Time or Indulgence Clause Samples
The 'Time or Indulgence' clause establishes that if one party grants extra time or leniency to the other in fulfilling contractual obligations, this does not constitute a waiver of any rights under the contract. For example, if a party allows a late payment or overlooks a missed deadline, it does not mean they forfeit the right to enforce those terms in the future. This clause ensures that occasional flexibility does not undermine the enforceability of the contract, protecting parties from inadvertently losing their rights through acts of indulgence.
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Time or Indulgence. The grant by the Lender to any Principal or any other person of any time, waiver, consent or indulgence.
Time or Indulgence. 17.1 Any time or other indulgence granted by the Owner shall not affect the strict rights of the Owner under this Contract.
17.2 No failure on the part of the Owner to exercise, and no delay on its part in exercising any right or remedy under this Contract will operate as a waiver thereof, nor will any single or partial exercise of any right or remedy under this Contract preclude any other or further exercise of any other right or remedy.
Time or Indulgence. If the DTI gives time or indulgence to the Company or the Guarantor in the performance of any part of this Agreement, the DTI's other rights under this Agreement shall not be affected.