Common use of Waiver and Modifications Clause in Contracts

Waiver and Modifications. No delay on the part of the Lender in the exercise of any right or remedy shall operate as a waiver thereof, and no single or partial exercise by the Lender of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy; nor shall any modification or waiver of any of the provisions of this Guaranty be binding upon the Lender except as expressly set forth in a writing duly signed and delivered on behalf of the Lender.

Appears in 7 contracts

Sources: Guaranty (Air T Inc), Guaranty (Air T Inc), Guaranty (Air T Inc)

Waiver and Modifications. No delay on the part of the Lender in the exercise of any right or remedy shall operate as a waiver thereof, and no single or partial exercise by the Lender of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy; nor shall any modification or waiver of any of the provisions of this Guaranty be binding upon the Lender except as expressly set forth in a writing duly signed and delivered on behalf of the Lender.

Appears in 3 contracts

Sources: Loan and Security Agreement (Safe & Green Holdings Corp.), Construction Loan Agreement (Fuelcell Energy Inc), Guaranty Agreement (Fuelcell Energy Inc)

Waiver and Modifications. No delay on the part of the Lender in the exercise of any right or remedy shall operate as a waiver thereof, and no single or partial exercise by the Lender of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy; nor shall any modification or waiver of any of the provisions of this Guaranty be binding upon the Lender except as expressly set forth in a writing duly signed and delivered on behalf of the Lender.

Appears in 1 contract

Sources: Guaranty Agreement (Adcare Health Systems, Inc)

Waiver and Modifications. No delay on the part of the Lender in the exercise of any right or remedy shall will operate as a waiver thereof, and no single or partial exercise by the Lender of any right or remedy shall will preclude other or further exercise thereof or the exercise of any other right or remedy; nor shall will any modification or waiver of any of the provisions of this Guaranty be binding upon the Lender except as expressly set forth in a writing duly signed and delivered on behalf of the Lender.

Appears in 1 contract

Sources: Continuing Guaranty (Wynn Resorts LTD)

Waiver and Modifications. No delay on the part of the Lender in the exercise of any right or remedy shall will operate as a waiver thereof, and no single or partial exercise by the Lender of any right or remedy shall will preclude other or further exercise thereof or the exercise of any other right or remedy; nor shall will any modification or waiver of any of the provisions of this Guaranty be binding upon the Lender except as expressly set forth in a writing duly signed and delivered on behalf of the Lender.

Appears in 1 contract

Sources: Guaranty (Meritage Hospitality Group Inc /Mi/)

Waiver and Modifications. No delay on the part of the Lender in the exercise of any right or remedy shall operate as a waiver thereof, and no single or partial exercise by the Lender of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy; nor shall any modification or waiver of any of the provisions of this Guaranty be binding upon the Lender or the undersigned except as expressly set forth in a writing duly signed and delivered on behalf of the LenderLender and the undersigned.

Appears in 1 contract

Sources: Loan and Security Agreement (Pemstar Inc)