Common use of Waiver of Stay Clause in Contracts

Waiver of Stay. Each of the Company and the Subsidiary Guarantors covenant (to the extent permitted by applicable law) 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, extension or 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 of any portion of the principal of (premium, if any, on) or interest 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 and the Subsidiary Guarantors hereby expressly waive all benefit or advantage of any such law, and covenants that they 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 3 contracts

Samples: Indenture (Clayton Williams Energy Inc /De), Delta Petroleum Corp/Co, Res Care Inc /Ky/

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Waiver of Stay. Each of the Company Issuers and the Subsidiary Guarantors covenant (to the extent permitted by applicable law) 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, extension or usury law or other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company Issuers or any Subsidiary Guarantor from paying all of any portion of the principal of (premium, if any, on) or interest 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 Issuers and the Subsidiary Guarantors hereby expressly waive all benefit or advantage of any such law, and covenants that they 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 3 contracts

Samples: Indenture (Plains Exploration & Production Co), Plains Exploration & Production Co L P, Plains Resources Inc

Waiver of Stay. Each of the Company and the Subsidiary Guarantors covenant covenants (to the extent permitted by applicable lawthat 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, extension extension, or 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 of or any portion of the principal of (premium, if any, on) or interest 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 and the Subsidiary Guarantors hereby expressly waive waives all benefit or advantage of any such law, and covenants that they 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: Indenture (Pan American Energy Finance Corp), Indenture (Bellwether Exploration Co)

Waiver of Stay. Extension or Usury Laws. --------------------------------------- Each of the Company Subsidiary Guarantor jointly and the Subsidiary Guarantors covenant severally covenants (to the extent permitted by applicable lawthat it 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 or extension law or any usury law or other law that would prohibit or forgive such Subsidiary Guarantor from performing the Subsidiary Guarantee as contemplated herein, wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company or any Subsidiary Guarantor from paying all of any portion of the principal of (premium, if any, on) or interest 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 and the Subsidiary Guarantors Guarantor hereby expressly waive waives all benefit or advantage of any such law, and covenants that they 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: Indenture (Terex Corp), HCC Industries International

Waiver of Stay. Each of the Company and the Subsidiary Guarantors covenant (to the extent permitted by applicable law) that it will not at any time insist upon, plead or in in, any manner whatsoever claim or take the benefit or advantage of, any stay, extension or 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 of any portion of the principal of (premium, if any, on) or interest 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 and the Subsidiary Guarantors hereby expressly waive all benefit or advantage of any such law, and covenants that they 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

Samples: Lease Agreement (Clayton Williams Energy Inc /De)

Waiver of Stay. Each of the Company and the Subsidiary Guarantors covenant covenants (to the extent permitted by applicable lawthat 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, extension or 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 of or any portion of the principal of (of, or premium, if any, on) or interest on on, the Securities Notes 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 and the Subsidiary Guarantors hereby expressly waive waives all benefit or advantage of any such law, and covenants that they 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

Samples: Indenture (Abraxas Petroleum Corp)

Waiver of Stay. Extension or Usury Laws. ------------------------- Each of the Company and the Subsidiary Guarantors covenant each Guarantor covenants (to the extent permitted 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 or extension law or any usury law or other law that would prohibit or forgive the Company or any Guarantor from paying all or any portion of the principal 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 or any Subsidiary Guarantor from paying all of any portion of the principal of (premium, if any, on) or interest on the Securities as contemplated herein, or which that may affect the covenants or the performance of this Indenture; and (to the extent that it may lawfully do sopermitted by law) each of the Company and the Subsidiary Guarantors each Guarantor hereby expressly waive waives all benefit or advantage of any such law, and covenants that they 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

Samples: Pledge and Security Agreement (Continental Caribbean Containers Inc)

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Waiver of Stay. Each of the Company and the Subsidiary Guarantors covenant covenants (to the extent permitted by applicable lawthat 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, extension extension, or 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 of or any portion of the principal of (premium, if any, on) or interest on the Securities Notes 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 and the Subsidiary Guarantors hereby expressly waive waives all benefit or advantage of any such law, and covenants that they 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

Samples: Indenture (Mission Resources Corp)

Waiver of Stay. Extension or Usury Laws Each of the Company and the Subsidiary Guarantors covenant covenants (to the extent permitted by applicable lawthat it may lawfully do so) that it will shall not at any time insist upon, plead plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, stay or extension law or any usury law or other law law, which would prohibit or forgive the Company or such Guarantor from paying all or any portion of the principal of and/or interest, if any, on the Securities as contemplated herein, wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company or any Subsidiary Guarantor from paying all of any portion of the principal of (premium, if any, on) or interest 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 and the Subsidiary Guarantors each Guarantor hereby expressly waive all benefit or advantage of any such law, and covenants that they will it 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: Falcon Products Inc /De/

Waiver of Stay. Each of the Extension or Usury Laws The Company and the Subsidiary Guarantors each Guarantor, if any, covenant (to the extent permitted by applicable lawthat they may lawfully do so) that it they will not at any time insist upon, plead or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, stay or extension law or any usury law or other law law, which would prohibit or forgive the Company or any Guarantor from paying all or any portion of the principal of, or premium, if any, 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 or any Subsidiary Guarantor from paying all of any portion of the principal of (premium, if any, on) or interest on the Securities as contemplated herein, 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 and the Subsidiary Guarantors each Guarantor hereby expressly waive all benefit or advantage of any such law, and covenants covenant that they 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

Samples: R&b Falcon Corp

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