WAIVER AND MODIFICATION definition
WAIVER AND MODIFICATION. No failure on the Bank's part to exercise, and no delay in exercising, any right, power or remedy under this letter agreement or the Note or the Pledge Agreement shall operate as a waiver thereof. No modification or waiver of any provision of this letter Basic Petroleum International Limited Page 6 July 14, 1997 agreement or the Note shall be effective unless it is in writing and signed by the Bank.
Examples of WAIVER AND MODIFICATION in a sentence
TERMINATION, AMENDMENT, WAIVER AND MODIFICATION..................
THIS NOTE WAS ISSUED PURSUANT TO A LOAN AND SECURITY AGREEMENT BETWEEN MAKER AND HOLDER DATED AS OF JULY 17, 2013 (THE “LOAN AGREEMENT”), WAS AMENDED AND RESTATED ON DECEMBER 31, 2013 IN CONNECTION WITH THAT CERTAIN FORBEARANCE, WAIVER AND MODIFICATION NO.