Common use of Waiver by the Secured Party Clause in Contracts

Waiver by the Secured Party. Any and all covenants in this Security Agreement may from time to time by instrument in writing signed by the Secured Party be waived to such extent and in such manner as the Secured Party may desire, but no such waiver shall ever affect or impair the Secured Party’s rights or liens hereunder, except to the extent specifically stated in such written instrument.

Appears in 3 contracts

Samples: Note Agreement (US Capital Global Lending LLC), Note Agreement (US Capital Global Lending LLC), Security Agreement (AeroGrow International, Inc.)

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Waiver by the Secured Party. Any and all covenants in this Security Agreement may from time to time by instrument in writing signed by the Secured Party be waived to such extent and in such manner as the Secured Party may desire, but no such waiver shall ever affect or impair the Secured Party’s rights or liens hereunder, except to the extent specifically stated in such written instrument.

Appears in 1 contract

Samples: Security and Hypothecation Agreement (Global Casinos Inc)

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