Common use of Waiver of Appraisement Clause in Contracts

Waiver of Appraisement. Valuation, Stay, Extension and Redemption Laws. Grantor agrees, to the full extent permitted by law, that at all times following an Event of Default, neither 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 Deed of Trust 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 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 laws and any and all right to have the assets comprising the Mortgaged Property marshaled upon any foreclosure of the lien hereof and agrees that Beneficiary or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. To the full extent permitted by law, Grantor hereby waives any and all statutory or other rights of redemption from sale under any order or decree of foreclosure of this Deed of Trust, 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 2 contracts

Samples: Deed of Trust (Country Star Restaurants Inc), Deed of Trust (Country Star Restaurants Inc)

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Waiver of Appraisement. ValuationVALUATION, StaySTAY, Extension and Redemption LawsEXTENSION AND REDEMPTION LAWS. Grantor Mortgagor agrees, to the full extent permitted by law, that at all times following an Event of Default, neither Grantor Mortgagor nor anyone claiming through or under it shall or will set up, claim or seek to take advantage of any appraisement, valuation, stay, homestead or extension laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Deed of Trust 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 GrantorMortgagor, 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 marshaled upon any foreclosure of the lien hereof and agrees that Beneficiary the Collateral Agent or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. To the full extent permitted by law, Grantor Mortgagor hereby irrevocably waives any and all statutory or other rights of reinstatement or redemption from sale under any order or decree of foreclosure of this Deed of TrustMortgage, 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 Secured, including, without limitation, any right vested in Mortgagor or any affiliate to limit the right of the Collateral Agent to pursue or commence concurrent actions against Mortgagor or any such affiliate or any property owned by any one or more of them.

Appears in 2 contracts

Samples: Open End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Ironton Iron Inc), Open End Mortgage, Security Agreement, Financing Statement and Assignment of Leases and Rents (Ironton Iron Inc)

Waiver of Appraisement. Valuation, Stay, Extension and Redemption Laws. Grantor Mortgagor agrees, to the full extent permitted by law, that at all times following an Event of Default, neither Grantor 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 Deed of Trust 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 GrantorMortgagor, 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 marshaled upon any foreclosure of the lien hereof and agrees that Beneficiary Mortgagee or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. To the full extent permitted by law, Grantor Mortgagor hereby waives any and all statutory or other rights of redemption from sale under any order or decree of foreclosure of this Deed of TrustMortgage, on its own behalf and on behalf of each and every person person, acquiring any interest in or title to the Mortgaged Property subsequent to the date hereof.

Appears in 1 contract

Samples: Real Estate Mortgage, Security Agreement, Financing Statement and Assignment of Rents and Leases (Sybron Dental Specialties Inc)

Waiver of Appraisement. Valuation, Stay, Extension and Redemption Laws. Grantor Mortgagor agrees, to the full extent permitted by law, that at all times following an Event of a Designated Default, neither Grantor 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 fore closure of this Deed of Trust 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 GrantorMortgagor, 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 marshaled upon any foreclosure of the lien hereof and agrees that Beneficiary Mortgagee or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. To the full extent permitted by law, Grantor Mortgagor hereby waives any and all statutory or other rights of redemption from sale under any order or decree of foreclosure of this Deed of TrustMortgage, 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: Mortgage, Security Agreement, Financing Statement and Assignment of Rents and Leases (Gfsi Inc)

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Waiver of Appraisement. Valuation, Stay, Extension and Redemption Laws. Grantor agrees, Mortgagor agrees to the full extent permitted by law, law that at all times following an Event in case of Defaulta default in its part hereunder, neither Grantor Mortgagor nor anyone claiming through or under it shall or will set up, claim or seek to take advantage of any appraisement, valuation, staystay of execution, notice of election to mature or declare due the whole of the Obligations secured hereby, extension of redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Deed of Trust 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 GrantorMortgagor, 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 marshaled upon any foreclosure of the lien hereof and agrees that Beneficiary Agent or any court having jurisdiction to foreclose such lien may sell the Mortgaged Property in part or as an entirety. To If any law referred to in this paragraph and now in force, of which Mortgagor, its successors and assigns, might take advantage despite this paragraph, shall hereafter be repealed or cease to be in force, such law shall not thereafter be deemed to preclude the full extent permitted by lawapplication of this paragraph. Without limiting the foregoing, Grantor Mortgagor hereby waives any and all statutory or other rights of redemption from sale under any order or decree of foreclosure of this Deed of Trust, Mortgage on its own behalf and on behalf of all persons beneficially interested in the Property and each and every person acquiring except decree and judgment creditors of Mortgagor (in its representative capacity), who may acquire any interest in or title to the Mortgaged Property subsequent to the date hereofthereof.

Appears in 1 contract

Samples: Florida Mortgage, Fixture Filing, Security Agreement and Assignment of Rents and Leases (Tropical Sportswear International Corp)

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