WAIVER OF STAY, EXTENSION OF 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, 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 and/or interest on the Securities as contemplated herein, 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 will suffer and permit the execution of every such power as though no such law had been enacted.
Appears in 2 contracts
Samples: Leslies Poolmart Inc, Indenture (Leslies Poolmart Inc)
WAIVER OF STAY, EXTENSION OF 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, 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 and/or or interest on the Securities Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of if 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 TrusteeBuyer, but will suffer and permit the execution of every such power as though no such law had been enacted.
Appears in 2 contracts
Samples: Security Agreement (Galvestons Steakhouse Corp), Securities Purchase Agreement (Galvestons Steakhouse Corp)
WAIVER OF STAY, EXTENSION OF USURY LAWS. The Company 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, 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 and/or or interest on the Securities as contemplated hereinherein or in the Securities, 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 will suffer and permit the execution of every such power as though no such law had been enacted.
Appears in 1 contract
WAIVER OF STAY, EXTENSION OF 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, 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 and/or or interest on the Securities as contemplated hereinherein or in the Securities, 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 execu- tion 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 1 contract
WAIVER OF STAY, EXTENSION OF USURY LAWS. The Company 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, 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 and/or of, or interest on the Securities Notes as contemplated hereinherein or in the Notes, 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 shall not 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: Seacor Smit Inc