Common use of Waiver of Appraisement Rights; Marshaling of Assets Not Required Clause in Contracts

Waiver of Appraisement Rights; Marshaling of Assets Not Required. The Mortgagor, for itself and all who may claim through or under it, covenants that it will not at any time insist upon or plead, or in any manner whatever claim, or take the ben- efit or advantage of, any appraisement, valu- ation, stay, extension or redemption laws now or hereafter in force in any locality where any of the Mortgaged Property may be situated, in order to prevent, delay or hinder the enforcement or foreclosure of this Xxxx- xxxx, or the absolute sale of the Mortgaged Property, or any part thereof, or the final and absolute putting into possession thereof, immediately after such sale, of the purchaser or purchasers thereat, and the Mortgagor, for itself and all who may claim through or under it, hereby waives the benefit of all such laws unless such waiver shall be forbid- den by law. Under no circumstances shall there be any marshalling of assets upon any foreclosure or to other enforcement of this Mortgage.

Appears in 5 contracts

Samples: Mortgage Agreement, Mortgage Agreement, Mortgage and Security Agreement

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Waiver of Appraisement Rights; Marshaling of Assets Not Required. The MortgagorDebtor, for itself and for all who may claim through or under it, covenants that it will not at any time insist upon or plead, or in any manner whatever claimwhatsoever, claim or take the ben- efit benefit or advantage of, any appraisementappraisal, valu- ationvaluation, stay, extension extension, or redemption laws laws, now or hereafter in force in any locality where any of the Mortgaged Property Collateral may be situated, in order to prevent, delay or hinder the enforcement or foreclosure of this Xxxx- xxxxAgreement, or the absolute sale of the Mortgaged PropertyCollateral, or any part thereof, or the final and absolute putting into possession thereof, immediately after such sale, of the purchaser or purchasers purchaser(s) thereat, and the MortgagorDebtor, for itself and for all who may claim through or under it, hereby waives the benefit of all such laws laws, unless such waiver shall be forbid- den forbidden by law. Under no circumstances circumstance shall there be any marshalling of assets upon any foreclosure or to other enforcement of this MortgageAgreement.

Appears in 2 contracts

Samples: Intercreditor Agreement, Intercreditor Agreement (Hemcure Inc)

Waiver of Appraisement Rights; Marshaling of Assets Not Required. The Mortgagor, for itself and all who may claim through or under it, covenants that it will not at any time insist upon or plead, or in any manner whatever claimwhatsoever, claim or take the ben- efit benefit or advantage of, any appraisement, valu- ationvaluation, stay, extension or redemption laws now or hereafter in force in any locality where any of the Mortgaged Property may be situated, in order to prevent, delay or hinder the enforcement or foreclosure of this Xxxx- xxxxMortgage, or the absolute sale of the Mortgaged Property, or any part thereof, or the final and absolute putting into possession thereof, immediately after such sale, of the purchaser or purchasers purchaser(s) thereat, and the Mortgagor, for itself and all who may claim through or under it, hereby waives the benefit of all such laws laws, unless such waiver shall be forbid- den forbidden by law. Under no circumstances circumstance shall there be any marshalling marshaling of assets upon any foreclosure or to other enforcement of this Mortgage.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Financing Statement

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Waiver of Appraisement Rights; Marshaling of Assets Not Required. The Mortgagor, for itself and for all who may claim through or under it, covenants that it will not at any time insist upon or plead, or in any manner whatever claimwhatsoever, claim or take the ben- efit benefit or advantage of, any appraisementappraisal, valu- ationvaluation, stay, extension extension, or redemption laws laws, now or hereafter in force in any locality where any of the Mortgaged Property may be situated, in order to prevent, delay or hinder the enforcement or foreclosure of this Xxxx- xxxxRestated Mortgage, or the absolute sale of the Mortgaged Property, or any part thereof, or the final and absolute putting into possession thereof, immediately after such sale, of the purchaser or purchasers purchaser(s) thereat, and the Mortgagor, for itself and for all who may claim through or under it, hereby waives the benefit of all such laws laws, unless such waiver shall be forbid- den forbidden by law. Under no circumstances circumstance shall there be any marshalling of assets upon any foreclosure or to other enforcement of this Restated Mortgage.

Appears in 1 contract

Samples: Restated Mortgage, Security Agreement and Financing Statement

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