Common use of Failure or Delay Clause in Contracts

Failure or Delay. No failure or delay on the part of Bank in the exercise of any power, right or privilege under this Agreement, the Note or the Collateral Documents shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise of any other power, right or privilege.

Appears in 1 contract

Sources: Loan Agreement (Ohio Art Co)

Failure or Delay. No failure or delay on the part of Bank in the exercise of any power, right right, remedy or privilege under this Agreement, the Note or the Collateral Documents Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right right, remedy, or privilege preclude other or further exercise of any other power, right right, remedy, or privilege.

Appears in 1 contract

Sources: Revolving Credit Agreement (Amwest Insurance Group Inc)

Failure or Delay. No failure or delay on the part of Bank in the exercise of any power, right or privilege under this Agreement, the Note Agreement or the Collateral Documents shall operate as a waiver wavier thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise of any other power, right or privilege.

Appears in 1 contract

Sources: Credit Agreement (Chemi Trol Chemical Co)