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 shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law or any other law that would prohibit or forgive the Company from paying all or any portion of the principal of, premium, if any, or interest on the Securities as contemplated herein, whenever enacted, now or at any time hereafter in force, or which 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 shall suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 2 contracts

Samples: Indenture (International Fast Food Corp), Indenture (International Fast Food 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 shall 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 stayattempts to claim the benefit of, any stay or extension or 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, premium, if any, of or interest on the Securities Notes as contemplated herein, whenever wherever enacted, now or at any time hereafter in force, or which 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 shall will suffer and permit the execution of every such power as though no such law has had been enacted.

Appears in 2 contracts

Samples: Indenture (Aztar Corp), Indenture (Aztar Corp)

Waiver of Stay, Extension and Usury Laws. The Company covenants and Subsidiaries covenant (to the extent that it they may lawfully do so) that it shall they will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law Law or any other law that Law which would prohibit or forgive the Company or such Subsidiary from paying all or any portion of the principal of, premium, if any, or and/or interest on the Securities as contemplated herein, whenever Notes wherever such Law is or may be enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Indenture, Agreement and the Notes; and the Company and each of the Subsidiaries (to the extent that it they may lawfully do so) the Company hereby expressly waives waive all benefit or advantage of any such lawLaw, and covenants covenant that it they will not not, by resort to any such Law, hinder, delay or impede the execution of any power herein granted to the TrusteeHolders, but shall will suffer and permit the execution of every such power as though no such law has had been enacted.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Intracel Corp), Securities Purchase Agreement (Intracel Corp)

Waiver of Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law law, wherever enacted, now or at any other law that hereafter in force, which would prohibit or forgive the Company from paying all or any portion of the principal of, premium, if any, or interest on the Securities as contemplated herein, whenever enacted, now herein or at any time hereafter in force, the Securities or 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 lawlaw insofar as such law applies to the Securities, 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 TrusteeTrustee relating to any such law, but shall will suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 2 contracts

Samples: Indenture (World Color Press Inc /De/), Indenture (World Color Press Inc /De/)

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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 shall will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, stay or extension law or any usury law or any other law that which would prohibit or forgive the Company from paying all or any portion of the principal Redemption Price or Repurchase Price of, premium, if any, or interest on on, the Securities as contemplated herein, whenever wherever enacted, now or at any time hereafter in force, or which 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 shall will suffer and permit the execution of every such power as though no such law has had been enacted.

Appears in 1 contract

Samples: Indenture (Getty Images Inc)

Waiver of Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any other law that time hereafter in force, which would prohibit or forgive the Company from paying all or any portion of the principal of, premium, if any, of or interest on the Securities as contemplated herein, whenever enacted, now or at any time hereafter in force, herein or 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 lawlaw insofar as such law applies to the Securities, 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 shall will suffer and permit the execution of every such power as though through no such law has been enacted.

Appears in 1 contract

Samples: Indenture (World Color Press Inc /De/)

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