Condonation Clause Samples
The condonation clause serves to forgive or overlook a party's breach or failure to perform under a contract, provided the other party expressly or implicitly accepts the breach without enforcing their rights immediately. In practice, this clause may apply when one party delays in enforcing a contractual obligation or chooses not to act on a minor default, signaling acceptance of the situation. Its core function is to prevent the non-breaching party from later using the forgiven breach as grounds for further action, thereby promoting fairness and preventing parties from acting inconsistently.
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Condonation. 8.1. Nor the Assignor, nor Lender, nor ROBOCASH are liable to the Claim purchaser, the Assignee or their legal representatives or heirs, as well as to the other third parties for:
8.1.1. delay of the Loan maturity date by the Borrower;
8.1.2. for not-fulfilment the Loan Agreement in full or in part by the Borrower, as well as for impossibility to discharge the Claim because of the unduly fulfilment by the Borrower of its obligations under the Loan Agreement;
8.1.3. for the Assignee’s losses occurred due to the pre-term repayment of the Loan by the Borrower.
8.2. Neither of the Parties or ROBOCASH shall be liable for unduly fulfilment of their obligations under the Assignment Agreement, if such unduly fulfilment is connected with interruption of electricity or Internet, as well as with any other interruption of communication system, that may negatively affect the fulfilment by the Parties of their obligations under the Assignment Agreement.
Condonation. Any condonation by any party in this agreement or any failure by the other party to fulfil his obligations in terms of this agreement shall not be regarded as being renouncement by such party of his rights in terms of this agreement, nor as novation thereof.
Condonation. Any condonation or failure by one party to enforce the rights and remedies available to it under this Agreement arising from a failure by the other party to observe or perform any provision of this Agreement shall not be deemed to be a waiver of the first party’s rights hereunder nor shall such failure or condonation preclude one party from enforcing the rights and remedies available to it hereunder against the other party for any subsequent breach or non performance.
Condonation. 18.1 The Board may, on good cause shown, condone the late filing of any documents.
18.2 An application for condonation must be on affidavit.