Common use of Delay or Omission; No Waiver Clause in Contracts

Delay or Omission; No Waiver. No delay or omission of Mortgagee to exercise any right, power or remedy upon any Actionable Default shall exhaust or impair any such right, power or remedy or shall be construed to waive any such Actionable Default or to constitute acquiescence therein. Every right, power and remedy given to Mortgagee whether contained herein or in the Collateral Trust Agreement or any other Secured Debt Document or otherwise available to Mortgagee may be exercised from time to time and as often as may be deemed expedient by Mortgagee.

Appears in 3 contracts

Samples: Statement and Security Agreement (Midwest Generation LLC), Statement and Security Agreement (Midwest Generation LLC), Midwest Generation LLC

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Delay or Omission; No Waiver. No delay or omission of Mortgagee or the Secured Debtholders to exercise any right, power or remedy upon any Actionable Event of Default shall exhaust or impair any such right, power or remedy or shall be construed to waive any such Actionable Event of Default or to constitute acquiescence therein. Every right, power and remedy given to Mortgagee whether contained herein or in the Collateral Trust Agreement or any other Secured Debt Document Documents or otherwise available to Mortgagee may be exercised from time to time and as often as may be deemed expedient by Mortgagee.

Appears in 2 contracts

Samples: Credit Agreement (Calpine Corp), Rents and Security Agreement (Calpine Corp)

Delay or Omission; No Waiver. No delay or omission of Mortgagee to exercise any right, power or remedy upon any Actionable Event of Default shall exhaust or impair any such right, power or remedy or shall be construed to waive any such Actionable Event of Default or to constitute acquiescence therein. Every right, power and remedy given to Mortgagee whether contained herein or in the Collateral Trust Intercreditor Agreement or any other Secured Debt Document the Guarantee and Collateral Agreement or otherwise available to Mortgagee may be exercised from time to time and as often as may be deemed expedient by Mortgagee.

Appears in 1 contract

Samples: Collateral Agreement (Enexus Energy CORP)

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Delay or Omission; No Waiver. No delay or omission of Mortgagee to exercise any right, power or remedy upon any Actionable Default shall exhaust or impair any such right, power or remedy or shall be construed to waive any such Actionable Default or to constitute acquiescence therein. Every right, power and remedy given to Mortgagee whether contained herein or in the Collateral Trust Agreement or any other Secured Debt Document or otherwise available to Mortgagee may be exercised from time to time and as often as may be deemed expedient by Mortgagee.

Appears in 1 contract

Samples: And Security Agreement (Cheniere Energy Inc)

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