Common use of Effect of Delay Clause in Contracts

Effect of Delay. Neither failure nor delay on the part of Agent or the Lenders to exercise any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

Appears in 4 contracts

Samples: Revolving Credit Loan Agreement (Orleans Homebuilders Inc), Revolving Credit Loan Agreement (Orleans Homebuilders Inc), Revolving Credit Loan Agreement (Orleans Homebuilders Inc)

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Effect of Delay. Neither any failure nor any delay on the part of Agent or the Lenders to exercise Lender in exercising any right, power or privilege hereunder or under any of the Loan Documents shall operate as a waiver thereof, nor shall any a single or partial exercise of any right, power or privilege hereunder thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

Appears in 1 contract

Samples: Revolving Credit Agreement (Watsco Inc)

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