Common use of Boilerplate Clause in Contracts

Boilerplate. 22.1 This Deed contains the entire agreement and understanding of the parties and supersedes all prior agreements, understandings or arrangements (both oral and written) relating to the subject matter of this Deed. 22.2 This Deed may be executed in any number of counterparts, each of which when executed and delivered shall be an original, but all of which when taken together shall constitute a single instrument. 22.3 This Deed shall be treated as having been executed and delivered as a deed only upon being dated. 22.4 If any provision of this Deed is held to be illegal, invalid or unenforceable in whole or in part in any jurisdiction this Deed shall, as to such jurisdiction, continue to be valid as to its other provisions and the remainder of the affected provision and the legality, validity and enforceability of such provision in any other jurisdiction shall be unaffected. 22.5 Any waiver of a breach of any of the terms of this Deed or of any default under this Deed: (a) shall not be deemed a waiver of any subsequent breach or default and shall in no way affect the other terms of this Deed; and (b) may be waived only in writing and specifically. 22.6 No failure to exercise and no delay on the part of any Party in exercising any right, remedy, power or privilege of that Party under this Deed and no course of dealing between the parties shall be construed or operate as a waiver, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of such rights, remedies, powers or privileges or the exercise of any other right, remedy, power or privilege. The rights and remedies provided by this Deed are cumulative and are not exclusive of any rights or remedies provided by law. (a) Unless expressly provided to the contrary in this Deed, a person who is not a Party has no right under the Contracts (Rights of Third Parties) ▇▇▇ ▇▇▇▇ to enforce or enjoy the benefit of any terms of this Deed. (b) Notwithstanding any term of this Deed, the consent of any person who is not a Party is not required to rescind or vary this Deed. 22.8 If there is any inconsistency between this Deed and any term in any other Loan Note Document the terms of this Deed prevail.

Appears in 2 contracts

Sources: Security Trust Deed, Security Trust Deed