Common use of Waiver of Appraisement, Valuation Clause in Contracts

Waiver of Appraisement, Valuation. Stay, Extension and Redemption Laws. Trustor agrees, to the full extent permitted by law, that in case of an Enforcement Event, neither Trustor nor anyone claiming through or under it shall or will set up, claim or seek to take advantage of any appraisement, valuation, stay, or extension laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Instrument or the absolute sale of the Mortgaged Property or the final and absolute putting into possession thereof, immediately after such sale, of the purchaser thereat, and Trustor, 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 laws, and any and all right to have the assets comprising the Mortgaged Property marshalled upon any foreclosure of the lien hereof and agrees that Trustee, or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. Trustor represents that it has been authorized to, and Trustor does hereby waive to the full extent permitted by law any and all statutory or other rights of redemption from sale under power of sale or from sale under any order or decree of foreclosure of this Instrument, on its own behalf and on behalf of each and every person acquiring any interest in or title to the Mortgaged Property subsequent to the date hereof.

Appears in 3 contracts

Samples: Marconi Corp PLC, Marconi Corp PLC, Marconi Corp PLC

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Waiver of Appraisement, Valuation. Stay, Extension and Redemption Laws. Trustor Mortgagor agrees, to the full extent permitted by law, that in case of an Enforcement Event, neither Trustor Mortgagor nor anyone claiming through or under it shall or will set up, claim or seek to take advantage of any appraisement, valuation, stay, or extension laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Instrument or the absolute sale of the Mortgaged Property or the final and absolute putting into possession thereof, immediately after such sale, of the purchaser thereat, and TrustorMortgagor, 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 laws, and any and all right to have the assets comprising the Mortgaged Property marshalled upon any foreclosure of the lien hereof and agrees that Trustee, or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. Trustor Mortgagor represents that it has been authorized to, and Trustor Mortgagor does hereby waive to the full extent permitted by law any and all statutory or other rights of redemption from sale under power of sale or from sale under any order or decree of foreclosure of this Instrument, on its own behalf and on behalf of each and every person acquiring any interest in or title to the Mortgaged Property subsequent to the date hereof.

Appears in 1 contract

Samples: Leases and Rents and Security Agreement (Marconi Corp PLC)

Waiver of Appraisement, Valuation. Stay, Extension Execution and Redemption Laws. Trustor Without limiting any other provision contained herein, the Mortgagor agrees, to the full extent permitted by law, law that in case of an Enforcement Eventa default on its part hereunder, neither Trustor the Mortgagor nor anyone claiming through or under it shall or will set up, claim or seek to take advantage of any appraisement, valuation, stay, extension or extension redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Instrument Mortgage or the absolute sale of the Mortgaged Property or the final and absolute putting into possession thereof, immediately after such sale, of the purchaser purchasers thereat, and Trustor, the Mortgagor for itself and all who may at any time claim through or under it, hereby waives, to the full extent that it may be lawfully so do, the benefit of all such laws, and any and all right to have the assets comprising the Mortgaged Property marshalled marshaled upon any foreclosure of the lien hereof and agrees that Trustee, the Mortgagee or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. Trustor represents Mortgagor agrees that neither it has been authorized to, and Trustor does hereby waive nor any guarantor will assert a defense in any action to recover a deficiency judgment following a foreclosure that the full extent permitted by law any and all statutory or other rights of redemption from sales price realized at the sale under power of sale or from sale under any order or decree of foreclosure of this Instrument, on its own behalf and on behalf of each and every person acquiring any interest in or title to was less than the Mortgaged Property subsequent to the date hereoffair market value.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Acadia Realty Trust)

