Common use of Waiver and Estoppel Clause in Contracts

Waiver and Estoppel. (a) The Borrower agrees, to the extent he may lawfully do so, that he will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting him to direct the order in which the Pledged 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 Pledge Agreement, and hereby waives all benefit or advantage of all such laws. The Borrower covenants that he will not hinder, delay or impede the execution of any power granted to the Lender in the Note or this Pledge Agreement.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Smithfield Foods Inc), Stock Pledge Agreement (Smithfield Foods Inc)

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Waiver and Estoppel. (a) The Borrower Pledgor agrees, to the extent he it may lawfully do so, that he it will not at any time in any manner whatsoever claim or take the benefit or advantage of, of any appraisal, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting him it to direct the order in which the Pledged 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 Pledge Agreement, and hereby waives all benefit or advantage of all such laws. The Borrower Pledgor covenants that he it will not hinder, delay or impede the execution of any power granted to the Lender in the Credit Agreement, the ESOP Note or this Pledge Agreement.

Appears in 2 contracts

Samples: Stock Pledge Agreement (Hooker Furniture Corp), Credit Agreement (Hooker Funiture Corp Employee Stock Ownership Plan Trust)

Waiver and Estoppel. (a) The Borrower Pledgor agrees, to the extent he it may lawfully do so, that he it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting him it to direct the order in which the Pledged 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 Pledge Agreement, and hereby waives all benefit or advantage of all such laws. The Borrower Pledgor covenants that he it will not hinder, delay or impede the execution of any power granted to the Lender Provider in the Note Credit Agreement, the Base Agreement or this Pledge Agreement.

Appears in 1 contract

Samples: Membership Interest Pledge Agreement (Summer Energy Holdings Inc)

Waiver and Estoppel. (a) The Borrower agrees, to the extent he it may lawfully do so, that he it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting him it to direct the order in which the Pledged 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 Pledge Agreement, and hereby waives all benefit or advantage of all such laws. The Borrower covenants that he it will not hinder, delay or impede the execution of any power granted to the Lender Pledgee in the Note or this Pledge AgreementAgreement or any of the other instrument or agreement evidencing or securing a Loan.

Appears in 1 contract

Samples: Pledge and Security Agreement (Microstrategy Inc)

Waiver and Estoppel. (a) The Borrower Pledgor agrees, to the extent he it may lawfully do so, that he it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting him it to direct the order in which the Pledged 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 Pledge Agreement, and hereby waives all benefit or advantage of all such laws. The Borrower Pledgor covenants that he it will not hinder, delay or impede the execution of any power granted to the Lender Pledgee in the Note or this Pledge AgreementAgreement or any of the other instrument or agreement evidencing or securing a Loan.

Appears in 1 contract

Samples: Pledge and Security Agreement (Microstrategy Inc)

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Waiver and Estoppel. (a) The Borrower Pledgor agrees, to the extent he it may lawfully do so, that he it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting him it to direct the order in which the Pledged 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 Pledge Agreement, and hereby waives all benefit or advantage of all such laws. The Borrower Pledgor covenants that he it will not hinder, delay or impede the execution of any power granted to the Lender Secured Party in the Note Credit Agreement or this Pledge Agreement.

Appears in 1 contract

Samples: Membership Interest Pledge Agreement (Summer Energy Holdings Inc)

Waiver and Estoppel. (a) The Borrower Pledgor agrees, to the extent he it may lawfully do so, that he it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting him it to direct the order in which the Pledged 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 Pledge Agreement, and hereby waives all benefit or advantage of all such laws. The Borrower Pledgor covenants that he it will not hinder, delay or impede the execution of any power granted to the Lender Pledgee in the Note Asset Purchase Agreement or this Pledge Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Natural Gas Services Group Inc)

Waiver and Estoppel. (a) The Borrower Pledgor agrees, to the extent he it may lawfully do so, that he it will not at any time in any manner whatsoever claim or take the benefit or advantage of, any appraisal, valuation, stay, extension, moratorium, turnover or redemption law, or any law permitting him it to direct the order in which the Pledged 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 Pledge Agreement, and hereby waives all benefit or advantage of all such laws. The Borrower Pledgor covenants that he it will not hinder, delay or impede the execution of any power granted to the Lender Bank in the Note Loan Agreement, the Notes or this Pledge Agreement.

Appears in 1 contract

Samples: Stock Pledge Agreement (Hadron Inc)

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