Waiver and Exemption Clause Samples
A Waiver and Exemption clause defines the circumstances under which a party voluntarily relinquishes certain rights or is released from specific obligations under the contract. In practice, this clause may specify that if one party chooses not to enforce a particular term or condition at one time, it does not mean they forfeit the right to enforce it in the future. It can also clarify that certain liabilities or requirements are expressly excused for one or both parties. The core function of this clause is to provide flexibility in enforcement and to prevent accidental loss of rights, ensuring that parties are not penalized for leniency or oversight.
Waiver and Exemption. Such Purchaser does not object to any waiver or exemption being granted to the Relevant Parties in connection with the Court Approval.
Waiver and Exemption. The Transferor hereby acknowledges and agrees that he (acting on his own behalf and on behalf of his Affiliates) will waive any claims and Actions against all Group Companies that have accrued as of the Closing or based on the facts prior to the Closing, if the Closing takes place. Article 9Breach of Contract and Indemnification
Waiver and Exemption. The Transferor acknowledges and agrees that, as of the Closing Date of this Transaction, the Transferor will waive any right, request, or claim (if any) to the Target Company, and the Target Company will have no outstanding obligations or liabilities to the Transferor.
Waiver and Exemption. Each of the Transferor and the Founder hereby acknowledges and agrees that it (acting on its own behalf and on behalf of its Affiliates) will waive any claims and Actions against all Group Companies that have accrued as of the Closing or based on the facts prior to the Closing, if the Closing takes place.
Waiver and Exemption. The Transferor hereby acknowledges and agrees that it (acting on its own behalf and on behalf of its Affiliates) will waive any of its claims and Actions as shareholder of the Target Company against all Group Companies that have accrued as of the Closing or based on the facts prior to the Closing, if the Closing takes place. For the avoidance of doubt, this Article shall not apply to the claims and Actions of the Transferor against the Group Companies arising from the business cooperation in the purchase and sale of products between the Transferor and the Group Companies. Article 9Breach of Contract and Indemnification
Waiver and Exemption. Any constitutional or statutory exemption of the Lessee or any assignee or sublessee, of any property usually kept on the leased premises, from distress or forced sale is waived.
Waiver and Exemption. Except otherwise expressly provided for in this Agreement, if either Party does not, fails or delays to exercise any rights, powers or remedies under this Agreement or any Transaction Documents, such Party shall not be deemed to have waived such rights, powers or remedies, nor shall such Party be impeded to subsequently exercise such rights, powers or remedies. Unilateral or partial exercise of such rights, powers and remedies shall not impede further exercise thereof.