Common use of No Exemption Clause in Contracts

No Exemption. Colmena hereby declares that the Collateral forms no part of any property owned, used or claimed by Colmena as exempted from forced sale under the laws of any state, and disclaims, waives and renounces all and every claim to exemption under any homestead exemption.

Appears in 2 contracts

Sources: Loan Agreement (Colmena Corp), Loan Agreement (Colmena Corp)