Common use of Liberality Clause in Contracts

Liberality. If one of the PARTIES tolerates any infraction in relation to any provision of this COMMITMENT (and/or of any other documents related to it), or omits to demand the fulfillment of any term or condition herein established, it does not mean that it has released the other PARTY from the obligations assumed, nor that the violated provision has been considered as cancelled. This act of liberality shall not constitute a novation of the clauses of this COMMITMENT, nor shall it affect its rights, which may be exercised at any time.

Appears in 4 contracts

Sources: Commercial Product Purchase Commitment and Other Agreements (Brazil Potash Corp.), Commercial Product Purchase Commitment and Other Agreements (Brazil Potash Corp.), Commercial Product Purchase Commitment and Other Agreements (Brazil Potash Corp.)

Liberality. If one of the PARTIES tolerates any infraction infringement in relation to any provision of this COMMITMENT (and/or of any other documents related to itthereto), or omits fails to demand the fulfillment of compliance with any term or condition herein establishedestablished herein, it does not mean that it has released the other PARTY from of the obligations assumed, nor assumed and that the violated breached provision has not been considered as cancelled. This canceled, this mere act of liberality shall not constitute constituting a novation of the clauses of this COMMITMENT, nor shall it affect affecting its rights, which may be exercised at any time.

Appears in 1 contract

Sources: Take or Pay Contract (Brazil Potash Corp.)