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

Waiver of Usury, Stay or Extension Laws. The Company will not at any time voluntarily insist upon, or plead or in any manner whatsoever claim or take the benefit or advantage of, any usury law, stay or extension wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Note; and the Company hereby expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the enforcement of any right of the Holder on such basis.

Appears in 5 contracts

Samples: 10% Note (Proteonomix, Inc.), 10% Note (Proteonomix, Inc.), 10% Note (Proteonomix, Inc.)

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