Common use of Waivers, Separate Actions by Bxxxx Clause in Contracts

Waivers, Separate Actions by Bxxxx. Any amendment or waiver effected in accordance with this Article VIII shall be binding upon Buyer and Seller; and Bxxxx’s failure to insist upon the strict performance of any term, condition or other provision of this Agreement or any of the Program Agreements, or of Buyer or Administrative Agent to exercise any right or remedy hereunder or thereunder, shall not constitute a waiver by Buyer or Administrative Agent of any such term, condition or other provision or Default or Event of Default in connection therewith, nor shall a single or partial exercise of any such right or remedy preclude any other or future exercise, or the exercise of any other right or remedy; and any waiver of any such term, condition or other provision or of any such Default or Event of Default shall not affect or alter this Agreement or any of the Program Agreements, and each and every term, condition and other provision of this Agreement and the Program Agreements shall, in such event, continue in full force and effect and shall be operative with respect to any other then existing or subsequent Default or Event of Default in connection therewith. An Event of Default hereunder or under any of the Program Agreements shall be deemed to be continuing unless and until waived in writing by Bxxxx.