Example ContractsClausesWaiver of Default
Waiver of Default
Waiver of Default contract clause examples

Waiver of Default. No consent or waiver, express or implied, by the Company or a Member with respect to any breach or default by another Member hereunder shall be deemed or construed to be a consent or waiver with respect to any other breach or default by such Member of the same provision or any other provision of this Agreement. Failure on the part of the Company or a Member to complain of any act or failure to act of another Member or to declare such other Member in default shall not be deemed or constitute a waiver by the Company or the Member of any rights hereunder.

Waiver of Default. Collateral Agent and the Lenders hereby waive exercise of their rights and remedies against Borrower under the terms of the Loan Agreement, arising solely as a result of the Existing Event of Default. Collateral Agent’s and the Lenders’ waiver of Borrower’s compliance with [Section 6.12] shall apply only with respect to Borrower’s failure to comply as the result of its Borrower’s creation of Eiger Ireland. Collateral Agent’s and the Lenders’ agreement to waive the Existing Event of Default # in no way shall be deemed an agreement by Collateral Agent or the Lenders to waive Borrower’s compliance with the above-referenced section as of any other date, and # shall not limit or impair Collateral Agent’s or the Lenders’ right to demand strict performance of such section as of all other dates.

Waiver of Default. Red Beard hereby waives those rights granted to it under [Section 5(b)] of the Note, including, without limitation, the acceleration and accumulation of interest at the Default Rate, for any Event of Default arising from, or related to, the Company’s failure to pay dividends on its Series A Convertible Preferred Stock, par value $0.001 (“Series A Preferred”), and the Company’s receipt of that certain notice of default dated August 13, 2020 from certain holders of the Series A Preferred.

Waiver of Default. Red Beard hereby waives those rights granted to it under [Section 5(b)] of the Note, including, without limitation, the acceleration and accumulation of interest at the Default Rate, for any Event of Default arising from, or related to, the Company’s failure to pay dividends on its Series A Convertible Preferred Stock, par value $0.001 (“Series A Preferred”), and the Company’s receipt of that certain notice of default dated August 13, 2020 from certain holders of the Series A Preferred.

Waiver of Default. Red Beard hereby waives those rights granted to it under Section 5(b) of the Note, including, without limitation, the acceleration and accumulation of interest at the Default Rate, for any Event of Default arising from, or related to, the Company’s failure to pay dividends on its Series A Convertible Preferred Stock, par value $0.001 (“Series A Preferred”), and the Company’s receipt of that certain notice of default dated August 13, 2020 from certain holders of the Series A Preferred.

Waiver of Default. Red Beard hereby waives those rights granted to it under [Section 5(b)] of the Note, including, without limitation, the acceleration and accumulation of interest at the Default Rate, for any Event of Default arising from, or related to, the Company’s failure to pay dividends on its Series A Convertible Preferred Stock, par value $0.001 (“Series A Preferred”), and the Company’s receipt of that certain notice of default dated August 13, 2020 from certain holders of the Series A Preferred.

Waiver of Default. No waiver by Landlord of any violation or breach by Tenant of any of the terms, provisions and covenants herein contained shall be deemed or construed to constitute a waiver of any other or later violation or breach by Tenant of the same or any other of the terms, provisions, and covenants herein contained. Forbearance by Landlord in enforcement of one or more of the remedies herein provided upon a default by Tenant shall not be deemed or construed to constitute a waiver of such default. The acceptance of any Rent hereunder by Landlord following the occurrence of any default, whether or not known to Landlord, shall not be deemed a waiver of any such default, except only a default in the payment of the Rent so accepted.

WAIVER OF DEFAULT. Failure of Landlord to declare any default immediately upon occurrence thereof, or delay in taking any action in connection therewith, shall not waive such default, but Landlord shall have the right to declare any such default at any time and take such action as may be lawful or authorized hereunder, in law and/or in equity. No waiver by Landlord of a default by Tenant shall be implied, and no express waiver by Landlord shall affect any default other than the default specified in such waiver and that only for the time and extension therein stated. No waiver of any term, provision, condition or covenant of this Lease by Landlord shall be deemed to imply or constitute a further waiver by Landlord of any other term, provision, condition or covenant of this Lease.

Waiver of Default. The Bank may, in its sole discretion, by written notice to the Borrower, at any time and from time to time, waive any Event of Default and its consequences, or any default in the performance or observance of any condition, covenant, or other term hereof and its consequences. Any such waiver shall be for such period and subject to such conditions as shall be specified in any such notice. In the case of any such waiver, the Borrower and the Bank shall be restored to their former positions prior to such Event of Default or default and shall have the same rights as they had thereto, and any Event of Default or default so waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Event of Default or default, or impair any right consequent thereto.

Waiver of Default. Conditioned upon the payment of the Cash Payment, the Escrow Release and delivery of the Restated Note, [[GameStop:Organization]] hereby irrevocably and unconditionally waives any and all Events of Default (as defined in the Inventory Note) under the Inventory Note in existence up to and including the Effective Date.

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