Common use of Nonwaiver of Default Clause in Contracts

Nonwaiver of Default. The subsequent acceptance of Base Rent, Additional Rent or any other sums due from Lessee under this Lease shall not be deemed a waiver of any preceding breach of any obligation by Lessee hereunder (other than Lessee’s failure to pay the particular rental so accepted), and the waiver of any breach of any covenant or condition by Lessor shall not constitute a waiver of any other breach regardless of knowledge thereof.

Appears in 3 contracts

Samples: Agreement for the Purchase and Sale of Real Estate (Addvantage Technologies Group Inc), Lease Agreement (Addvantage Technologies Group Inc), Lease Agreement (Addvantage Technologies Group Inc)

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Nonwaiver of Default. The subsequent acceptance of Base Rent, Additional Rent or any other sums due from Lessee under this Lease shall not be deemed a waiver of any preceding breach of any obligation by Lessee hereunder (other than Lessee’s 's failure to pay the particular rental so accepted), and the waiver of any breach of any covenant or condition by Lessor shall not constitute a waiver of any other breach regardless of knowledge thereof.

Appears in 3 contracts

Samples: Lease Agreement (Addvantage Technologies Group Inc), Lease Agreement (Addvantage Technologies Group Inc), Lease Agreement (Addvantage Technologies Group Inc)

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