WAIVER OF PREFERENCE Sample Clauses

WAIVER OF PREFERENCE. THE LESSEE OR HIS SUCCESSORS-IN-TITLE, HEREBY WAIVES ANY PREFERENCE WHICH HIS RIGHTS IN TERMS OF THIS AGREEMENT MAY HAVE ABOVE ANY BOND OR BONDS WHICH THE LESSOR OR HIS SUCCESSORS- IN-TITLE MAY REGISTER AFTER THE DATE OF SIGNATURE HEREOF, AND THE LESSEE OR HIS SUCCESSORS-IN-TITLE, HEREBY CONSENTS THAT THE LESSOR OR HIS SUCCESSORS-IN-TITLE SHALL BE ENTITLED TO REGISTER THE BOND OR BONDS OVER THE LEASED PREMISES AT ANY TIME HEREAFTER OR TO INCREASE THE AMOUNT OF ANY EXISTING BOND OR TO OBTAIN A RE-ADVANCE UNDER AN EXISTING BOND. THE LESSEE OR HIS SUCCESSORS-IN-TITLE FURTHERMORE HEREBY CONSENTS THAT HIS RIGHTS SHALL NOT HAVE PREFERENCE ABOVE THE RIGHTS OF SUCH BONDHOLDER OR BONDHOLDERS AND THAT IF SUCH BONDHOLDER OR BONDHOLDERS MAY AT ANY TIME TAKE ACTION TO CALL UP SUCH BOND OR BONDS AND SELL THE LEASED PREMISES IN EXECUTION, THIS DEED OF LEASE SHALL IN THAT CASE TERMINATE WHEN THE LEASED PREMISES ARE SOLD IN EXECUTION, WITHOUT PREJUDICE TO THE RIGHTS OF THE LESSEE OR HIS SUCCESSORS-IN-TITLE, TO CLAIM DAMAGES IN THAT EVENT FROM THE LESSOR OR HIS SUCCESSORS-IN-TITLE.
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WAIVER OF PREFERENCE. The Lessee or his successors-in-title, hereby waives any preference which his rights in terms of this Agreement may have above any bond or bonds which the Lessor or his successors- in-title may register after the Signature Date hereof, and the Lessee or his successors-in-title, hereby consents that the Lessor or his successors-in-title shall be entitled to register the bond or bonds over the Leased Premises at any time hereafter or to increase the amount of any existing bond or to obtain a re-advance under an existing bond. The Lessee or his successors-in-title furthermore hereby consents that his rights shall not have preference above the rights of such bondholder or bondholders and that if such bondholder or bondholders may at any time take action to call up such bond or bonds and sell the Leased Premises in execution, this deed of Lease shall in that case terminate when the Leased Premises are sold in execution, without prejudice to the rights of the lessee or his successors-in-title, to claim damages in that event from the Lessor or his successors-in- title.
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WAIVER OF PREFERENCE. Attentive to what was stated in paragraph B.4 of the Declaration B of this contract, to the transmission of usufruct CALIBERT intends to carry to Grupo Inmobiliaria Calibert S. de X.X. de C.V, FENDER in this act, for the purposes of Article 2321 Civil Code of the State of Baja California, under the assumption that it could assist the right to be preferred in such alienation, expresses and records for legal purposes Where appropriate, that it is not its will to exercised that right, leaving CALIBERT in absolute freedom to carry out the transfer of usufruct rights given either in one or more mutually independent events, during the term of this contract and its extensions.
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WAIVER OF PREFERENCE. Before December 31, 2022, the Original Shareholder waives all preferences (including, without limitation, preemptive right, right of first refusal, co-sale right, right of prior notice, anti-dilution right, drag-along, liquidation preference, redemption right, etc. (if any)) as it may have towards the Target Company. The Original Shareholder hereby undertakes to the New Shareholder that:
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Related to WAIVER OF PREFERENCE

  • Waiver of Preemptive Rights The Subscriber hereby grants, conveys, and vests the Chief Executive Officer of the Corporation as the Subscriber’s power of attorney solely for the purpose of waiving any prior or preemptive right which the Subscriber may have under applicable law to further issues of Securities of the Corporation.

  • Waiver of Presentment To the fullest extent permitted by law and except as otherwise provided herein, the Guarantors waive demand, presentment, protest, notice of dishonor, suit against or joinder of any other person, and all other requirements necessary to charge or hold each Guarantor liable with respect to this Guaranty.

