Common use of Waivers by Grantors Clause in Contracts

Waivers by Grantors. Each Grantor hereby irrevocably waives (a) all rights of redemption from any foreclosure sale; (b) the benefit of all valuation, appraisal, exemption and moratorium laws; (c) to the fullest extent permitted by law, all rights to notice or a hearing prior to the exercise by the Purchaser of its right to take possession of any Collateral, whether by self-help or by legal process and any right to object to the Purchaser taking possession of any Collateral by self-help; and (d) if the Purchaser seeks to obtain possession of any Collateral by replevin, claim and delivery, attachment, levy or other legal process, (i) any notice or demand for possession prior to the commencement of legal proceedings, (ii) the posting of any bond or security in any such proceedings, and (iii) any requirement that the Purchaser retain possession and not dispose of any Collateral until after a trial or final judgment in such proceedings.

Waivers by Grantors. Each Grantor hereby irrevocably waives (a) all rights of redemption from any foreclosure sale; , (b) the benefit of all valuation, appraisal, exemption and moratorium laws; , (c) to the fullest extent permitted by law, all rights to notice or a hearing prior to the exercise by the Purchaser Administrative Agent of its right to take possession of any Collateral, whether by self-help or by legal process and any right to object to the Purchaser Administrative Agent taking possession of any Collateral by self-help; , and (d) if the Purchaser Administrative Agent seeks to obtain possession of any Collateral by replevin, claim and delivery, attachment, levy or other legal process, (i) any notice or demand for possession prior to the commencement of legal proceedings, (ii) the posting of any bond or security in any such proceedings, and (iii) any requirement that the Purchaser Administrative Agent retain possession and not dispose of any Collateral until after a trial or final judgment in such proceedings.