Partial Payment Not Waiver Sample Clauses
The "Partial Payment Not Waiver" clause establishes that accepting a partial payment does not constitute a waiver of the right to collect the remaining balance owed under a contract. In practice, this means that if a party receives less than the full amount due, they can still pursue the outstanding sum without being seen as having given up that right. This clause is essential for protecting a party’s ability to enforce full payment and prevents misunderstandings that could arise if partial payments were interpreted as settling the entire obligation.
POPULAR SAMPLE Copied 5 times
Partial Payment Not Waiver. Any partial payments made by the Borrower or the Guarantor or any other party on behalf of the Borrower or the Guarantor and accepted by the Lender will not constitute a waiver of any default, waiver of demand, or waiver of any other right held by the Lender under the Loan Documents or this Agreement. Except as otherwise modified or amended by this Agreement, all of the terms of the Loan Documents shall remain in full force and effect and are expressly ratified and confirmed by the Borrower and the Guarantor.
Partial Payment Not Waiver. Acceptance by Lessor of any partial payment made by any Obligor will not constitute a waiver of any default, demand, acceleration, or any other right or remedy of Lessor under the 1450, 1452, and 1462 Leases, or any other Related Document.
Partial Payment Not Waiver. Any partial payment with respect to the Liabilities made by Borrower or any other party on Borrower’s behalf and accepted by lender will not constitute a waiver of any Event of Default, waiver of demand, or waiver of any other right held by Lender under this Forbearance Agreement or the Loan Documents.