  • Waiver of Past Defaults The Holders of not less than a majority in principal amount of the Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series waive any past default hereunder with respect to such series and its consequences, except a default

  • Governing Law; WAIVER OF TRIAL BY JURY This Lease shall be construed and enforced in accordance with the laws of the State of California. IN ANY ACTION OR PROCEEDING ARISING HEREFROM, LANDLORD AND TENANT HEREBY CONSENT TO (I) THE JURISDICTION OF ANY COMPETENT COURT WITHIN THE STATE OF CALIFORNIA, (II) SERVICE OF PROCESS BY ANY MEANS AUTHORIZED BY CALIFORNIA LAW, AND (III) IN THE INTEREST OF SAVING TIME AND EXPENSE, TRIAL WITHOUT A JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES HERETO AGAINST THE OTHER OR THEIR SUCCESSORS IN RESPECT OF ANY MATTER ARISING OUT OF OR IN CONNECTION WITH THIS LEASE, THE RELATIONSHIP OF LANDLORD AND TENANT, TENANT’S USE OR OCCUPANCY OF THE PREMISES, AND/OR ANY CLAIM FOR INJURY OR DAMAGE, OR ANY EMERGENCY OR STATUTORY REMEDY. IN THE EVENT LANDLORD COMMENCES ANY SUMMARY PROCEEDINGS OR ACTION FOR NONPAYMENT OF BASE RENT OR ADDITIONAL RENT, TENANT SHALL NOT INTERPOSE ANY COUNTERCLAIM OF ANY NATURE OR DESCRIPTION (UNLESS SUCH COUNTERCLAIM SHALL BE MANDATORY) IN ANY SUCH PROCEEDING OR ACTION, BUT SHALL BE RELEGATED TO AN INDEPENDENT ACTION AT LAW.

  • Amendment; Waiver of Past Defaults (a) This Agreement may be amended from time to time by the Servicer, the Transferor, the Administrator and the Issuer, by a written instrument signed by each of them, without the consent of the Indenture Trustee, any Collateral Agent or any of the Noteholders; provided that (i) each Transferor shall have delivered to the Indenture Trustee and the Owner Trustee an Officer's Certificate, dated the date of any such amendment, stating that such Transferor reasonably believes that such amendment will not have an Adverse Effect and (ii) the Note Rating Agency Condition shall have been satisfied. Additionally, notwithstanding the preceding sentence, this Agreement will be amended by the Servicer, the Administrator and the Issuer at the direction of the Transferor without the consent of the Indenture Trustee or any of the Noteholders to add, modify or eliminate such provisions as may be necessary or advisable in order to enable all or a portion of the Trust (i) to qualify as, and to permit an election to be made to cause the Trust to be treated as, a "financial asset securitization investment trust" as described in the provisions of Section 860L of the Internal Revenue Code, and (ii) to avoid the imposition of state or local income or franchise taxes imposed on the Trust's property or its income; provided, however, that (i) each Transferor delivers to the Indenture Trustee, the Owner Trustee and the applicable Collateral Agent an Officer's Certificate to the effect that the proposed amendments meet the requirements set forth in this subsection and (ii) such amendment does not affect the rights, duties, benefits, protections, privileges or immunities of the Indenture Trustee, the Owner Trustee (as such or in its individual capacity) or the applicable Collateral Agent hereunder. This Agreement may also be amended from time to time by the Servicer, the Transferor, the Administrator and the Issuer by a written instrument signed by each of them, without the consent of the Indenture Trustee or any of the Noteholders and without satisfaction of the Note Rating Agency Condition to add, modify or eliminate such provisions as may be necessary to satisfy accounting requirements under SFAS 140 and any related or successor accounting interpretations or requirements hereto for off-balance sheet treatment for the Collateral of the Issuer. Any amendments regarding the addition to or removal of Collateral Certificates or Receivables from the Trust as provided in Sections 2.12 and 2.13, executed in accordance with the provisions hereof, shall not be considered amendments to this Agreement for the purpose of subsections 12.01(a) and (b).

  • Waiver of Marshaling Each Pledgor hereby waives any right to compel any marshaling of any of the Collateral.

  • Waiver of Provisions Any waiver of any terms and conditions hereof must be in writing and signed by the parties hereto. The waiver of any of the terms and conditions of this Agreement shall not be construed as a waiver of any subsequent breach of the same or any other terms and conditions hereof.

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