Effect of a Waiver Clause Samples

The "Effect of a Waiver" clause defines the legal consequences when one party chooses to relinquish or not enforce a particular right or provision under the contract. Typically, this clause clarifies that if a party waives a breach or fails to enforce a term at one time, it does not mean they forfeit the right to enforce that term or any other term in the future. For example, if a party overlooks a missed payment once, this does not prevent them from insisting on timely payments going forward. The core function of this clause is to prevent a temporary or one-time waiver from being interpreted as a permanent change to the contract, thereby protecting the parties' rights and maintaining the integrity of the agreement.
Effect of a Waiver. No waiver of a provision of this Agreement shall be deemed a waiver of any other provisions or shall a waiver of the performance of a provision in one or more instances be deemed a waiver of future performance thereof.
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Effect of a Waiver. No waiver by the RSP and/or any Operator of the performance of any of the provisions of this Agreement is to operate or be construed as a waiver of any other or of any further default, whether of a similar or a different character.
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Effect of a Waiver. No waiver by either Party of any default by the other in the performance of any of the provisions of this BOT Contract: (i) shall operate or be construed as a waiver of any other or further default whether of a similar or different character; or (ii) shall be effective unless in writing duly executed by an authorised representative of the Party against which it is being asserted.
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Related to Effect of a Waiver

  • Effect of Agreement Nothing herein contained shall be deemed to require to the Trust to take any action contrary to its Declaration of Trust or its By-Laws or any applicable law, regulation or order to which it is subject or by which it is bound, or to relieve or deprive the Trustees of the Trust of their responsibility for and control of the conduct of the business and affairs of the Trust.

  • Effect of Addendum THIS ADDENDUM AMENDS AND SUPPLEMENTS THE CONTRACT AND, IF APPLICABLE, ESCROW INSTRUCTIONS. IN THE EVENT THERE IS ANY CONFLICT BETWEEN THIS ADDENDUM AND THE CONTRACT OR ESCROW INSTRUCTIONS OR NOTICE OR OTHER DOCUMENTS ATTACHED AND MADE A PART OF THE AGREEMENT, THE TERMS OF THIS ADDENDUM TAKE PRECEDENCE AND SHALL PREVAIL EXCEPT AS OTHERWISE PROVIDED BY LAW.

  • Effect of Waiver or Consent A waiver or consent, express or implied, to or of any breach or default by any Person in the performance by that Person of its obligations with respect to the Company is not a consent or waiver to or of any other breach or default in the performance by that Person of the same or any other obligations of that Person with respect to the Company. Failure on the part of a Person to complain of any act of any Person or to declare any Person in default with respect to the Company, irrespective of how long that failure continues, does not constitute a waiver by that Person of its rights with respect to that default until the applicable statute-of-limitations period has run.

  • Effect of Approval Approval of any insurance by City shall not relieve or decrease the liability of Grantee hereunder.

  • Effect of Amendment or Waiver Any such amendment or waiver shall apply equally to all of the holders of the Notes and shall be binding upon them, upon each future holder of any Note and upon the Company, whether or not such Note shall have been marked to indicate such amendment or waiver. No such amendment or waiver shall extend to or affect any obligation not expressly amended or waived or impair any right consequent thereon.