Common use of Waiver of Stay Clause in Contracts

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the Company and the Subsidiary Guarantors 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 which would prohibit or forgive the Company or any Subsidiary Guarantor from paying all or any portion of the principal of, premium of, 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) each of the Company and the Subsidiary Guarantors 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 or any Paying Agent, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 3 contracts

Samples: HMH Properties Inc, HMH Properties Inc, HMH Properties Inc

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Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the Company Issuers and the Subsidiary Guarantors each Guarantor 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 wherever enacted which would prohibit or forgive the Company Issuers or any Subsidiary Guarantor from paying all or any portion of the principal of, premium of, of or interest (and Liquidated Damages, if any) 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 they may lawfully do so) each of the Company Issuers and the Subsidiary Guarantors each Guarantor hereby expressly waives all benefit or advantage of any such lawlaw insofar as such law applies to the Securities, and covenants that it will shall not hinder, delay or impede the execution of any power herein granted to the Trustee or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 2 contracts

Samples: Indenture (Sun International Hotels LTD), Indenture (Sun International North America Inc)

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the The Company and the Subsidiary Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or claim, and will resist any and all efforts to be compelled to take the benefit or advantage of, any stay or extension law or any usury law or other law which that would prohibit or forgive the Company or any Subsidiary Guarantor from paying all or any portion of the principal of, premium ofinterest on, or interest on Special Interest, if any, with respect to, 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 IndentureIndenture and the Operative Documents; and (to the extent that it may lawfully do so) each of the Company and the Subsidiary Guarantors 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 or any Paying Agentherein and in the Operative Documents, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 2 contracts

Samples: Aircraft Second Mortgage and Security Agreement (Trans World Airlines Inc /New/), License Agreement (Trans World Airlines Inc /New/)

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the The Company and the Subsidiary Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or claim, and will resist any and all efforts to be compelled to take the benefit or advantage of, any stay or extension law or any usury law or other law which that would prohibit or forgive the Company or any Subsidiary Guarantor from paying all or any portion of the principal of, premium ofinterest on, or interest on Liquidated Damages, if any, with respect to 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 IndentureIndenture and the Operative Documents; and (to the extent that it may lawfully do so) each of the Company and the Subsidiary Guarantors 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 or any Paying Agentherein and in the Operative Documents, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 2 contracts

Samples: License Agreement (Trans World Airlines Inc /New/), Trans World Airlines Inc /New/

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the Company Issuer and the Subsidiary Guarantors covenants covenant (to the extent that it may lawfully do sopermitted by applicable law) that it will not at any time insist upon, plead, plead or in any manner whatsoever claim or take the benefit or advantage of, any stay stay, extension or extension law or any usury law or other law which would prohibit or forgive the Company or any Subsidiary Guarantor from paying all or any portion of the principal of, premium of, or interest on the Securities as contemplated herein, wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Issuer or any Subsidiary Guarantor from paying all of any portion of the principal of (premium, if any, on) or interest and Additional Interest, if any, on the Securities as contemplated herein, or which may affect the covenants or the performance of this Indenture; and (to the extent that it may lawfully do so) each of the Company Issuer and the Subsidiary Guarantors hereby expressly waives waive all benefit or advantage of any such law, and covenants that it they will not hinder, delay or impede the execution of any power herein granted to the Trustee or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Indenture (Nuevo Permian Inc.)

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of The Company and, unless and until the Company Termination and the Subsidiary Guarantors Release shall have occurred, each Guarantor covenants (to the extent that it may lawfully do so) that it will shall not at any time insist upon, or 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 which that would prohibit or forgive the Company or any Subsidiary Guarantor from paying all or any portion of the principal of, premium ofpremium, if any, or interest on the Securities as contemplated hereinherein or any payments required under any Security Documents, 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) each of the Company and the Subsidiary Guarantors each Guarantor hereby expressly waives all benefit or advantage of any such law, law and covenants that it will shall not hinder, delay or impede the execution of any power herein granted to the Trustee or any Paying AgentTrustee, but will shall suffer and permit the execution of every such power as though no such law had been enacted. 63 72 SECTION 4.22.

