Common use of Stay, Extension and Usury Law Clause in Contracts

Stay, Extension and Usury Law. The Company covenants (to the extent that it 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 wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, 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 has been enacted.

Appears in 16 contracts

Samples: Indenture (Intevac Inc), Indenture (Intevac Inc), Indenture (Intevac Inc)

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Stay, Extension and Usury Law. The Company covenants Companies covenant (to the extent that it they may lawfully do so) that it they 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 wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenturethe Transaction Agreements; and the Company Companies (to the extent it they may lawfully do so) hereby expressly waives waive all benefit or advantage of any such law, and covenants that it they will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trusteeholders of the Notes, but will suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 2 contracts

Samples: Note Exchange Agreement (Mail Com Inc), Note Exchange Agreement (Mail Com Inc)

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