Waiver by the Lender Sample Clauses
The "Waiver by the Lender" clause establishes that the lender may choose to relinquish or forgo certain rights or remedies under the agreement, either temporarily or permanently. In practice, this could mean the lender decides not to enforce a specific contractual provision, such as a payment deadline or a covenant breach, without losing the ability to enforce other terms or the same term in the future. The core function of this clause is to provide flexibility for the lender while ensuring that any leniency does not set a binding precedent, thereby protecting the lender’s rights and maintaining the integrity of the agreement.
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Waiver by the Lender. The Lender may at any time and from time to time by a specific writing intended for the purpose: (a) waive compliance by the Borrower with any covenant made by the Borrower in this Mortgage to the extent and in the manner specified in such writing; (b) consent to the Borrower’s doing any act which the Borrower is prohibited from doing, or to the Borrower’s failing to do any act which the Borrower is required to do, to the extent and in the manner specified in such writing; (c) release any part of the Property or any interest in the Property from the lien and security interest of this Mortgage; or (d) release any party liable, either directly or indirectly, for the secured indebtedness or for any covenant in this Mortgage, without impairing or releasing the liability of any other party. No such act shall in any way affect the rights or powers of the Lender, with respect to the Property, the Borrower or any other person, except to the extent specifically agreed to by the Lender in such writing.
Waiver by the Lender. Each and every right and remedy granted to the Lender under this Agreement, or any other document delivered hereunder or in connection herewith or allowed it by law or in equity, shall be cumulative and may be exercised from time to time. The failure of the Lender, at any time or times hereafter, to require strict performance of any provision of this Agreement by Pledgor, shall not waive, affect or diminish any right of the Lender thereafter to demand strict compliance and performance therewith. Any suspension or waiver by the Lender of an Event of Default by Pledgor under this Agreement shall not suspend, waive or affect any other Event of Default by Pledgor under this Agreement, whether the same is prior or subsequent thereto and whether of the same or of a different type. None of the undertakings, agreements, warranties, covenants and representations of Pledgor contained in this Agreement and no Event of Default hereunder shall be deemed to have been suspended or waived by the Lender, unless such suspension or waiver is by an instrument in writing signed by a duly authorized representative of the Lender and directed to such Pledgor specifying such suspension or waiver.
Waiver by the Lender. No failure or delay on the part of the Lender in exercising any right, power or remedy hereunder shall operate as a waiver thereof. No single or partial exercise of any such right, power or remedy shall preclude any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. Time is of the essence in the performance of the covenants, agreements and obligations of the Borrower and the Bank.
Waiver by the Lender. The Lender agrees that, notwithstanding the requirements of Section 1.7 of the Second Amendment, the Company does not have to establish the Escrow and any failure to do so will not constitute noncompliance under or breach of the Second Amendment.
Waiver by the Lender. No waiver of any obligation of Borrower under this Note shall be effective unless it is in a writing signed by the Lender. A waiver by the Lender of any right or remedy under this Note on any occasion shall not be a bar to exercise of the same right or remedy on any subsequent occasion or of any other right or remedy at any time.
Waiver by the Lender. With effect from the Effective Date, the Lender agrees to waive compliance by the Borrowers of their obligations under clause 8.1.24 (Unencumbered liquidity) of the Loan Agreement up to and including 30 June 2021.
Waiver by the Lender. Any breach by the Pledgor of any of the provisions contained in this Agreement or any default by the Pledgor in the observance or performance of any covenant or condition required to be observed or performed by the Pledgor hereunder, may only be waived by the Lender in writing; PROVIDED THAT no such waiver by the Lender shall extend to or be taken in any manner to effect any subsequent breach or default or the rights resulting therefrom.
Waiver by the Lender. The Lender may permit the Debtor to attempt to remedy any default without waiving its rights and remedies hereunder, and the Lender may waive any default without waiving any other subsequent or prior default by the Debtor. Furthermore, delay on the part of the Lender in exercising any right, power or privilege hereunder or at law shall not operate as a waiver thereof, nor shall any single or partial exercise of such right, power or privilege preclude other exercise thereof or the exercise of any other right, power or privilege. No waiver or suspension shall be deemed to have occurred unless the Lender has expressly agreed in writing specifying such waiver or suspension.
Waiver by the Lender. No delay or omission by the Lender in exercising any right hereunder or under any Loan Document or with respect to the Indebtedness shall operate as a waiver of that or any other right, and no single or partial exercise of any right shall preclude the Lender from any other or further exercise of any other right or remedy. The Lender may (but shall not be obligated to) cure any Event of Default on account of the Borrower in any reasonable manner without waiving the Event of Default so cured and without waiving any other prior or subsequent Event of Default by the Borrower, and all amounts and expenses incurred by the Lender in doing so shall bear interest at the maximum rate of interest allowed by law. All rights and remedies of the Lender under this Agreement and under the Uniform Commercial Code and other applicable laws shall be deemed cumulative.
Waiver by the Lender. Any and all covenants in this Mortgage may from time to time by instrument in writing signed by the Lender be waived to such extent and in such manner as the Lender may desire, but no such waiver shall ever affect or impair the Lender’s rights or Liens hereunder, except to the extent specifically stated in such written instrument.