No Oral Waivers or Modifications. No provision of this Note may be waived or modified orally, but only in a writing signed by Lender and Borrower.
No Oral Waivers or Modifications. No provision of this Agreement may be waived or modified orally, but only in a writing signed by Holder.
No Oral Waivers or Modifications. No provision of this Note may be waived or modified orally, but only in writing signed by Lxxxxx and Bxxxxxxx.
No Oral Waivers or Modifications. Borrower acknowledges that, in general, borrowers who experience difficulties honoring loan obligations, in an effort to inhibit or impede lenders from exercising the rights and remedies available pursuant to mortgages, notes, loan agreements or other instruments evidencing or affecting loan transactions, frequently allege or argue that some loan officer or administrator of a lender made an oral modification or made some statement which could be interpreted as a consent, waiver, extension, modification or amendment of one or more debt instruments or could be interpreted as an agreement to take or forbear from taking some action and that the borrower relied to its detriment upon such consent, waiver, oral modification or statement. For that reason, and in order to protect Bank from such allegations and arguments in connection with the transactions contemplated by this Agreement, it is agreed and acknowledged that all instruments referred to herein or executed or delivered in connection herewith can be extended, modified or amended, and a consent or waiver can be given and an agreement can be altered or entered into, only in writing. None of the rights, powers, remedies or benefits of Bank can be released, waived, extended, modified or amended and no consent can be given or any agreement altered or entered into except in writing signed by an agent of Bank. Borrower further acknowledges its understanding that no officer or employee of Bank has the power or authority to make an oral consent or an oral release, extension, modification or amendment in respect to this Agreement or of any of the documents referred to herein or executed or delivered in connection herewith or to make any oral waiver or to alter or enter into any oral agreement on behalf of Bank.
