Waiver or Release Clause Examples
A Waiver or Release clause serves to relinquish or forgo certain rights, claims, or obligations that one party may have against another under a contract. In practice, this clause may specify that if a party fails to enforce a particular right or accepts a breach without objection, they do not lose the ability to enforce other rights or future breaches. For example, if a party overlooks a missed payment once, it does not mean they have permanently given up the right to demand timely payments in the future. The core function of this clause is to prevent the unintended loss of contractual rights and to clarify that leniency or inaction in one instance does not set a binding precedent for future conduct.
Waiver or Release.ÌýAny waiver or release of any conditions of this Arrangement Agreement, to be effective, must be in writing executed by the Party for whom such condition is expressed by this Agreement to benefit.
Waiver or Release.Ìý28.1 Consent of the parties to deviate from any of the provisions of this Agreement in a particular case or another concession or delay provided to one party by the other shall not constitute a precedent, and no inference by analogy shall be drawn from it in respect of any other case.
28.2 If a party does not exercise any of the rights conferred upon it by this Agreement in a particular instance, such fact shall not be regarded as a release or waiver of those rights in any other instance and shall not be construed as any release or waiver of the rights of the parties and authorities granted pursuant to considered as implying or indicating a waiver of any rights of the parties or conditions to their authorities under this Agreement. Any waiver, extension or abstention or delay or concession granted by one party to the other shall be effective only if provided in writing, and shall apply only to the circumstance for which it was given.
Waiver or Release.ÌýIf Leerink Xxxxx, in its sole discretion, consents in writing to the release or waiver of the restrictions set forth in the lock-up agreements for an officer or director of the Company, and provides the Company with notice of the impending release or waiver, the Company agrees to announce the impending release or waiver by a press release substantially in the form of Exhibit C hereto through a major news service at least two business days before the effective date of the release or waiver.
Waiver or Release.ÌýThe Purchaser may release, compromise or grant time or any other indulgence to the Company or the Seller in respect of any of the obligations and undertakings of the Company or the Seller hereunder without affecting the liability or obligations of the Company or the Seller with respect to any other obligation or undertaking.
Waiver or Release.ÌýEither (i) the holders of at least 50% of the outstanding principal amount of the Note ( as defined in that certain Indenture dated April 23, 1998, between Xxxxx-Xxxxx and X. Xxxx Price New Income Fund, Inc.) shall have waived Section 10 (d) of the Indenture as to the Bank; (ii) the Maryland Commissioner of Financial Regulation and Federal Reserve Board shall have released the Bank from its agreement not to
Waiver or Release.ÌýIf Stifel and Canaccord, in their sole discretion, consent in writing to the release or waiver of the restrictions set forth in the lock-up agreements for an officer or director of the Company, and provide the Company with notice of the impending release or waiver, the Company agrees to announce the impending release or waiver by a press release substantially in the form of Exhibit B hereto through a major news service at least two business days before the effective date of the release or waiver.
Waiver or Release.ÌýExcept in the ordinary course of business and in amounts less than $10,000, waive or release any material right or collateral or cancel or compromise any extension of credit or other debt or claim.
Waiver or Release.ÌýExcept in the ordinary course of business or in amounts less than $10,000 individually or in the aggregate, waive or release any material right or collateral or cancel or compromise any extension of credit or other debt or claim.
Waiver or Release.ÌýTermination of this Agreement by either party shall not act as a waiver of any breach of this Agreement and shall not act as a release of either party from any liability for breach of such party’s obligations under this Agreement. Neither party will be liable to the other for damages of any kind, which arise solely as a result of terminating this Agreement in accordance with its terms; and termination of this Agreement by a party will be without prejudice to any other right or remedy of such party under this Agreement or applicable law.
Waiver or Release.ÌýIf the holder of a power of appointment permanently releases the power in a manner that is valid under applicable local law, the persons that would be potential cur- rent beneficiaries solely because of the power will not be potential current beneficiaries after the effective date of the release. An attempt to temporarily waive, release, or limit a currently ex- ercisable power of appointment will be ignored in determining who are poten- tial current beneficiaries of the trust.