Common use of Pledgor Waivers Clause in Contracts

Pledgor Waivers. To the extent permitted by applicable law, and except as otherwise expressly provided under this Agreement or otherwise, Pledgor hereby waives all rights now or hereafter conferred by statute or otherwise which may require Collateral Agent to give any notice, make any demand, or invoke any legal process with respect to the sale or other disposition of the Pledged Collateral or which may require Collateral Agent to sell or otherwise dispose of the Pledged Collateral in mitigation of Collateral Agent’s damages or which may otherwise limit or modify any of Collateral Agent’s remedies or rights under this Agreement.

Appears in 3 contracts

Sources: Stock Pledge Agreement, Stock Pledge Agreement (Claymont Steel Holdings, Inc.), Stock Pledge Agreement (CitiSteel PA, Inc.)

Pledgor Waivers. To the extent permitted by applicable law, and except as otherwise expressly provided under this Agreement or otherwise, Pledgor hereby waives all rights now or hereafter conferred by statute or otherwise which may require Collateral Agent to give any notice, make any demand, or invoke any legal process with respect to the sale or other disposition of the Pledged Collateral or which may require Collateral Agent to sell or otherwise dispose of the Pledged Collateral in mitigation of Collateral Agent’s the Secured Creditors’ damages or which may otherwise limit or modify any of Collateral Agent’s the Secured Creditors’ remedies or rights under this Agreement.

Appears in 2 contracts

Sources: Pledge Agreement (Industrial Services of America Inc /Fl), Pledge Agreement (Industrial Services of America Inc /Fl)