Common use of Waiver of Stay, Extension, Moratorium Laws; Equity of Redemption Clause in Contracts

Waiver of Stay, Extension, Moratorium Laws; Equity of Redemption. To the maximum extent permitted by law, the Mortgagor shall not at any time insist upon, or plead, or in any manner whatever claim or take any benefit or advantage of any applicable present or future stay, extension or moratorium law, that may affect observance or performance of the provisions of this Mortgage; nor claim, take or insist upon any benefit or advantage of any present or future law providing for the valuation or appraisal of the Mortgage Estate or any portion thereof prior to any sale or sales thereof that may be made under or by virtue of Section 4.02; and the Mortgagor, to the extent that it lawfully may, hereby waives all benefit or advantage of any such law or laws. The Mortgagor for itself and all who may claim under it, hereby waives, to the maximum extent permitted by applicable law, any and all rights and equities of redemption from sale under the power of sale created hereunder or from sale under any order or decree of foreclosure of this Mortgage and (if a Default shall have occurred) all notice or notices of seizure, and all right to have the Mortgage Estate marshalled upon any foreclosure hereof. The Mortgagee shall not be obligated to pursue or exhaust its rights or remedies as against any other part of the Mortgage Estate and the Mortgagor hereby waives any right or claim of right to have the Mortgagee proceed in any particular order.

Appears in 7 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc), Financing Agreement (First Wind Holdings Inc.)

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Waiver of Stay, Extension, Moratorium Laws; Equity of Redemption. To the maximum extent permitted by law, the Mortgagor shall not at any time insist upon, or plead, or in any manner whatever claim or take any benefit or advantage of any applicable present or future stay, extension or moratorium law, that may affect observance or performance of the provisions of this Mortgage; nor claim, take or insist upon any benefit or advantage of any present or future law providing for the valuation or appraisal of the Mortgage Estate or any portion thereof prior to any sale or sales thereof that may be made under or by virtue of Section 4.025.02 hereof; and the Mortgagor, to the extent that it lawfully may, hereby waives all benefit or advantage of any such law or laws. The Mortgagor for itself and all who may claim under it, hereby waives, to the maximum extent permitted by applicable law, any and all rights and equities of redemption from sale under the power of sale created hereunder or from sale under any order or decree of foreclosure of this Mortgage and (if a Default shall have occurred) all notice or notices of seizure, and all right to have the Mortgage Estate marshalled upon any foreclosure hereof. The Mortgagee shall not be obligated to pursue or exhaust its rights or remedies as against any other part of the Mortgage Estate and the Mortgagor hereby waives any right or claim of right to have the Mortgagee proceed in any particular order.

Appears in 2 contracts

Samples: Agreement and Fixture Filing, Agreement and Fixture Filing

Waiver of Stay, Extension, Moratorium Laws; Equity of Redemption. To the maximum extent permitted by law, the Mortgagor shall not at any time insist upon, or plead, or in any manner whatever claim or take any benefit or advantage of any applicable present or future stay, extension or moratorium law, that may adversely affect the observance or performance of the provisions of this Mortgage; nor claim, take or insist upon any benefit or advantage of any present or future law providing for the valuation or appraisal of the Mortgage Estate or any portion thereof prior to any sale or sales thereof that may be made under or by virtue of Section 4.02; and the Mortgagor, to the extent that it lawfully may, hereby waives all benefit or advantage of any such law or laws. The Mortgagor for itself and all who may claim under it, hereby waives, to the maximum extent permitted by applicable law, any and all rights and equities of redemption from sale under the power of sale created hereunder or from sale under any order or decree of foreclosure of this Mortgage and (if a an Event of Default shall have occurred) all notice or notices of seizure, and all right to have the Mortgage Estate marshalled upon any foreclosure hereof. The Mortgagee shall not be obligated to pursue or exhaust its rights or remedies as against any other part of the Mortgage Estate and the Mortgagor hereby waives any right or claim of right to have the Mortgagee proceed in any particular order.

Appears in 1 contract

Samples: Multiple Indebtedness Mortgage (Texas Unwired)

Waiver of Stay, Extension, Moratorium Laws; Equity of Redemption. To the maximum extent permitted by law, the Mortgagor shall not at any time insist upon, or plead, or in any manner whatever claim or take any benefit or advantage of any applicable present or future stay, extension or moratorium law, that may affect observance or performance of the provisions of this Mortgage; nor claim, take or insist upon any benefit or advantage of any present or future law providing for the valuation or appraisal of the Mortgage Estate Property or any portion thereof prior to any sale or sales thereof that may be made under or by virtue of Section 4.02; and the Mortgagor, to the extent that it lawfully may, hereby waives all benefit or advantage of any such law or laws. The Mortgagor for itself and all who may claim under it, hereby waives, to the maximum extent permitted by applicable law, any and all rights and equities of redemption from sale under the power of sale created hereunder or from sale under any order or decree of foreclosure of this Mortgage and (if a Default shall have occurred) all notice or notices of seizure, and all right to have the Mortgage Estate Property marshalled upon any foreclosure hereof. The To the extent permitted by applicable law, the Mortgagee shall not be obligated to pursue or exhaust its rights or remedies as against any other part of the Mortgage Estate Property and the Mortgagor hereby waives any right or claim of right to have the Mortgagee proceed in any particular order.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (MGP Ingredients Inc)

