Delay or Omission Not Waiver — Bond Indenture

Description

This smart field captures provisions specifying that a delay or omission by the trustee or any holder of the corporate debt securities in exercising its right or remedy maturing upon an event of default will not impair the right or remedy or constitute a waiver of or acquiescence in the event of default. This smart field was trained on investment grade and high yield corporate debt security indentures governed by the laws of the United States and Canada.