Common use of Acceptance of Partial Payment Clause in Contracts

Acceptance of Partial Payment. The acceptance by the Noteholder of a partial payment of any sum due under this Note, whether occurring before or after an Event of Default, shall not be deemed to cure the Maker’s failure to pay such sum in full or to waive any of the Noteholder’s rights or remedies available on account of such default. In addition, after the Noteholder has accelerated payment of this Note upon the occurrence of an Event of Default, the tender of payment of less than the entire principal amount of this Note, all interest thereon, late charges and other sums due under this Note, or the acceptance by the Noteholder of less than full payment thereof, shall not be deemed to have cured the Event of Default, to constitute a reinstatement of this Note or to waive any of the Noteholder’s rights and remedies under this Note or at law or in equity.

Acceptance of Partial Payment. The acceptance by the Noteholder Lender of a partial payment of any sum due under this Note, whether occurring before or after an Event of Default, shall not be deemed to cure the MakerBorrower’s failure to pay such sum in full or to waive any of the NoteholderLender’s rights or remedies available on account of such defaultDefault. In addition, after the Noteholder Lender has accelerated payment of this Note upon the occurrence of an Event of Default, the tender of payment of less than the entire principal amount of this Note, all interest thereon, late charges and other sums due under this Notehereunder, or the acceptance by the Noteholder Lender of less than full payment thereof, shall not be deemed to have cured the Event of Default, to constitute a reinstatement of this Note or to waive any of the NoteholderLender’s rights and remedies under reserved by this Note or at law or in equityprovided by applicable law.

Acceptance of Partial Payment. The acceptance by the Noteholder Lender of a partial payment of any sum due under this Note, whether occurring before or after an Event of Default, shall not be deemed to cure the MakerBorrower’s failure to pay such sum in full or to waive any of the NoteholderLender’s rights or remedies available on account of such defaultDefault. In addition, after the Noteholder Lender has accelerated payment of this Note upon the occurrence of an Event of Default, the tender of payment of less than the entire principal amount of this Note, ,all interest thereon, late charges and other sums due under this Notehereunder, or the acceptance by the Noteholder Lender of less than full payment thereof, shall not be deemed to have cured the Event of Default, to constitute a reinstatement of this Note or to waive any of the NoteholderLender’s rights and remedies under reserved by this Note or at law or in equityprovided by applicable law.