INDULGENCE GRANTED Clause Samples

The "Indulgence Granted" clause defines the effect of one party choosing not to enforce a contractual right or to overlook a breach by the other party. In practice, this means that if a party allows a deadline to pass or does not immediately act on a violation of the agreement, it does not mean they have permanently waived their rights or accepted the breach. The core function of this clause is to protect a party’s rights under the contract, ensuring that leniency or delay in enforcement does not prevent future enforcement or imply a modification of the contract’s terms.
INDULGENCE GRANTED. No waiver, neglect, delay or forbearance, whether passive or express, on the part of NAFA and/or the Bank to require and enforce payment of any monies under this Agreement or the performance and observance of any covenants in this Agreement nor the granting of any time by NAFA and/the Bank to the Borrower shall in any way prejudice or affect any rights, powers or remedies of NAFA and/or the Bank, nor will the NAFA and/or the Bank’s right be prejudice or waived in in respect of any other or subsequent breach of any of the covenants, undertakings, stipulations, terms and conditions aforesaid.
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INDULGENCE GRANTED. No neglect, delay or forebearance of DBS Bank to require and enforce payment of any monies under this Agreement or the performance and observance of any covenants in this Agreement nor the granting of any time by the DBS Bank to the borrower shall in any way prejudice or affect any of the rights, powers or remedies of the DBS Bank, no such waiver of any such breach as aforesaid shall prejudice the rights of the DBS Bank in respect of any other or subsequent breach of any of the covenants, undertakings, stipulations, terms and conditions aforesaid.
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INDULGENCE GRANTED. 9.1 No neglect, delay or forbearance of NUS and/or the Bank to require or enforce payment of any monies hereunder or to require or enforce the performance or observance of any covenant, undertaking, stipulation, term or condition hereunder nor the granting of any time by NUS and/or the Bank to the Borrower and/or the Guarantor shall in any way prejudice or affect any of the rights, powers or remedies of NUS and/or the Bank, nor will the rights of NUS and/or the Bank be prejudiced or waived in respect of any other or subsequent breach of any of the covenants, undertakings, stipulations, terms and conditions by the Borrower and/or the Guarantor as aforesaid.
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Related to INDULGENCE GRANTED

  • INDULGENCE 32.1 No relaxation or indulgence which may be granted by either of the Parties to the other will be construed as a waiver by either Party of any of rights arising out of the Agreement, nor will it in any way prejudice either Party’s rights or preclude either Party from exercising any of your rights in the future.

  • INDULGENCES No indulgence granted by a party shall constitute a waiver of any of that party's rights under this agreement; accordingly, that party shall not be precluded as a consequence of having granted such indulgence, from exercising any rights against the other which may have arisen in the past or which may arise in the future.

  • Indulgence Not Waiver The indulgence of either party with regard to any breach or failure to perform any provision of this Agreement shall not be deemed to constitute a waiver of the provision or any portion of this Agreement, either at the time of the breach or failure occurs, or at any time throughout the term of this Agreement.

  • Indulgences, Etc Neither the failure nor any delay on the part of either party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.

  • Indulgences; No Waivers Neither the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.