Common use of Condonation No Waiver of Subsequent Default Clause in Contracts

Condonation No Waiver of Subsequent Default. That any condonement, excusing or overlooking by the Lessor of any default or breach or non-observance by the Lessee at any time in respect of any covenant, proviso or condition herein contained shall not operate as a waiver of the Lessor's rights hereunder in respect of any subsequent default, breach or non-observance nor so as to defeat or affect in any way the rights of the Lessor hereunder in respect of any subsequent default, breach or non-observance.

Appears in 3 contracts

Sources: Lease Agreement (Miad Systems LTD), Lease Agreement (Miad Systems LTD), Lease (Miad Systems LTD)