Common use of Statutory Waivers Clause in Contracts

Statutory Waivers. To the maximum extent permitted by law, the Obligor waives all of the rights, benefits and protections given by any present or future statute that imposes limits on the rights, remedies or powers of the Credit Union or on the methods of realization of security, including any seize or sue or anti-deficiency statute or any similar provisions of any other statute. In particular, the Obligor waives all rights, benefits and protections given by sections 47 and 50 of the Law of Property Act (Alberta) insofar as they extend to or relate to any Collateral.

Appears in 5 contracts

Samples: Security Agreement, Security Agreement, Security Agreement

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