Common use of Variations and Waivers Clause in Contracts

Variations and Waivers. No failure to exercise and no delay on the part of the Lender in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right or power preclude any other or future exercise thereof or the exercise of any other right or power. The rights, powers and remedies herein provided are cumulative and not exclusive of any rights, powers or remedies provided by law.

Appears in 3 contracts

Sources: Financial Agreement (Navios South American Logistics Inc.), Financial Agreement (Navios Maritime Holdings Inc.), Financial Agreement (Navios Maritime Holdings Inc.)