No Waiver of Preferred Status. Nothing contained herein shall be construed as a waiver by the Mortgagee of the preferred status of this Fleet Mortgage, and any provision which would otherwise constitute such a waiver shall to such extent be of no force or effect.
Appears in 4 contracts
Samples: Loan Agreement (Jeffboat LLC), First Preferred Fleet Mortgage (Danielson Holding Corp), First Preferred Fleet Mortgage (Danielson Holding Corp)
