CDP may waive or vary a Rule to suit the circumstances of a particular case, unless the Rule specifies that CDP shall not waive or vary it. CDP may grant a waiver subject to such conditions as it considers appropriate. A waiver is only effective if the conditions are satisfied.

Added on 10 December 201810 December 2018.

No failure by CDP to exercise or enforce any rights conferred upon it by these Rules shall be deemed to be a waiver of any such rights or operate so as to bar the exercise or enforcement thereof at any subsequent time or times. A Settlement Participant shall not be entitled to rely on a delay in the exercise or non-exercise of a right arising from a breach or non-performance of the Rules or on a default under the Rules as constituting a waiver of that right.

Added on 10 December 201810 December 2018.