or require strict adherence to any of the terms or conditions of this Agreement agreement shall not constitute a waiver by Lender of a breach of any of the other terms or conditions of this the Agreement. The Borrowers and other parties to this transaction (except the Lender), and each of them, including principal, surety, guarantor or endorser, agree to be jointly and severally bound and, further, waive demand, protest, and notice of demand, protest, or nonpayment, and agree that the liability of each shall be unconditional without regard to the liability of any other party and shall not be affected by any indulgence, extension, renewal, waiver, release of any party, party or of any Collateral, or other modifications granted or consented to by the Lender.

Appears in 2 contracts

Samples: Loan Agreement, Crop Loan Application, Note & Security Agreement

Waiver and Release. No waiver by Xxxxxx, whether express or implied, of any default shall operate as a waiver of any other default or of the same default on a future occasion. The rights granted Lender herein may be exercised cumulatively or individually without prejudice to any right, right which Lender may have at law or equity. Any failure by Lender to enforce or require strict adherence to any of the terms or conditions of this Agreement agreement shall not constitute a waiver by Lender of a breach of any of the other terms or conditions of this the Agreement. The Borrowers and other parties to this transaction (except the Lender), and each of them, including principal, surety, guarantor or endorser, agree to be jointly and severally bound and, further, waive demand, protest, and notice of demand, protest, or nonpayment, and agree that the liability of each shall be unconditional without regard to the liability of any other party and shall not be affected by any indulgence, extension, renewal, waiver, release of any party, party or of any Collateral, or other modifications granted or consented to by the Lender. 6.

Appears in 1 contract

Samples: Crop Loan Application and Note/Security Agreement

Waiver and Release. No waiver by XxxxxxLender, whether express or implied, of any default shall operate as a waiver of any other default or of the same default on a future occasion. The rights granted Lender herein may be exercised cumulatively or individually without prejudice to any right, right which Lender may have at law or equity. Any failure by Lender to enforce or require strict adherence to any of the terms or conditions of this Agreement agreement shall not constitute a waiver by Lender of a breach of any of the other terms or conditions of this the Agreement. The Borrowers and other parties to this transaction (except the Lender), and each of them, including principal, surety, guarantor or endorser, agree to be jointly and severally bound and, further, waive demand, protest, and notice of demand, protest, or nonpayment, and agree that the liability of each shall be unconditional without regard to the liability of any other party and shall not be affected by any indulgence, extension, renewal, waiver, release of any party, party or of any Collateral, or other modifications granted or consented to by the Lender. 6.

Appears in 1 contract

Samples: Crop Loan Application and Note/Security Agreement

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