Appears in 1 contract

Samples: Teekay Shipping Corp

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the Company Issuers and the Subsidiary Guarantors each Guarantor, if any, 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 wherever enacted which would prohibit or forgive the Company Issuers or any Subsidiary Guarantor from paying all or any portion of the principal of, premium of, of 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 they may lawfully do so) each of the Company Issuers and the Subsidiary Guarantors each Guarantor, if any, hereby expressly waives all benefit or advantage of any such lawlaw insofar as such law applies to the Securities, and covenants that it will shall not hinder, delay or impede the execution of any power herein granted to the Trustee or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Sun International Hotels LTD

Waiver of Stay. Extension or Usury LawsEXTENSION OR USURY LAWS. --------------------------------------- Each of the The Company and the Subsidiary Guarantors covenants covenant (to the extent that it they may lawfully do so) that it they will not at any time insist upon, or 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 law, which would prohibit or forgive the Company or any Subsidiary Guarantor Guarantors from paying all or any portion of the principal of, premium ofpremium, if any, or interest and Additional Amounts, if any, on the Securities Notes or the Guarantees as contemplated herein, wherever enacted, enacted now or at any time hereafter in force, or which may affect the covenants or the performance of this IndentureIndenture or the Guarantees; and (to the extent that it may lawfully do so) each of the Company and the Subsidiary Guarantors each Guarantor 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 or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Indenture (Grupo TMM Sa)

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the Company and the Subsidiary Guarantors 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 which would prohibit or forgive the Company or any Subsidiary Guarantor from paying all or any portion of the principal of, premium of, or interest (or Liquidated Damages, if any, or Additional Amounts, if any) 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) each of the Company and the Subsidiary Guarantors 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 or any Paying AgentTrustee, 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: Asat Holdings LTD

Waiver of Stay. Extension or Usury Laws. --------------------------------------- ---------------------------------------- Each of the Company and any other obligor on the Subsidiary Guarantors Securities covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or 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 which would prohibit or forgive the Company or any Subsidiary Guarantor from paying all or any portion of the principal of, premium of, or interest on the Securities as contemplated herein, wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company from paying all or any portion of the principal of, premium, if any, or interest on the Securities contemplated herein or in the Securities or which may affect the covenants or the performance of this Indenture; and each of the Company and any other obligor on the Securities (to the extent that it may lawfully do so) each of the Company and the Subsidiary Guarantors 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 or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Indenture (Bally Total Fitness Holding Corp)

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the Company The Issuer and the each Restricted Subsidiary Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or claim, and will resist any and all efforts to be compelled to take the benefit or advantage of, any stay or extension law or any usury law or other law which that would prohibit or forgive the Company or any Subsidiary Guarantor Issuer from paying all or any portion of the principal of, premium ofinterest, or interest Special Interest, if any, 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 this IndentureIndenture and the Collateral Documents; and (to the extent that it may lawfully do so) the Issuer and each of the Company and the Restricted Subsidiary Guarantors 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 or any Paying Agentherein and in the Collateral Documents, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Airtran Holdings Inc

Waiver of Stay. Extension or Usury Laws. --------------------------------------- EXTENSION OR USURY LAWS Each of the Company and the Subsidiary Guarantors 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 which would prohibit or forgive the Company or any Subsidiary Guarantor from paying all or any portion of the principal of, premium of, or interest (or Liquidated Damages, if any) 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 this Indenture; and (to the extent that it may lawfully do so) each of the Company and the Subsidiary Guarantors hereby expressly waives all benefit or advantage of any such law, law and covenants that it will shall not hinder, delay or impede the execution of any power herein granted to the Trustee or any Paying AgentTrustee, 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: Penton Media Inc

Waiver of Stay. Extension or Usury Laws. --------------------------------------- ---------------------------------------- Each of the Company and the Subsidiary Guarantors covenants (to the covenantshe extent that it each 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 which that would prohibit or forgive any of the Company or any Subsidiary Guarantor the Guarantors from paying all or any portion of the principal of, premium of, of or interest or premium on the Securities Senior Subordinated Notes or the Guarantee 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 each may lawfully do so) each of the Company and the Subsidiary Guarantors 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 or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Indenture (Trism Inc /De/)

