Common use of Waiver of Appraisement, Valuation, Stay, Extension and Redemption Laws Clause in Contracts

Waiver of Appraisement, Valuation, Stay, Extension and Redemption Laws. (a) The Mortgagor will not object to any sale of the Encumbered Property made in accordance with the terms and conditions hereof, and for itself and all who may claim under it, the Mortgagor waives, to the extent that it lawfully may, all right to have the Encumbered Property marshaled or to have the Encumbered Property sold as separate estates, parcels, tracts or units in the event of any foreclosure of this Mortgage.

Appears in 4 contracts

Samples: Credit Agreement (ATD Corp), Credit Agreement (ATD Corp), Credit Agreement (American Tire Distributors Holdings, Inc.)

AutoNDA by SimpleDocs

Waiver of Appraisement, Valuation, Stay, Extension and Redemption Laws. (a) The Mortgagor will not object to any sale of the Encumbered Property made in accordance with the terms and conditions hereofpursuant hereto, and for itself and all who may claim under it, the Mortgagor waives, to the extent that it lawfully may, all right to have the Encumbered Property marshaled or to have the Encumbered Property sold as separate estates, parcels, tracts or units in the event of any foreclosure of this Mortgage.

Appears in 2 contracts

Samples: Credit Agreement (Be Aerospace Inc), Security Agreement (Be Aerospace Inc)

Waiver of Appraisement, Valuation, Stay, Extension and Redemption Laws. (a) The Mortgagor will not object to any sale of the Encumbered Mortgaged Property made in accordance with the terms and conditions hereofpursuant hereto, and for itself and all who may claim under it, the Mortgagor waives, to the extent that it lawfully may, all right to have the Encumbered Mortgaged Property marshaled marshalled or to have the Encumbered Mortgaged Property sold as separate estates, parcels, tracts or units in the event of any foreclosure of this Mortgage.

Appears in 1 contract

Samples: Partnership Interest Pledge Agreement (Orion Power Holdings Inc)

AutoNDA by SimpleDocs

Waiver of Appraisement, Valuation, Stay, Extension and Redemption Laws. (a) The Mortgagor will not object to any sale of the Encumbered Mortgaged Property made in accordance with the terms and conditions hereofits entirety pursuant to Section 2.6, and for itself and all who may claim under it, the Mortgagor waives, to the extent that it lawfully may, all right to have the Encumbered Mortgaged Property marshaled marshalled or to have the Encumbered Mortgaged Property sold as separate estates, parcels, tracts or units in the event of any foreclosure of this Mortgage.

Appears in 1 contract

Samples: Collateral Agency Agreement (Ak Steel Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!