Waiver and Estoppel. (a) Each Credit Party agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting it to direct the order in which the Collateral shall be sold, now or at any time hereafter in force which may delay, prevent or otherwise affect the performance or enforcement of this Agreement, and each Credit Party hereby waives all benefit or advantage of all such laws to the extent permitted by law. Each Credit Party covenants that it will not hinder, delay or impede the execution of any power granted to the Collateral Agent, the Administrative Agent or any other Secured Party in any Finance Document.
Appears in 2 contracts
Samples: Credit Agreement (Be Aerospace Inc), Security Agreement (Be Aerospace Inc)
Waiver and Estoppel. (a) Each Credit Loan Party agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting it to direct the order in which the Collateral shall be sold, now or at any time hereafter in force which may delay, prevent or otherwise affect the performance or enforcement of this Agreement, and each Credit Loan Party hereby waives all benefit or advantage of all such laws to the extent permitted by lawlaws. Each Credit Loan Party covenants that it will not hinder, delay or impede the execution of any power granted to the Collateral Agent, the Administrative Agent or any other Secured Finance Party in any Finance Document.
Appears in 2 contracts
Samples: Pledge Agreement (Central Credit, LLC), Pledge Agreement (Duane Reade Holdings Inc)
Waiver and Estoppel. (a) Each Credit Loan Party agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting it to direct the order in which the Collateral shall be sold, now or at any time hereafter in force which may delay, prevent or otherwise affect the performance or enforcement of this Amended Agreement, and each Credit Loan Party hereby waives all benefit or advantage of all such laws to the extent permitted by lawlaws. Each Credit Loan Party covenants that it will not hinder, delay or impede the execution of any power granted to the Collateral Agent, the Administrative Agent or any other Secured Finance Party in any Finance Document.
Appears in 1 contract
Samples: Pledge Agreement (Duane Reade)
Waiver and Estoppel. (a) Each Credit Loan Party agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption lawLaw, or any law Law permitting it to direct the order in which the Collateral shall be sold, now or at any time hereafter in force which may delay, prevent or otherwise affect the performance or enforcement of this Agreement, and each Credit Loan Party hereby waives all benefit or advantage of all such laws Laws to the extent permitted by lawLaw. Each Credit Loan Party covenants that it will not hinder, delay or impede the execution of any power granted to the Senior Collateral Agent, the Administrative Agent or any other Secured Finance Party in any Finance Document.
Appears in 1 contract
Waiver and Estoppel. (a) Each Credit Loan Party agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption lawLaw, or any law Law permitting it to direct the order in which the Collateral shall be sold, now or at any time hereafter in force which may delay, prevent or otherwise affect the performance or enforcement of this Agreement, and each Credit Loan Party hereby waives all benefit or advantage of all such laws Laws to the extent permitted by lawLaw. Each Credit Loan Party covenants that it will not hinder, delay or impede the execution of any power granted to the Collateral Agent, the Administrative Agent or any other Secured Party in any Finance Document.
Appears in 1 contract
Waiver and Estoppel. (a) Each Credit Loan Party agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption lawLaw, or any law Law permitting it to direct the order in which the Collateral shall be sold, now or at any time hereafter in force which may delay, prevent or otherwise affect the performance or enforcement of this Agreement, and each Credit Loan Party hereby waives all benefit or advantage of all such laws Laws to the extent permitted by lawLaw. Each Credit Loan Party covenants that it will not hinder, delay or impede the execution of any power granted to the Collateral Agent, the Administrative Agent or any other Secured Finance Party in any Finance Document.
Appears in 1 contract
Waiver and Estoppel. (a) Each Credit Loan Party agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption lawLaw, or any law Law permitting it to direct the order in which the Collateral shall be sold, now or at any time hereafter in force which may delay, prevent or otherwise affect the performance or enforcement of this Agreement, and each Credit Loan Party hereby waives all benefit or advantage of all such laws Laws to the extent permitted by lawLaw. Each Credit Loan Party covenants that it will not hinder, delay or impede the execution of any power granted to the Collateral Agent, the Administrative Agent or any other Secured Credit Party in any Finance Loan Document.
Appears in 1 contract
Samples: Pledge Agreement (Sbarro Inc)