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

Waiver of Usury, Stay or Extension Laws. Each of the Operating Partnership and the Guarantor covenants that (to the extent that it may lawfully do so) 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 any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Operating Partnership or the Guarantor from paying all or any portion of the principal of or premium, if any, or interest, if any on or Additional Amounts, if any, as contemplated in this Indenture, the Guarantee and the Securities or which may affect the covenants or the performance of this Indenture or the Securities; and each of the Operating Partnership and the Guarantor (to the extent that it may lawfully do so) 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 the Holders, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 5 contracts

Samples: Indenture (Corporate Office Properties, L.P.), Indenture (Corporate Office Properties, L.P.), Indenture (American Campus Communities Operating Partnership LP)

AutoNDA by SimpleDocs

Waiver of Usury, Stay or Extension Laws. Each of the Operating Partnership and the Limited Guarantor covenants that (to the extent that it may lawfully do so) 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 any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Operating Partnership or the Limited Guarantor from paying all or any portion of the principal of or premium, if any, or interest, if any on or Additional Amounts, if any, as contemplated in this Indenture, the Limited Guarantee and the Securities or which may affect the covenants or the performance of this Indenture or the Securities; and each of the Operating Partnership and the Limited Guarantor (to the extent that it may lawfully do so) 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 the Holders, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 2 contracts

Samples: CBL & Associates Limited Partnership, CBL & Associates Limited Partnership

Waiver of Usury, Stay or Extension Laws. Each of the Operating Partnership Issuer and the Guarantor covenants that (any Guarantor, if applicable, covenant, 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 usury, stay or extension law or any usury law or any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Operating Partnership or the Guarantor from paying all or any portion of the principal of or premium, if any, or interest, if any on or Additional Amounts, if any, as contemplated in this Indenture, the Guarantee and the Securities or which may affect the covenants or the performance of this Indenture or the SecuritiesIndenture; and each of the Operating Partnership Issuer and the Guarantor (any Guarantor, if applicable, to the extent that it may lawfully do so) , hereby expressly waives waive all benefit or advantage of any such law and covenants that it will not not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee or the HoldersTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Intercreditor Agreement (ADT Inc.)

Waiver of Usury, Stay or Extension Laws. Each of the Operating Partnership Company and the Guarantor covenants that (to the extent that it may lawfully do so) 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 any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Operating Partnership Company or the Guarantor (with respect to the Guarantee) from paying all or any portion of the principal of or premium, if any, or interest, if any on or Additional Amounts, if any, with respect to any Securities as contemplated in this Indenture, the Guarantee herein and the Securities therein or which may affect the covenants or the performance of this Indenture or the Securities; and each of the Operating Partnership Company and the Guarantor (to the extent that it may lawfully do so) 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 the Holders, 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 (Maiden Holdings North America, Ltd.)

AutoNDA by SimpleDocs

Waiver of Usury, Stay or Extension Laws. Each of the The Operating Partnership and the Guarantor covenants that (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 any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Operating Partnership or the Guarantor from paying all or any portion of the principal of or premium, if any, or interest, if any on or Additional Amounts, if any, with respect to any Securities as contemplated in this Indenture, the Guarantee herein and the Securities therein or any Coupons appertaining thereto or which may affect the covenants or the performance of this Indenture or the SecuritiesSecurities or any Coupons appertaining thereto ; and each of the Operating Partnership and the Guarantor (to the extent that it may lawfully do so) 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 the Holders, 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 (Mid-America Apartments, L.P.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!