Waiver of Appraisement, Valuation. Stay, Extension Execution and Redemption Laws. Trustor Laws Without limiting any other provision contained herein, the Mortgagor agrees, to the full extent permitted by law, law that in case of an Enforcement Eventa default on its part hereunder, neither Trustor the Mortgagor nor anyone claiming through or under it shall or will set up, claim or seek to take advantage of any appraisement, valuation, stay, extension or extension redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Instrument Mortgage or the absolute sale of the Mortgaged Property or the final and absolute putting into possession thereof, immediately after such sale, of the purchaser purchasers thereat, and Trustor, the Mortgagor for itself and all who may at any time claim through or under it, hereby waives, to the full extent that it may be lawfully so do, the benefit of all such laws, and any and all right to have the assets comprising the Mortgaged Property marshalled upon any foreclosure of the lien hereof and agrees that Trustee, the Mortgagee or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. Trustor represents Mortgagor agrees that neither it has been authorized to, and Trustor does hereby waive nor any guarantor will assert a defense in any action to recover a deficiency judgment following a foreclosure that the full extent permitted by law any and all statutory or other rights of redemption from sales price realized at the sale under power of sale or from sale under any order or decree of foreclosure of this Instrument, on its own behalf and on behalf of each and every person acquiring any interest in or title to was less than the Mortgaged Property subsequent to the date hereoffair market value.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Acadia Realty Trust)

Waiver of Appraisement, Valuation. Stay, Extension and Redemption Laws. Trustor Mortgagor agrees, to the full extent permitted by law, that in case of an Enforcement Event, neither Trustor Mortgagor nor anyone claiming through or under it shall or will set up, claim or seek to take advantage of any appraisement, valuation, stay, or extension laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Instrument or the absolute sale of the Mortgaged Property or the final and absolute putting into possession thereof, immediately after such sale, of the purchaser thereat, and TrustorMortgagor, 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 laws, and any and all right to have the assets comprising the Mortgaged Property marshalled upon any foreclosure of the lien hereof and agrees that TrusteeMortgagee, or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. Trustor Mortgagor represents that it has been authorized to, and Trustor Mortgagor does hereby waive to the full extent permitted by law any and all statutory or other rights of redemption from sale under power of sale or from sale under any order or decree of foreclosure of this Instrument, on its own behalf and on behalf of each and every person acquiring any interest in or title to the Mortgaged Property subsequent to the date hereof.

Appears in 1 contract

Samples: Marconi Corp PLC

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Waiver of Appraisement, Valuation. Stay, Extension and Redemption Laws. Trustor Grantor agrees, to the full extent permitted by law, that in case of an Enforcement Event, neither Trustor Grantor nor anyone claiming through or under it shall or will set up, claim or seek to take advantage of any appraisement, valuation, stay, or extension laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Instrument or the absolute sale of the Mortgaged Property or the final and absolute putting into possession thereof, immediately after such sale, of the purchaser thereat, and TrustorGrantor, 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 laws, and any and all right to have the assets comprising the Mortgaged Property marshalled upon any foreclosure of the lien hereof and agrees that TrusteeGrantee, or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. Trustor Grantor represents that it has been authorized to, and Trustor Grantor does hereby waive to the full extent permitted by law any and all statutory or other rights of redemption from sale under power of sale or from sale under any order or decree of foreclosure of this Instrument, on its own behalf and on behalf of each and every person acquiring any interest in or title to the Mortgaged Property subsequent to the date hereof.

Appears in 1 contract

Samples: Marconi Corp PLC

Waiver of Appraisement, Valuation. StaySTAY, Extension and Redemption LawsEXTENSION AND REDEMPTION LAWS. Trustor Mortgagor agrees, to the full extent permitted by law, that in case at all times during the existence of an Enforcement EventEvent of Default, neither Trustor Mortgagor nor anyone claiming through or under it shall or will set up, claim or seek to take advantage of any appraisement, valuation, stay, or extension laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Instrument Mortgage or the absolute sale of the Mortgaged Property or the final and absolute putting into possession thereof, immediately after such sale, of the purchaser thereat, ; and TrustorMortgagor, 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 laws, laws and any and all right to have the assets comprising the Mortgaged Property marshalled marshaled upon any foreclosure of the lien hereof and agrees that Trustee, Mortgagee or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. Trustor represents that it has been authorized to, and Trustor does hereby waive to To the full extent permitted by law law, Mortgagor hereby waives any and all statutory or other rights of redemption from sale under power of sale or from sale under any order or decree of foreclosure of this InstrumentMortgage, on its own behalf and on behalf of each and every person acquiring any interest in or title to the Mortgaged Property subsequent to the date hereof. Mortgagor further waives, to the full extent it may lawfully do so, all statutory or other rights in its favor, limiting concurrent actions to foreclose this Mortgage and exercising other rights with respect to the Obligations.

Appears in 1 contract

Samples: Lady Luck Gaming Corp

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