Common use of Deferral Right Clause in Contracts

Deferral Right. From and after January 2, 2012, the Holder may defer or waive all or any portion of any Installment Amount under this Article 2 by giving written notice to the Company no later than two (2) Business Days after the applicable Installment Notice Date, such notice to indicate the Installment Date(s) and/or Maturity Date to which all or a portion of a deferred Installment Amount is to be deferred.