Common use of Stay Clause in Contracts

Stay. Extension and Usury Laws ------------------------------ Each of the Issuers and the Guarantor covenant that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture. Each of the Issuers and the Guarantor (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 2 contracts

Samples: Indenture (United States Steel Corp), Indenture (United States Steel Corp)

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Stay. Extension and Usury Laws ------------------------------ Each of Laws. Parent covenants (to the Issuers and the Guarantor covenant extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may that might affect the covenants or the performance of its obligations under this Indenture. Each of the Issuers Indenture and the Guarantor Exchange Debentures; and Parent (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the TrusteeTrustee pursuant to this Indenture, but will suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 1 contract

Samples: Indenture (Eagle Picher Holdings Inc)

Stay. Extension and Usury Laws ------------------------------ Each of the Issuers Issuer and the Guarantor covenant covenants that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture. Each of the Issuers Issuer and the Guarantor (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 1 contract

Samples: Indenture Agreement (Usx Corp)

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Stay. Extension and Usury Laws ------------------------------ Each of The Company covenants (to the Issuers and the Guarantor covenant extent that it will may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which that may affect the covenants or the performance of this Indenture. Each of the Issuers ; and the Guarantor Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will shall suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 1 contract

Samples: Indenture (Windsor Woodmont Black Hawk Resort Corp)

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