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

Waiver of Usury, Stay or Extension Laws. The Operating Partnership covenants that (to the extent that it may lawfully do so) it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Operating Partnership or any applicable Guarantor from paying all or any portion of the principal of or premium, if any, or interest, if any on or Additional Amounts, if any, as contemplated in this Indenture, any Guarantee and the Securities or which may affect the covenants or the performance of this Indenture or the Securities; and each of the Operating Partnership and any Guarantor expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee or the Holders, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 7 contracts

Samples: Indenture (Brixmor Operating Partnership LP), Indenture (American Homes 4 Rent, L.P.), Indenture (Brixmor Operating Partnership LP)

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

Appears in 6 contracts

Samples: Indenture (Apple Hospitality REIT, Inc.), Indenture (Apple Hospitality REIT, Inc.), Indenture (Apple Hospitality REIT, Inc.)

Waiver of Usury, Stay or Extension Laws. The Operating Partnership Issuer covenants that (to the extent that it may lawfully do so) it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Operating Partnership Issuer or any applicable Guarantor from paying all or any portion of the principal of or premium, if any, or interest, if any any, on or Additional Amounts, if any, as contemplated in this Indenture, any Guarantee and the Securities or which may affect the covenants or the performance of this Indenture or the Securities; and each of the Operating Partnership Issuer and any Guarantor expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee or the Holders, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 3 contracts

Samples: Indenture (PS Business Parks, L.P.), Indenture (PS Business Parks, L.P.), Avalonbay Communities Inc

Waiver of Usury, Stay or Extension Laws. The Operating Partnership covenants that (to the extent that it may lawfully do so) it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Operating Partnership or any applicable Guarantor from paying all or any portion of the principal of or premium, if any, or interest, if any on or Additional Amounts, if any, as contemplated in this Indenture, any Guarantee Indenture and the Securities or which may affect the covenants or the performance of this Indenture or the Securities; and each of the Operating Partnership and any Guarantor (to the extent that it may lawfully do so) expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee or the Holders, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Washington Prime Group Inc.

Waiver of Usury, Stay or Extension Laws. The Operating Partnership Each of the Company and the Guarantors covenants that (to the extent that it may lawfully do so) it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Operating Partnership or any applicable Guarantor Company and the Guarantors from paying all or any portion of the principal of or premium, if any, or interest, if any any, on or Additional Amounts, if any, with respect to any Securities as contemplated in this Indenture, any Guarantee herein and the Securities therein or which may affect the covenants or the performance of this Indenture or the SecuritiesIndenture; and each of the Operating Partnership Company and any Guarantor the Guarantors expressly waives waive (to the extent that it may lawfully do so) all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee or the HoldersTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.. ARTICLE SIX THE TRUSTEE

Appears in 1 contract

Samples: Indenture (Harley Davidson Inc)

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Waiver of Usury, Stay or Extension Laws. The Operating Partnership Issuer covenants that (to the extent that it may lawfully do so) it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Operating Partnership Issuer or any applicable Guarantor from paying all or any portion of the principal of or premium, if any, or interest, if any any, on or Additional Amounts, if any, as contemplated in this Indenture, any Note Guarantee and the Securities or which may affect the covenants or the performance of this Indenture or the Securities; and each of the Operating Partnership Issuer and any Guarantor expressly waives all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee or the Holders, but will suffer and permit the execution of every such power as though no such law had been enacted.

Appears in 1 contract

Samples: Indenture (VICI Properties L.P.)

Waiver of Usury, Stay or Extension Laws. The Operating Partnership Each of the Company and the Guarantor covenants that (to the extent that it may lawfully do so) it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or any other law wherever enacted, now or at any time hereafter in force, which would prohibit or forgive the Operating Partnership or any applicable Company and the Guarantor from paying all or any portion of the principal of or premium, if any, or interest, if any any, on or Additional Amounts, if any, with respect to any Securities as contemplated in this Indenture, any Guarantee herein and the Securities therein or which may affect the covenants or the performance of this Indenture or the SecuritiesIndenture; and each of the Operating Partnership Company and any the Guarantor expressly waives (to the extent that it may lawfully do so) all benefit or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee or the HoldersTrustee, but will suffer and permit the execution of every such power as though no such law had been enacted.. ARTICLE SIX

Appears in 1 contract

Samples: Indenture (Harley Davidson Inc)

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