Incredimail 2011 Annual Report Download - page 145
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Sincerely,
________________
Incredimail Ltd. Signature
12.
Any undertakings by the Company pursuant to this letter and any of the bank's rights hereunder, are additional and independent to any undertakings, guarantees,
and collateral received and/or which will be received from the Company and/or an Interested Parties and/or any of them as the case may be, and will not
influence or be influenced by the aforementioned .
13. Any waiver by the bank of a prior breach or non-
performance of one or more undertakings towards it, whether such an undertaking is included in this
document, or is included in any other document agreed upon between the parties, shall not constitute a justification for any additional breach or non-
performance of any such condition or undertaking. Any abstention by the bank from utilizing any right given to it by virtue of any document and/or any law
shall not constitute a waiver of said right.
14.
For the avoidance of doubt, it is hereby clarified that this letter does not derogate from or reduce in any manner from the Company's undertakings towards the
bank, and/or any right the bank has towards the Company and/or towards Interested Parties pursuant to the General Debit Contract and/or the general conditions
for account management, and any other document signed/or which will be signed by them or by any of them.