Common use of Waivers and Extensions Clause in Contracts

Waivers and Extensions. (a) The Holder may waive default or any breach by the Corporation of any of the provisions contained in this Convertible Debenture. No waiver extends to a subsequent breach or default, whether or not the same as or similar to the breach or default waived, and no act or omission of the Holder extends to or is be taken in any manner to affect any subsequent breach or default of the Corporation or the rights of the Holder resulting therefrom. Any such waiver must be in writing and signed by the Holder to be effective. (b) The Holder may also grant extensions of time and other indulgences, take and give up securities, accept compositions, grant releases and discharges, and otherwise deal with the Corporation’s guarantors or sureties and others and with other securities as the Holder may see fit without prejudice to the liability of the Corporation to the Holder or the Holder’s rights, remedies and powers under this Convertible Debenture. No extension of time, forbearance, indulgence or other accommodation previously, now or subsequently given by the Holder to the Corporation operates as a waiver, alteration or amendment of the rights of the Holder or otherwise preclude the Holder from enforcing such rights.

Waivers and Extensions. (a) The Holder may waive default or any breach by the Corporation of any of the provisions contained in this Convertible Debenture. No waiver extends to a subsequent breach or default, whether or not the same as or similar to the breach or default waived, and no act or omission of the Holder extends to or is to be taken in any manner to affect any subsequent breach or default of the Corporation or the rights of the Holder resulting therefrom. Any such waiver must be in writing and signed by the Holder to be effective. (b) The Holder may also grant extensions of time and other indulgences, take and give up securities, accept compositions, grant releases and discharges, and otherwise deal with the Corporation’s guarantors or sureties and others and with other securities as the Holder may see fit without prejudice to the liability of the Corporation to the Holder or the Holder’s rights, remedies and powers under this Convertible Debenture. No extension of time, forbearance, indulgence indulgence, delay in exercise or enforcement or other accommodation previously, now or subsequently given by the Holder to the Corporation operates as a waiver, alteration or amendment of the rights of the Holder or otherwise preclude the Holder from enforcing such rightsrights previously, now or on any future occasion.