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Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of Laws Neither the Company and the Subsidiary Guarantors covenants (Issuer nor any Guarantor, if any, will at any time, to the extent that it they may lawfully not do so) that it will not at any time , insist upon, or 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 which that would prohibit or forgive the Company Issuer or any Subsidiary Guarantor its Subsidiaries from paying all or any portion of the principal ofof or premium, premium ofif any, or interest or Liquidated Damages, if any, on the Securities Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or which that may affect the covenants or the performance of this Indenture; and (and, to the extent that it they may lawfully do so) each of , the Company Issuer and the Subsidiary Guarantors hereby expressly waives waive all benefit or advantage of any such law, law and covenants expressly agree that it they will not hinder, delay or impede the execution of any power herein granted to the Trustee or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Indenture (Susquehanna Media Co)

Waiver of Stay. Extension or Usury Laws. Laws --------------------------------------- Each of the The Company and the Subsidiary Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or 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 which would prohibit or forgive the Company or any Subsidiary Guarantor from paying all or any portion of the principal of, premium of, or interest on the Securities as contemplated herein, wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company from paying all or any portion of the principal amount, Redemption Price, Repurchase Price, Change in Control Repurchase Price or any accrued cash interest in respect of Notes, or any interest on such amounts, as contemplated herein, or which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) each of the Company and the Subsidiary Guarantors 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 or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Indenture (Ohio Casualty Corp)

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the Company and the Subsidiary Guarantors Guarantors, if any, covenants (to the extent that it each may lawfully do so) that it will not at any time insist upon, plead, plead or in any manner whatsoever claim or take the benefit or advantage of, any stay stay, extension, or extension law or any usury law or other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company or any Subsidiary Guarantor from paying all or any portion of the principal ofof (premium, premium ofif any, on) 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) each of the Company and the Subsidiary Guarantors Guarantors, if any, hereby expressly waives all benefit or advantage of any such law, and covenants covenant that it they will not hinder, delay or impede the execution of any power herein granted to the Trustee or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Nuevo Energy Co

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the Company Issuers and the Subsidiary Guarantors each Guarantor, if any, 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 which that would prohibit or forgive the Company such Issuer or any Subsidiary such Guarantor from paying all or any portion of the principal of, premium ofpremium, or if any, and/or interest on the Securities or the Subsidiary Guarantee of any such Guarantor 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) each of the Company and the Subsidiary Guarantors 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 or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: RPP Capital Corp

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the Company and the Subsidiary Guarantors Guarantor 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 which that would prohibit or forgive the Company or any each such Subsidiary Guarantor from paying all or any portion of the principal of, premium of, or interest on the Securities performing its Subsidiary Guarantee 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) each of the Company and the such Subsidiary Guarantors Guarantor 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 or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Call Points Inc

Waiver of Stay. Extension or Usury Laws. --------------------------------------- ---------------------------------------- Each of the Company and the Subsidiary Guarantors covenants (to the extent that it each may lawfully do so) that it will not at any time insist upon, plead, plead or in any manner whatsoever claim or take the benefit or advantage of, any stay stay, extension, or extension law or any usury law or other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company or any Subsidiary Guarantor from paying all or any portion of the principal ofof (premium, premium ofif any, on) 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) each of the Company and the Subsidiary Guarantors hereby expressly waives all benefit or advantage of any such law, and covenants covenant that it they will not hinder, delay or impede the execution of any power herein granted to the Trustee or any Paying AgentTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Indenture (Grant Geophysical Inc)

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the Company Issuers and the Subsidiary Guarantors 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 law, which would prohibit or forgive either of the Company Issuers or any such Subsidiary Guarantor from paying all or any portion of the Accreted Value or principal of, premium of, or 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) each of the Company Issuers and the Subsidiary Guarantors 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 or any Paying AgentTrustee, 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: Frontiervision Holdings Capital Corp

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