The waiver by CSE of strict observance or performance of any term of this Agreement or the Ticket Terms or of any breach of this Agreement on the part of the Member or of any breach of the Ticket Terms on the part of the Member or any individual using any of the Member's Package tickets shall not be held or deemed to be a waiver of any subsequent failure to observe or perform the same or any other term of this Agreement or the Ticket Terms or any breach thereof. The invalidity of any provision of this Agreement or the Ticket Terms shall in no way affect the validity of any other provision hereof or thereof. Time shall be of the essence hereof and thereof.