Advances Do Not Constitute a Waiver Clause Samples
The "Advances Do Not Constitute a Waiver" clause establishes that providing advances, such as payments or extensions, does not mean a party is relinquishing any of its contractual rights or remedies. In practice, this means that if one party allows an advance or makes a concession, it does not prevent them from enforcing the contract’s terms or pursuing remedies for breaches in the future. This clause is important because it preserves the enforcing party’s rights and prevents the other party from claiming that past leniency or advances have altered the original agreement or waived enforcement of its terms.
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Advances Do Not Constitute a Waiver. No advance of Loan proceeds hereunder shall constitute a waiver of any of the conditions of Lender's obligation to make further advances nor, in the event Borrower is unable to satisfy any such condition, shall any such advance have the effect of precluding Lender from thereafter declaring such inability to be an Event of Default hereunder.
Advances Do Not Constitute a Waiver. No Advance made hereunder shall constitute a waiver of any condition to any Lender’s obligation to make such an advance unless such waiver is in writing and executed by such Lender.
Advances Do Not Constitute a Waiver. No Loan made by Lender shall constitute a waiver of any of the conditions to Lender’s obligation to make further Loans nor, in the event the Borrower fails to satisfy any such condition, shall any such Loan have the effect of precluding Lender from thereafter declaring such failure to satisfy a condition to be an Event of Default.
Advances Do Not Constitute a Waiver. No advance of Loan proceeds hereunder shall constitute a waiver of any of the conditions of the City's obligation to make further advances nor, in the event the Borrower is unable to satisfy any such condition, shall any such advance have the effect of precluding the City from thereafter declaring such inability to be an Event of Default hereunder.
Advances Do Not Constitute a Waiver. No Advance shall constitute a waiver of any of the conditions of Lender's obligations to make further Advances nor, in the event Borrower is unable to satisfy any such condition, shall any such waiver have the effect of precluding Lender from thereafter declaring an Event of Default hereunder with respect to any such inability which shall constitute an Event of Default.
Advances Do Not Constitute a Waiver. No advance of Loan proceeds hereunder shall constitute a waiver of any of the conditions of the Lender's obligations to make further advances nor, in the event the Borrower is unable to satisfy any such condition, shall any such advance have the effect of precluding the Lender from thereafter declaring such inability to be an Event of Default hereunder.
Advances Do Not Constitute a Waiver. No Advance made by the Banks shall constitute a waiver of any of the conditions to the Banks' obligation to make further Advances nor, in the event the Borrower fails to satisfy any such condition, shall any such Advance have the effect of precluding the Banks from thereafter declaring such failure to satisfy a condition to be an Event of Default.
Advances Do Not Constitute a Waiver. No Advance made hereunder shall constitute a waiver of any condition to the Note Purchaser’s obligation to make such an advance unless such waiver is in writing and executed by the Note Purchaser.
Advances Do Not Constitute a Waiver. No Future Advance shall constitute a waiver of any of the conditions of Administrative Agent’s obligation to make further Future Advances, nor, in the event Borrower is unable to satisfy any such condition, shall any Future Advance have the effect of precluding Administrative Agent from thereafter declaring such inability to be an Event of Default hereunder.
Advances Do Not Constitute a Waiver. No Advance made by Agent and Lenders shall constitute a waiver of any of the conditions to the Lenders' obligation to make further Advances nor, in the event Borrower fails to satisfy any such condition, shall any such Advance have the effect of precluding Agent and Lenders from thereafter declaring such failure to satisfy a condition to be an Event of Default.