Common use of Waiver of Stay, Extension and Usury Laws Clause in Contracts

Waiver of Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, and will actively resist any attempts to claim the benefit of, any stay or extension law or any usury or other law that would prohibit or forgive the Company from paying all or any portion of the principal of or interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or that may affect the covenants or the performance of this Indenture; and (to the extent that it may lawfully do so) the Company hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 3 contracts

Samples: Aztar Corp, Aztar Corp, Aztar Corp

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Waiver of Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, and will actively resist any attempts to claim the benefit ofstay, any stay or extension law or any usury law or other law that would prohibit or forgive the Company from paying all or any portion of the principal of or interest its obligations on the Notes Securities as contemplated provided herein, wherever enacted, now or at any time hereafter in force, or that which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) the Company hereby expressly waives all benefit or advantage of any such law, law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 3 contracts

Samples: Indenture (Orbital Sciences Corp /De/), Indenture (Cypress Semiconductor Corp /De/), Ventro Corp

Waiver of Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, and will actively resist any attempts to claim the benefit ofstay, any stay or extension law or any usury law or other law that would prohibit or forgive the Company from paying all or any portion of the principal of or interest its obligations on the Notes Securities as contemplated provided herein, wherever enacted, now or at any time hereafter in force, or that which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) the Company hereby expressly waives all benefit or advantage of any such law, law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted.. ARTICLE SIX

Appears in 2 contracts

Samples: Indenture (Veritas Software Corp), Vantive Corp

Waiver of Stay, Extension and Usury Laws. The Company covenants (that, to the extent that it may lawfully do so) that , it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, and will actively resist any attempts to claim the benefit ofstay, any stay extension or extension usury law or any usury or other law that would prohibit or forgive the Company from paying all or any portion of the principal of or interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or that may affect (i) the covenants or the performance of this Indenture, (ii) the foreclosure of the Collateral Documents, or (iii) the sale of any of the Collateral; and (the Company, to the extent that it may lawfully do so) the Company , hereby expressly waives all benefit or advantage of any such law, and covenants that it will not not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will instead suffer and permit the execution of every such power as though no such law had has been enacted.

Appears in 2 contracts

Samples: Indenture (Sunedison, Inc.), Sunedison, Inc.

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Waiver of Stay, Extension and Usury Laws. The Each of the Company and the Restricted Subsidiaries covenants (to the extent that it may lawfully do so) that it will shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, and will actively resist any attempts to claim the benefit ofstay, any stay extension or extension usury law or any usury or other law that would prohibit or forgive the Company from paying all or any portion of the principal of or interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or that may affect the covenants or the performance of this Indenture; and each of the Company and the Restricted Subsidiaries (to the extent that it may lawfully do so) the Company hereby expressly waives all benefit or advantage of any such law, and covenants that it will not shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will shall suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Indenture (Gulfmark Offshore Inc)

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