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

Waiver of Stay, Extension and Usury Laws. The Issuer 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 any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of the Indenture or the Notes; and the Issuer (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not resort to any such law, 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 has been enacted.

Appears in 3 contracts

Samples: First Supplemental Indenture (Phillips 66 Partners Lp), Second Supplemental Indenture (Phillips 66 Partners Lp), Third Supplemental Indenture (Phillips 66 Partners Lp)

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Waiver of Stay, Extension and Usury Laws. The Issuer 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 any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of the this Indenture or the NotesSecurities; and the Issuer (to the extent it may lawfully do so) 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 suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 2 contracts

Samples: Indenture (Phillips 66 Partners Lp), Indenture (Phillips 66 Partners Lp)

Waiver of Stay, Extension and Usury Laws. The Issuer covenants (to the extent that it they may lawfully do so) that it they will 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 time hereafter in force, which may affect the covenants or the performance of the this Indenture or the NotesSecurities; and the Issuer (to the extent it they may lawfully do so) hereby expressly waives all benefit or advantage of any such law 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 Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 1 contract

Samples: Indenture (Phillips 66 Partners Lp)

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Waiver of Stay, Extension and Usury Laws. The Issuer covenants Issuers covenant (to the extent that it they may lawfully do so) that it they will 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 time hereafter in force, which may affect the covenants or the performance of the this Indenture or the NotesSecurities; and the Issuer Issuers (to the extent it they may lawfully do so) hereby expressly waives waive all benefit or advantage of any such law 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 Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 1 contract

Samples: Indenture (Phillips 66 Partners Finance Corp)

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