Waiver of Stay or Extension Laws; Marshalling of Assets. Each of the Seller, the Owner Trustee, and the Indenture Trustee (in each case to the extent permitted by applicable law) covenants that it will not at any time insist upon, plead, or in any manner whatsoever claim or take
Appears in 2 contracts
Samples: Insurance, Indemnity and Pledge Agreement (WFS Receivables Corp), Insurance, Indemnity and Pledge Agreement (WFS Receivables Corp 2)
Waiver of Stay or Extension Laws; Marshalling of Assets. Each of the SellerCompany, the Owner Trustee, and the Indenture Trustee (in each case to the extent permitted by applicable law) covenants that it will not at any time insist upon, plead, or in any manner whatsoever claim or taketake the benefit or advantage of, any appraisement, valuation, stay, extension or redemption law wherever enacted, now or at any time hereafter in force, in order to prevent or hinder the enforcement of this
Appears in 1 contract
Samples: Insurance, Indemnity and Pledge Agreement (WFS Financial 1996-D Owner Trust)
Waiver of Stay or Extension Laws; Marshalling of Assets. Each of the SellerCompany, the Owner Trustee, and the Indenture Trustee (in each case to the extent permitted by applicable law) covenants that it will not at any time insist upon, plead, or in any manner whatsoever claim or taketake the benefit or advantage of, any appraisement, valuation, stay, extension or redemption law wherever enacted, now or at any time hereafter in force, in order to prevent or hinder the enforcement of this Agreement or the absolute sale of the Collateral or any
Appears in 1 contract
Samples: Insurance, Indemnity and Pledge Agreement (WFS Financial Auto Loans Inc)
