Common use of Delay, Etc Clause in Contracts

Delay, Etc. No delay on the part of any of the Banks or the Agent in exercising any rights under this Article VIII or failure to exercise the same shall operate as a waiver of such rights. No notice to or demand on the Parent shall be deemed to be a waiver of any obligation of the Subsidiary Borrower or the right of the Banks or the Agent to take further action without notice or demand as provided herein.