Common use of Waiver and Estoppel Clause in Contracts

Waiver and Estoppel. (a) The Borrower hereby agrees, to the extent it may do so lawfully and without violation of its fiduciary obligations, 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 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 Trust Agreement, any Guarantee or any Security Document and waives all benefit or advantage of all such laws, and the Borrower hereby covenants that it will not hinder, delay or impede the execution of any power granted to the Trustees in this Trust Agreement, any Guarantee or any Security Document but will suffer and permit the execution of every such power as though no such law were in force.

Appears in 2 contracts

Samples: Trust Agreement (Sprint Spectrum Finance Corp), Trust Agreement (Sprint Spectrum Finance Corp)

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Waiver and Estoppel. (a) The Borrower hereby agrees, to To the extent it may lawfully do so lawfully and without violation of its fiduciary obligationsso, that the Borrower agrees that, during any Default Period, it will not at any time in any manner whatsoever claim, 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 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 Trust Agreement, any Guarantee Agreement or any other Security Document Document, and the Borrower hereby waives all benefit or advantage of all such laws, to the extent that it may lawfully do so, and the Borrower hereby covenants that it will not hinder, delay or impede the execution of any power granted to the Trustees Security Agent in this Trust Agreement, any Guarantee Agreement or any other Security Document but will suffer and permit the execution of every such power as though no such law were in force.

Appears in 2 contracts

Samples: Deposit and Intercreditor Agreement (Cogentrix Energy Inc), Deposit and Intercreditor Agreement (Cogentrix Energy Inc)

Waiver and Estoppel. (a) The Borrower hereby Subject to the terms of the Loan Documents, each Grantor agrees, to the extent it may lawfully do so lawfully and without violation of its fiduciary obligationsso, 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 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 Trust Agreement, any Guarantee Agreement or any Security Loan Document and hereby waives all benefit or advantage of all such laws, laws and the Borrower hereby covenants that it will not hinder, delay or impede the execution of any power granted to the Trustees Administrative Agent in this Trust Agreement, any Guarantee Agreement or any Security Loan Document but will suffer and permit the execution of every such power as though no such law were in force.

Appears in 2 contracts

Samples: Security Agreement (Fairpoint Communications Inc), Security Agreement (Fairpoint Communications Inc)

Waiver and Estoppel. (a) The Borrower hereby agrees, to 8.15.1 To the extent it may do so lawfully and without violation permitted by applicable law, each of its fiduciary obligations, the Borrowers hereby agrees that it will not at any time time, in any manner whatsoever 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 Collateral Secured Property shall be sold, now or at any time hereafter in force, which that may delay, prevent or otherwise affect the performance or enforcement of this Trust Agreement, any Guarantee Agreement or any Security Document other Financing Document, and to the extent permitted by applicable law, waives all benefit or advantage of all such laws, and the each Borrower hereby covenants that it will not hinder, delay or impede the execution of any power granted to the Trustees IDB in this Trust Agreement, any Guarantee Agreement or any Security other Financing Document but will suffer and permit the execution of every such power as though no such law were in force.

Appears in 1 contract

Samples: Original Loan Agreement (Adecoagro S.A.)

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Waiver and Estoppel. (a) The To the extent permitted by applicable law, the Borrower hereby agrees, to the extent it may do so lawfully and without violation of its fiduciary obligations, agrees 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 Collateral shall be sold, now or at any time hereafter in force, which that may delay, prevent or otherwise affect the performance or enforcement of this Trust Agreement, any Guarantee Agreement or any Security Document other Loan Document, and to the extent permitted by applicable law, waives all benefit or advantage of all such laws, and the Borrower hereby covenants that it will not hinder, delay or impede the execution of any power granted to the Trustees Collateral Agent in this Trust Agreement, any Guarantee Agreement or any Security other Loan Document but will suffer and permit the execution of every such power as though no such law were in force.

Appears in 1 contract

Samples: Common Agreement (Digicel Group LTD)

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