Waiver of Certain Formalities Sample Clauses
The "Waiver of Certain Formalities" clause allows parties to agree that specific procedural requirements, such as written notices or signatures, may be relaxed or omitted in the execution or amendment of the agreement. In practice, this means that actions like contract modifications or consents can be valid even if they do not strictly adhere to formal requirements typically mandated by law or the contract itself. This clause streamlines processes and reduces the risk of technical breaches, ensuring that the parties' intentions are honored even if formalities are not strictly observed.
Waiver of Certain Formalities. All parties to this Note hereby waive presentment, dishonor, notice of dishonor and protest. All parties hereto consent to, and Holder is hereby expressly authorized to make, without notice, any and all renewals, extensions, modifications or waivers of the time for or the terms of payment of any sum or sums due hereunder, or under any documents or instruments relating to or securing this Note, or of the performance of any covenants, conditions or agreements hereof or thereof or the taking or release of collateral securing this Note. Any such action taken by Holder shall not discharge the liability of any party to this Note.
Waiver of Certain Formalities. All parties to this Note hereby waive presentment, dishonor, notice of dishonor and protest. All parties hereto consent to, and Holders are hereby expressly authorized to make, without notice, any and all renewals, extensions, modifications or waivers of the time for or the terms of payment of any sum or sums due hereunder. Any such action taken by Holders shall not discharge the liability of any party to this Note.