Waiver of Appraisement, Valuation, Etc. Grantor agrees, to the full extent permitted by Applicable Law, that neither Grantor nor anyone claiming through or under Grantor will set up, claim or seek to take advantage of any moratorium, reinstatement, forbearance, appraisement, valuation, stay, extension, homestead, exemption or redemption laws now or hereafter in force in order to prevent or hinder the enforcement or foreclosure of this Security Instrument or the absolute sale of the Collateral, the delivery of possession thereof immediately after such sale to the purchaser at such sale, or the exercise of any other right or remedy hereunder. Grantor, for itself and all who may at any time claim through or under it, hereby waives to the full extent that it may lawfully so do, the benefit of all such Applicable Laws, and any and all right to have assets subject to the Lien of this Security Instrument marshaled upon any foreclosure or sale under the power herein granted or a sale in inverse order of alienation.
Appears in 3 contracts
Samples: Security Agreement (Morgans Hotel Group Co.), Mortgage, Security Agreement (Morgans Hotel Group Co.), Security Agreement (Morgans Hotel Group Co.)
Waiver of Appraisement, Valuation, Etc. Grantor agrees, to the full extent permitted by Applicable Lawlaw, that in case of a default on the part of Grantor hereunder, neither Grantor nor anyone claiming through or under Grantor will set up, claim or seek to take advantage of any moratorium, reinstatement, forbearance, appraisement, valuation, stay, extension, homestead, exemption or redemption laws now or hereafter in force force, in order to prevent or hinder the enforcement or foreclosure of this Security Instrument Deed, or the absolute sale of the CollateralPremises, or the delivery of possession thereof immediately after such sale to the purchaser at such sale, or the exercise of any other right or remedy hereunder. and Grantor, for itself and all who may at any time claim through or under it, hereby waives to the full extent that it may lawfully so do, the benefit of all such Applicable Lawslaws, and any and all right to have assets the asset subject to the Lien security interest of this Security Instrument Deed marshaled upon any foreclosure or sale under the power herein granted or a sale in inverse order of alienationgranted.
Appears in 1 contract
Samples: , and Security Agreement (Roberts Realty Investors Inc)
Waiver of Appraisement, Valuation, Etc. Grantor Owner agrees, to the full extent permitted by Applicable Law, that neither Grantor Owner nor anyone claiming through or under Grantor Owner will set up, claim or seek to take advantage of any moratorium, reinstatement, forbearance, appraisement, valuation, stay, extension, homestead, exemption or redemption laws now or hereafter in force in order to prevent or hinder the enforcement or foreclosure of this Security Instrument or the absolute sale of the Collateral, the delivery of possession thereof immediately after such sale to the purchaser at such sale, or the exercise of any other right or remedy hereunder. GrantorOwner, for itself and all who may at any time claim through or under it, hereby waives to the full extent that it may lawfully so do, the benefit of all such Applicable Laws, and any and all right to have assets subject to the Lien of this Security Instrument marshaled upon any foreclosure or sale under the power herein granted or a sale in inverse order of alienation.
Appears in 1 contract
Samples: Assignment and Acceptance Agreement (U-Store-It Trust)