Waiver of Stay, Extension, Moratorium Laws; Equity of Redemption. To the maximum extent permitted by law, the Mortgagor shall not at any time (a) insist upon, or plead, plead or in any manner whatever claim or take any benefit or advantage of any applicable present or future stay, extension or moratorium law, that may affect observance law or performance of the provisions of this Mortgage; nor (b) claim, take or insist upon any benefit or advantage of any present or future law providing for the valuation or appraisal of the Mortgage Estate or any portion thereof Mortgaged Property prior to any sale or sales thereof that which may be made under or by virtue of Section 4.02the provisions hereof; and the Mortgagor, to the extent that it lawfully may, Mortgagor hereby waives all benefit or advantage of any such law or laws. The Mortgagor Mortgagor, for itself and all who may claim under it, hereby waives, to the maximum extent permitted by applicable law, waives any and all rights and equities of redemption from sale under the power of sale created hereunder or from sale under any order or decree of foreclosure of this Mortgage and (if a Default shall have occurred) all notice or notices of seizure, and all right to have the Mortgage Estate Mortgaged Property marshalled upon any foreclosure hereof. The Mortgagee shall not be obligated to pursue or exhaust its rights or remedies as against any other part of the Mortgage Estate Mortgaged Property before proceeding against any other part thereof and the Mortgagor hereby waives any right or claim of right to have the Mortgagee proceed in any particular order. Mortgagor hereby waives and releases all errors, defects and imperfections in any proceedings instituted by Mortgagee under this Mortgage.

Appears in 1 contract

Samples: End Mortgage and Security Agreement (Conmat Technologies Inc)

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Waiver of Stay, Extension, Moratorium Laws; Equity of Redemption. To the maximum extent permitted by law, the Mortgagor Trustor shall not at any time insist upon, or plead, or in any manner whatever whatsoever claim or take any benefit or advantage of any applicable present or future stay, extension or moratorium law, that may affect observance or performance of the provisions of this MortgageDeed of Trust; nor claim, take or insist upon any benefit or advantage of any present or future law providing for the valuation or appraisal of the Mortgage Estate Mortgaged Property or any portion thereof prior to any sale or sales thereof that may be made under or by virtue of Section 4.025.2; and the MortgagorTrustor, to the maximum extent that it lawfully maypermitted by law, hereby waives all benefit or advantage of any such law or laws. The Mortgagor Trustor, for itself and all who may claim under it, hereby waives, to the maximum extent permitted by applicable law, any and all rights and equities of redemption from sale under the power of sale created hereunder or from sale under any order or decree of foreclosure of this Mortgage Deed of Trust and (if a an Event of Default shall have occurred) all notice or notices of seizure, and all right to have the Mortgage Estate Mortgaged Property marshalled upon any foreclosure hereof. The Mortgagee Neither Trustee nor Beneficiary shall not be obligated to pursue or exhaust its their rights or remedies as against any other part of the Mortgage Estate Mortgaged Property, and the Mortgagor Trustor hereby waives any right or claim of right to have the Mortgagee Trustee or Beneficiary proceed in any particular order.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Zap)

Waiver of Stay, Extension, Moratorium Laws; Equity of Redemption. To the maximum extent permitted by law, the Mortgagor Company shall not at any time insist upon, or plead, or in any manner whatever claim or take any benefit or advantage of any applicable present or future stay, extension or moratorium law, that which may affect observance or performance of the provisions of this MortgageIndenture; nor claim, take or insist upon any benefit or advantage of any present or future law providing for the valuation or appraisal of the Mortgage Estate Mortgaged Property or any portion thereof prior to any sale or sales thereof that which may be made under or by virtue of Section 4.024.02 hereof; and the MortgagorCompany, to the extent that it lawfully may, hereby waives all benefit or advantage of any such law or laws. The Mortgagor Company for itself and all who may claim under it, hereby waives, to the maximum extent permitted by applicable law, any and all rights and equities of redemption from sale under the power of sale created hereunder or from sale under any order or decree of foreclosure of this Mortgage Indenture and (if a Default shall have occurred) all notice or notices of seizure, and all right to have the Mortgage Estate Mortgaged Property marshalled upon any foreclosure hereof. The Mortgagee Administrative Agent shall not be obligated to pursue or exhaust its rights or remedies as against any other part of the Mortgage Estate Mortgaged Property and the Mortgagor Company hereby waives any right or claim of right to have the Mortgagee Administrative Agent proceed in any particular order.. Form of Mortgage

Appears in 1 contract

Samples: Pledge Agreement (United Stationers Supply Co)

Waiver of Stay, Extension, Moratorium Laws; Equity of Redemption. To the maximum extent permitted by law, the Mortgagor shall not at any time insist upon, or plead, or in any manner whatever whatsoever claim or take any benefit or advantage of any applicable present or future stay, extension or moratorium law, that may adversely affect the observance or performance of the provisions of this Mortgage; nor claim, take or insist upon any benefit or advantage of any present or future law providing for the valuation or appraisal of the Mortgage Estate Mortgaged Property or any portion thereof prior to any sale or sales thereof that may be made under or by virtue of Section 4.024.1; and the Mortgagor, to the extent that it lawfully maymay do so, hereby waives all benefit benefits or advantage advantages of any such law or laws. The Mortgagor for itself and all who may claim by, through or under it, hereby waives, to the maximum extent permitted by applicable law, any and all rights and equities of redemption from sale under the power of sale created TO CREDIT AGREEMENT hereunder or from sale under any order or decree of foreclosure of this Mortgage and (if a an Event of Default shall have occurred) all notice or notices of seizure, and all right to have the Mortgage Estate Mortgaged Property marshalled upon any foreclosure hereof. The Mortgagee shall not be obligated to pursue or exhaust its rights or remedies as against any other part of the Mortgage Estate Mortgaged Property and the Mortgagor hereby waives any right or claim of right to have the Mortgagee proceed in any particular order.

Appears in 1 contract

Samples: Credit Agreement (Cheniere Energy Inc)

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