Indulgences definition

Indulgences. If either party at any time breaches any of that party’s obligations under the Agreement, the other party (“the aggrieved party”): 10.10.1 May at any time after that breach exercise any right that became exercisable directly or indirectly as a result of the breach, unless the aggrieved party has expressly elected in writing of a clear and unambiguous conduct, amounting to more than mere delay, not to exercise the right (if the aggrieved party is willing to relinquish that right, the aggrieved party will on request do so in writing). In particular, acceptance of late performance shall for a reasonable period after performance be provisional only, and the aggrieved party may still exercise that right during that period. 10.10.2 Shall not be stopped (i.e. prevented) from exercising the aggrieved party’s rights arising out of the breach, despite the fact that the aggrieved party may have elected or agreed on one or more previous occasions not to exercise the rights arising out of any similar breach or breaches.
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Indulgences. If either party at any time breaches any of that party’s obligations under the Agreement, the other party (”aggrieved party”): 11.7.1 May at any time after that breach exercise any right that became exercisable directly or indirectly as a result of the breach, unless the aggrieved party has expressly elected in writing of a clear and unambiguous conduct, amounting to more than mere delay, not to exercise the right. In particular, acceptance of late performance shall for a reasonable period after performance be provisional only, and the aggrieved party may still exercise that right during that period. 11.7.2 Shall not be stopped (prevented) from exercising its rights arising out of a breach, despite the fact that the aggrieved party may have elected or agreed on one or more previous occasions not to exercise the rights arising out of any same/similar breach or breaches.
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Examples of Indulgences in a sentence

  • Indulgences; No Waivers.................................................

  • Indulgences; No Waivers...................................................................110 Section 11.10.

  • Section 15.7 Indulgences; No Waivers......................................

  • Indulgences; No Waivers..........................................................

  • Section 13.7 Indulgences; No Waivers.......................................

  • Section 15.7 Indulgences; No Waivers........................................

  • Indulgences; No Waivers..........................................

  • Indulgences; No Waivers.........................................................114 Section 11.10.

  • Indulgences; No Waivers...................................................................114 Section 11.10.

  • Section 13.7 Indulgences; No Waivers......................................

Related to Indulgences

  • Forbearance As defined in Section 3.07(a).

  • Waivers means, with respect to a Participating Entity or a Property of which a Participating Entity Interest of Contributor represents a direct or indirect interest, the waiving of any and all rights that Contributor may have with respect to, and (to the extent possible) that any other person may have with respect to, or that may accrue to Contributor or other person upon the occurrence of, a Conveyance Action relating to such Participating Entity or Property, including, but not limited to, the following rights: rights of notice, rights to response periods, rights to purchase the direct or indirect interests of another partner in such Participating Entity or Property or to sell Contributor’s or other person’s direct or indirect interest therein to another partner, rights to sell Contributor’s or other person’s direct or indirect interest therein at a price other than as provided herein, or rights to prohibit, limit, invalidate, otherwise restrict or impair any such Conveyance Action or to cause a termination or dissolution of such Participating Entity because of such Conveyance Action. Contributor further covenants that it will take no action to enjoin, or seek damages resulting from, any Conveyance Action permitted hereunder by any holder of a direct or indirect interest in a Participating Entity or a Property in which a Participating Entity Interest of Contributor represents a direct or indirect interest.

  • Releases means the releases set forth in ¶¶ 5-6 of this Stipulation.

  • Compromise means disclosure of information to unauthorized persons, or a violation of the security policy of a system, in which unauthorized intentional or unintentional disclosure, modification, destruction, or loss of an object, or the copying of information to unauthorized media may have occurred.

  • Endorser means a person who makes an endorsement.