Common use of Waiver of Appraisement Clause in Contracts

Waiver of Appraisement. Valuation, Stay, Extension and Redemption Laws. Trustor agrees to the full extent permitted by law that if an Event of Default occurs, 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, extension or redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Deed of Trust or the absolute sale of the Trust Estate or any portion thereof or the final and absolute putting into possession thereof, immediately after such sale, of the purchasers thereof, 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 Trust Estate marshalled upon any foreclosure of the lien hereof and agrees that Trustee or any court having jurisdiction to foreclose such lien may sell the Trust Estate in part or as an entirety.

Appears in 3 contracts

Samples: Loan and Guaranty Agreement (Showboat Inc), Deed of Trust (Grand Canal Shops Mall Construction LLC), Deed of Trust (Riviera Holdings Corp)

AutoNDA by SimpleDocs

Waiver of Appraisement. Valuation, Stay, Extension and Redemption Laws. Trustor Grantor agrees to the full extent permitted by law that if an Event in case of Default occursa default in its part hereunder, neither Trustor Grantor nor anyone claiming through or under it Grantor shall or will set up, claim or seek to take advantage of any appraisement, valuation, stay, extension or redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Deed of Trust or the absolute sale of the Trust Estate or any portion thereof Property or the final and absolute putting into possession thereof, immediately after such sale, of the purchasers thereofthereat, and Trustor Grantor, for itself and all who may at any time claim through or under itGrantor, hereby waives, to the full extent that it Grantor may lawfully so do, the benefit of all such laws, and any and all right to have the assets comprising the Trust Estate marshalled Property marshaled upon any foreclosure of the lien hereof and agrees that Trustee or any court having jurisdiction to foreclose such lien may sell the Trust Estate Property in part or as an entirety.

Appears in 3 contracts

Samples: Leasehold Deed of Trust (Golfsmith International Holdings Inc), Leasehold Deed of Trust (Golfsmith International Holdings Inc), Leasehold Deed of Trust (Golfsmith International Holdings Inc)

Waiver of Appraisement. Valuation, Stay, Extension and Redemption Laws. Trustor agrees to the full extent permitted by law that if an Event in case of Default occursa default on its part hereunder, 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, extension or redemption laws now or hereafter in force, force in order to prevent or hinder the enforcement or foreclosure of this Deed of Trust or the absolute sale of the Trust Estate or any portion thereof Property or the final and absolute putting into possession thereof, immediately after such sale, of the purchasers thereof, and Trustor 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 Trust Estate marshalled Property marshaled upon any foreclosure of the lien hereof and agrees that the Trustee or any court having jurisdiction to foreclose such lien may sell the Trust Estate Property in part or as an entirety.

Appears in 1 contract

Samples: Deed of Trust, Security Agreement and Assignment of Leases and Rents (Trex Co Inc)

AutoNDA by SimpleDocs

Waiver of Appraisement. Valuation, Stay, Extension and Redemption Laws. Trustor Debtor agrees to the full extent permitted by law that if an Event of Default occurs, neither Trustor Debtor 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 redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Deed of Trust Instrument or the absolute sale of the Trust Estate Collateral or any portion thereof or the final and absolute putting into possession thereof, immediately after such sale, of the purchasers thereof, and Trustor Debtor 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 dodo so, the benefit of all such laws, and any and all right to have the assets comprising the Trust Estate marshalled Collateral marshaled upon any foreclosure of the lien hereof and agrees that Trustee the Trustee, Secured Party or any court having jurisdiction to foreclose such lien may sell the Trust Estate Collateral in part or as an entirety.

Appears in 1 contract

Samples: Indenture (Prime Hospitality Corp)

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