MODIFICATION; NO WAIVER. None of the terms of this Agreement may be waived or amended except in a writing signed by the party against whose interest the term is waived or amended. Forbearance, failure or delay by any party hereto in the exercise of a remedy shall not constitute a waiver, nor shall any exercise or partial exercise of any remedy preclude any further exercise of that or any other remedy. Any waiver or consent by any party hereto shall be effective only in the specific instance and for the specific purpose for which it is given and shall not be deemed, regardless of frequency given, to be a further or continuing waiver or consent.
Appears in 4 contracts
Sources: Continuing Agreement for Standby Letters of Credit, Continuing Agreement for Standby Letters of Credit (Xl Group PLC), Continuing Agreement for Standby Letters of Credit (Xl Group PLC)
MODIFICATION; NO WAIVER. None of the terms of this Agreement may be waived or amended except in a writing signed by the party against whose interest the term is waived or amended. Forbearance, failure or delay by any party hereto Xxxxx in the exercise of a remedy shall not constitute a waiver, nor shall any exercise or partial exercise of any remedy preclude any further exercise of that or any other remedy. Any waiver or of consent by any party hereto Xxxxx shall be effective only in the specific instance and for the specific purpose for which it is given and shall not be deemed, regardless of frequency given, to be a further or continuing waiver or consent.
Appears in 1 contract
Sources: Master Agreement for Irrevocable Commercial Letters of Credit
MODIFICATION; NO WAIVER. None of the terms of this Agreement may be waived or amended except in a writing signed by the party against whose interest the term is waived or amended. Forbearance, failure or delay by any party hereto >>><<<x in the exercise of a remedy shall not constitute a waiver, nor shall any exercise or partial exercise of any remedy preclude any further exercise of that or any other remedy. Any waiver or of consent by any party hereto >>><<<x shall be effective only in the specific instance and for the specific purpose for which it is given and shall not be deemed, regardless of frequency given, to be a further or continuing waiver or consent.
Appears in 1 contract
Sources: Master Agreement for Irrevocable Commercial Letters of Credit