Waiver and Amendment Clause Example from Business Contracts

Waiver and Amendment. Except as otherwise set forth in Section 13 of the Plan, any waiver, alteration, amendment or modification of any of the terms of this LTIP Unit Award Agreement shall be valid only if made in writing and signed by the parties hereto; provided, however, that any such waiver, alteration, amendment or modification is consented to on the Partnership's behalf by the Committee. No waiver by either of the parties hereto of their rights hereunder shall be deemed to constitute a waiver with respect to an...y subsequent occurrences or transactions hereunder unless such waiver specifically states that it is to be construed as a continuing waiver. View More