Common use of Right of Waiver Clause in Contracts

Right of Waiver. Owner shall have the right, but shall have no obligation, to waive, defer or reduce any of the requirements stated in this Article XI at any time. However, Owner’s exercise of any rights hereunder shall apply only to such requirements as Owner may specify in writing and shall in no event relieve GEC of any requirements or other obligations not so specified. LIMA/GEC/EPC 46 Confidential Business Information

Appears in 4 contracts

Samples: Procurement and Construction Agreement, Engineering, Procurement and Construction Agreement (USA Synthetic Fuel Corp), Engineering, Procurement and Construction Agreement (USA Synthetic Fuel Corp)

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Right of Waiver. Owner shall have the right, but shall have no obligation, to waive, defer or reduce any of the requirements stated in this Article XI at any time. However, Owner’s exercise of any rights hereunder shall apply only to such requirements as Owner may specify in writing and shall in no event relieve GEC Contractor of any requirements or other obligations not so specified. LIMA/GEC/EPC 46 Confidential Business Information.

Appears in 2 contracts

Samples: General Services Agreement (Global Energy, Inc.), General Services Agreement (Global Energy, Inc.)

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