Common use of Waiver and Estoppel Clause in Contracts

Waiver and Estoppel. (a) Each Grantor agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim, or take the benefit or advantage of, any appraisement, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting it to direct the order in which the Shared Collateral shall be sold, now or at any time hereafter in force, which may delay, prevent or otherwise affect the performance or enforcement of this Intercreditor Agreement, or any Shared Collateral Security Document, and hereby waives all benefit or advantage of all such laws and covenants that it will not hinder, delay or impede the execution of any power granted to the Shared Collateral Agent in this Intercreditor Agreement or any Shared Collateral Security Document and will suffer and permit the execution of every such power as though no such law were in force.

Appears in 3 contracts

Samples: Shared Services Agreement (DEX ONE Corp), Shared Services Agreement (DEX ONE Corp), Shared Services Agreement (DEX ONE Corp)

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Waiver and Estoppel. (a) Each Grantor agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim, or take the benefit or advantage of, any appraisement, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting it to direct the order in which the Shared Collateral shall be sold, now or at any time hereafter in force, which may delay, prevent or otherwise affect the performance or enforcement of this Intercreditor Collateral Trust Agreement, or any Shared Collateral Trust Security Document, and hereby waives all benefit or advantage of all such laws and covenants that it will not hinder, delay or impede the execution of any power granted to the Shared Collateral Agent Trustee in this Intercreditor Collateral Trust Agreement or any Shared Collateral Trust Security Document and will suffer and permit the execution of every such power as though no such law were in force.

Appears in 2 contracts

Samples: Collateral Trust and Intercreditor Agreement (T-Mobile US, Inc.), Collateral Trust and Intercreditor Agreement (Istar Financial Inc)

Waiver and Estoppel. (a) Each Grantor of the Credit Parties, each Noteholder and the A-Advanced Lender agrees, to the extent it may lawfully do so, that it will not not, at any time in any manner whatsoever claimwhatsoever, claim or take the benefit or advantage of, of any appraisement, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting it to direct the order in which the Shared Collateral shall be sold, now or at any time hereafter in force, which may delay, prevent or otherwise affect the performance or enforcement of this Intercreditor Agreement, Agreement or any Shared Collateral the Security Document, Documents and hereby waives all benefit or advantage of all such laws and covenants that it will not hinder, delay or impede the execution of any power granted to the Shared Collateral Agent in this Intercreditor Agreement or any Shared Collateral the Security Document and Documents but will suffer and permit the execution of every such power as though no such law were in force.

Appears in 2 contracts

Samples: Guaranty and Pledge Agreement (Guilford Mills Inc), Security and Pledge Agreement (Guilford Mills Inc)

Waiver and Estoppel. (a) Each Subject to the terms of the Notes Documents, each Grantor agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim, or take the benefit or advantage of, any appraisement, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting it to direct the order in which the Shared Collateral shall be sold, now or at any time hereafter in force, which may delay, prevent or otherwise affect the performance or enforcement of this Intercreditor Agreement, Agreement or any Shared Collateral Security Document, Notes Document and hereby waives all benefit or advantage of all such laws and covenants that it will not hinder, delay or impede the execution of any power granted to the Shared Collateral Agent in this Intercreditor Agreement or any Shared Collateral Security Notes Document and but will suffer and permit the execution of every such power as though no such law were in force.

Appears in 1 contract

Samples: Security Agreement (Fairpoint Communications Inc)

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Waiver and Estoppel. (a) Each Grantor agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim, or take the benefit or advantage of, any appraisement, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting it to direct the order in which the Shared Collateral shall be sold, now or at any time hereafter in force, which may delay, prevent or otherwise affect the performance or enforcement of this Intercreditor Agreement, Agreement or any Shared Collateral other Trust Security DocumentDocument and hereby, and hereby to the fullest extent permitted by any applicable law, waives all benefit or advantage of all such laws and covenants that it will not hinder, delay or impede the execution of any power granted to the Shared Collateral Agent Trustee in this Intercreditor Agreement or any Shared Collateral other Trust Security Document and but will suffer and permit the execution of every such power as though no such law were in force.

Appears in 1 contract

Samples: Collateral Trust Agreement (YRC Worldwide Inc.)

Waiver and Estoppel. (a) Each Grantor agrees, to the extent it may lawfully do so, that it will not at any time in any manner whatsoever claim, or take the benefit or advantage of, any appraisement, valuation, stay, extension, moratorium, turnover or redemption lawLaw, or any law Requirement of Law permitting it to direct the order in which the Shared Collateral shall be sold, now or at any time hereafter in force, which may delay, prevent or otherwise affect the performance or enforcement of this Intercreditor Agreement, Agreement or any Shared Collateral Trust Security Document, Document and hereby waives all benefit or advantage of all such laws Requirements of Law and covenants that it will not hinder, delay or impede the execution of any power granted to the Shared Collateral Agent Trustee in this Intercreditor Agreement or any Shared Collateral Trust Security Document and but will suffer and permit the execution of every such power as though no such law Requirement of Law were in force.

Appears in 1 contract

Samples: Intercompany Subordination Agreement (Tesla Motors Inc)

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