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, wherever enacted, now or at any 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 or in 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) hereby expressly waives all benefit or advantage of any such law insofar as such law applies to the Securities, and covenants that it shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee relating to any such law, but 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 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 law or at any hereafter in force, which 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 herein, whenever enacted, now or at any time hereafter in the Securities force, 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 law insofar as such law applies to the Securitieslaw, and covenants that it shall not, by resort to any such law, will not hinder, delay or impede the execution of any power herein granted to the Trustee relating to any such lawTrustee, but will 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 law or any usury law, wherever enacted, now or at any hereafter in force, which 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 herein, wherever enacted, now or at any time hereafter in the Securities force, or which that 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 insofar as such law applies to the Securitieslaw, and covenants that it shall not, by resort to any such law, will not hinder, delay or impede the execution of any power herein granted to the Trustee relating to any such lawTrustee, but 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)

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