The failure of either of the parties hereto to exercise any of its rights provided for under this Contract or any subsequent agreements or transactions relating hereto shall not constitute a waiver of such rights. Any waiver by either of the parties hereto of any breach of any of the terms, provisions or covenants of this Contract or any subsequent agreements or transactions relating hereto shall not constitute a waiver of any subsequent breach of the same or other terms, provisions or covenants of this Contract or any subsequent agreements or transactions relating hereto.