Deferrals only Clause Samples

The "Deferrals only" clause restricts the scope of an agreement or provision to apply solely to deferrals, rather than to other types of modifications or actions. In practice, this means that only the postponement of obligations, such as payment deadlines or performance dates, is permitted under the clause, while other changes like waivers or accelerations are not covered. This ensures that parties can delay certain duties without altering the fundamental terms of the agreement, providing clarity and limiting the potential for broader contractual changes.