Common use of Waiver of Stay or Extension Laws Clause in Contracts

Waiver of Stay or Extension Laws. The Issuer agrees that it will not plead or in any manner claim or take the benefit of, a stay or extension that may affect the performance of its obligations under this Indenture, and the Issuer waives the benefit of such law.

Appears in 117 contracts

Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Owner Trust 2024-C), Indenture (Ford Credit Auto Owner Trust 2024-C)

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Waiver of Stay or Extension Laws. The Issuer agrees (if it may lawfully do so) that it will not plead or in any manner claim or take the benefit of, a stay or extension that may affect the performance of its obligations under this Indenture, and the Issuer (if it may lawfully do so) waives the benefit of such law.

Appears in 1 contract

Samples: Indenture (Ford Credit Auto Receivables Two LLC)

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