Common use of INDULGENCE GRANTED Clause in Contracts

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.