Waiver of the Conditions Sample Clauses

The Waiver of the Conditions clause allows one or more parties to voluntarily relinquish their right to require that certain pre-agreed conditions be fulfilled before a contract becomes effective or an obligation is performed. In practice, this means that if a contract is contingent on specific events—such as regulatory approval or the completion of due diligence—a party entitled to insist on those events can choose to proceed without them. This clause provides flexibility in contract execution, enabling parties to move forward even if not all conditions are met, and helps prevent unnecessary delays or the risk of a deal falling through due to unmet but waivable requirements.
Waiver of the Conditions. The Parties reciprocally note that the conditions precedent referred to in this Article 4 (Conditions Precedent) are not merely potestative and are established in the sole interest of the Bank which may, therefore, in its own unquestionable opinion, waive them, in full or in part, notifying the Beneficiary thereof in writing.
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Waiver of the Conditions. The Purchaser may waive in whole or in part all or any of the Conditions by notice in writing to the Sellers’ Representative.
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Waiver of the Conditions. (a) If a Condition has been included for the benefit of one party only (as specified in relation to a Condition in the second column of the table in clauses 1.1 and 1.2), only that party may, in its sole and absolute discretion, waive the breach or non- fulfilment of the Condition. (b) If a Condition has been included for the benefit of both parties (as specified in relation to a Condition in the second column of the table in clauses 1.1 and 1.2), the breach or non-fulfilment of the Condition may be waived only by the consent of both parties. (c) If a Condition has been included for the benefit of neither party (as specified in relation to a Condition in the second column of the table in clauses 1.1 and 1.2 as ‘Not applicable’), subject to clause 1.6, the breach or non-fulfilment of the Condition cannot be waived. (d) If a waiver by a party of a Condition is itself made subject to a condition and the other party accepts that condition, the terms of that condition apply accordingly. If the other party does not accept a conditional waiver of a Condition, that Condition has not been waived. (e) Any waiver must be in writing.
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Related to Waiver of the Conditions

  • Waiver of Conditions The conditions to each of the parties' obligations to consummate the Merger are for the sole benefit of such party and may be waived by such party in whole or in part to the extent permitted by applicable law.

  • Waiver of Closing Conditions Upon the occurrence of the Closing, any condition set forth in this Article V that was not satisfied as of the Closing shall be deemed to have been waived as of the Closing for the applicable Transferred Asset.

  • Waiver of conditions precedent The conditions specified in this clause 9 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part and with or without conditions.

  • Waiver of Past Defaults Prior to the declaration of the acceleration of the maturity of the Notes as provided in Section 5.2, the Holders of Notes evidencing not less than 51% of the Note Balance of the Controlling Class, may, on behalf of all Noteholders, waive any past Default or Event of Default and its consequences except a Default or Event of Default (i) in the payment of principal of or interest on any of the Notes or (ii) in respect of a covenant or provision hereof that cannot be amended, supplemented or modified without the consent of all the Noteholders. Upon any such waiver, the Issuer, the Indenture Trustee and the Noteholders shall be restored to their former positions and rights hereunder, respectively, but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto. Upon any such waiver, such Default or Event of Default shall cease to exist and be deemed to have been cured and not to have occurred, and any Event of Default arising therefrom shall be deemed to have been cured and not to have occurred, for every purpose of this Indenture, but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto.

  • Waiver of Past Defaults and Events of Default Subject to Sections 6.02, 6.08 and 8.02, the Holders of a majority in aggregate principal amount of the Notes then outstanding have the right to waive any existing Default or compliance with any provision of this Indenture or the Notes. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereto.