Common use of Waivers and Extensions Clause in Contracts

Waivers and Extensions. (a) The Holder may waive default or any breach by the Corporation of any of the provisions contained in this Convertible Debenture. No waiver extends to a subsequent breach or default, whether or not the same as or similar to the breach or default waived, and no act or omission of the Holder extends to or is be taken in any manner to affect any subsequent breach or default of the Corporation or the rights of the Holder resulting therefrom. Any such waiver must be in writing and signed by the Holder to be effective.

Waivers and Extensions. (a) The Holder may waive default or any breach by the Corporation of any of the provisions contained in this Convertible Debenture. No waiver extends to a subsequent breach or default, whether or not the same as or similar to the breach or default waived, and no act or omission of the Holder extends to or is to be taken in any manner to affect any subsequent breach or default of the Corporation or the rights of the Holder resulting therefrom. Any such waiver must be in writing and signed by the Holder to be effective.