Common use of Waiver of Stay, Extension and Usury Laws Clause in Contracts

Waiver of Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it shall 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 hereafter in force, which would prohibit or forgive the Company from paying all or any portion of the principal of, premium, if any, or interest on the Securities as contemplated herein or in the Securities or which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law insofar as such law applies to the Securities, and covenants that it shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee relating to any such law, but will suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 2 contracts

Samples: Indenture (World Color Press Inc /De/), World Color Press Inc /De/

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Waiver of Stay, Extension and Usury Laws. The Company covenants and Subsidiaries covenant (to the extent that it they may lawfully do so) that it shall they will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law, wherever enacted, now Law or at any hereafter in force, other Law which would prohibit or forgive the Company or such Subsidiary from paying all or any portion of the principal of, premium, if any, or and/or interest on the Securities as contemplated herein Notes wherever such Law is or may be enacted, now or at any time hereafter in the Securities force, or which may affect the covenants or the performance of this IndentureAgreement and the Notes; and the Company and each of the Subsidiaries (to the extent that it they may lawfully do so) hereby expressly waives waive all benefit or advantage of any such law insofar as such law applies to the SecuritiesLaw, and covenants covenant that it shall they will not, by resort to any such lawLaw, hinder, delay or impede the execution of any power herein granted to the Trustee relating to any such lawHolders, but will suffer and permit the execution of every such power as though no such law has had been enacted.

Appears in 2 contracts

Samples: Purchase Agreement (Intracel Corp), Agreement and the Ancillary Agreements Represent the Final Agreement (Intracel Corp)

Waiver of Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it shall 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 law or at any hereafter in force, which other law that would prohibit or forgive the Company from paying all or any portion of the principal of, premium, if any, or interest on the Securities as contemplated herein herein, whenever enacted, now or at any time hereafter in the Securities force, or which may affect the covenants or the performance of this Indenture; , and the Company (to the extent that it may lawfully do so) the Company hereby expressly waives all benefit or advantage of any such law insofar as such law applies to the Securitieslaw, and covenants that it shall not, by resort to any such law, will not hinder, delay or impede the execution of any power herein granted to the Trustee relating to any such lawTrustee, but will shall suffer and permit the execution of every such power as though no such law has been enacted.

Appears in 2 contracts

Samples: Indenture (International Fast Food Corp), Indenture (International Fast Food Corp)

Waiver of Stay, Extension and Usury Laws. The Each of the Company covenants and the Guarantors covenant (to the extent that it may lawfully do sopermitted by applicable law) that it shall will not at any time insist upon, plead, plead or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law, law or other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company or any Guarantor from paying all or of any portion of the principal of, of (premium, if any, on) or interest on the Securities Notes as contemplated herein or in the Securities herein, or which may affect the covenants or the performance of this the Indenture; and the Company (to the extent that it may lawfully do so) each of the Company and the Guarantors hereby expressly waives waive all benefit or advantage of any such law insofar as such law applies to the Securitieslaw, and covenants that it shall not, by resort to any such law, they will not hinder, delay or impede the execution of any power herein granted to the Trustee relating to any such lawTrustee, but will suffer and permit the execution of every such power as though no such law has had been enacted.

Appears in 1 contract

Samples: Supplemental Indenture (Mariner Energy Inc)

Waiver of Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it shall 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, law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Company from paying all or any portion of the principal of, premium, if any, of or interest on the Securities as contemplated herein or in the Securities or which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law insofar as such law applies to the Securities, and covenants that it shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee relating to any such lawTrustee, but will suffer and permit the execution of every such power as though through no such law has been enacted.

Appears in 1 contract

Samples: Indenture (World Color Press Inc /De/)

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Waiver of Stay, Extension and Usury Laws. The Company covenants (to the extent that it may lawfully do so) that it shall will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, stay or extension law or any usury law, wherever enacted, now law or at any hereafter in force, other law which would prohibit or forgive the Company from paying all or any portion of the principal Redemption Price or Repurchase Price of, premium, if any, or interest on on, the Securities as contemplated herein herein, wherever enacted, now or at any time hereafter in the Securities force, or which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) the Company hereby expressly waives all benefit or advantage of any such law insofar as such law applies to the Securitieslaw, and covenants that it shall not, by resort to any such law, will not hinder, delay or impede the execution of any power herein granted to the Trustee relating to any such lawTrustee, but will suffer and permit the execution of every such power as though no such law has had been enacted.

Appears in 1 contract

Samples: Execution Copy (Getty Images Inc)

Waiver of Stay, Extension and Usury Laws. The Company Each Borrower covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, stay or extension law or any usury law, wherever enacted, now law or at any hereafter in force, which other law that would prohibit or forgive the Company Borrowers from paying all or any portion of the principal of, premium, if any, or interest on the Securities Notes as contemplated herein herein, wherever enacted, now or at any time hereafter in the Securities force, or which may affect the covenants or the performance of this IndentureAgreement; and the Company (to the extent that it may lawfully do so) each Borrower hereby expressly waives all benefit or advantage of any such law insofar as such law applies to the Securitieslaw, and covenants that it shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee relating to any such lawLender, but will shall suffer and permit the execution of every such power as though no such law has had been enacted.

Appears in 1 contract

Samples: Fourth Secured Term Loan Agreement (MSX International Inc)

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