Common use of Waiver of Certain Laws Clause in Contracts

Waiver of Certain Laws. Each of the Borrower and the InvestmentCollateral Manager agrees, to the full extent that it may lawfully so agree, that neither it nor anyone claiming through or under it will set up, claim or seek to take advantage of any appraisement, valuation, stay, extension or redemption law now or hereafter in force in any locality where any Collateral may be situated in order to prevent, hinder or delay the enforcement or foreclosure of this Agreement, or the absolute sale of any of the Collateral or any part thereof, or the final and absolute putting into possession thereof, immediately after such sale, of the purchasers thereof, and each of the Borrower and the InvestmentCollateral Manager, for itself and all who may at any time claim through or under it, hereby waives, to the full extent that it may be lawful so to do, the benefit of all such laws, and any and all right to have any of the properties or assets constituting the Collateral marshaled upon any such sale, and agrees that the Administrative Agent or any court having jurisdiction to foreclose the security interests granted in this Agreement may sell the Collateral as an entirety or in such parcels as the Administrative Agent or such court may determine. [Investcorp] Loan and Security Agreement

Appears in 1 contract

Sources: Loan, Security and Investment Management Agreement (Investcorp Credit Management BDC, Inc.)

Waiver of Certain Laws. Each of the Borrower and the InvestmentCollateral Collateral Manager agrees, to the full extent that it may lawfully so agree, that neither it nor anyone claiming through or under it will set up, claim or seek to take advantage of any appraisement, valuation, stay, extension or redemption law now or hereafter in force in any locality where any Collateral may be situated in order to prevent, hinder or delay the enforcement or foreclosure of this Agreement, or the absolute sale of any of the Collateral or any part thereof, or the final and absolute putting into possession thereof, immediately after such sale, of the purchasers thereof, and each of the Borrower and the InvestmentCollateral Collateral Manager, for itself and all who may at any time claim through or under it, hereby waives, to the full extent that it may be lawful so to do, the benefit of all such laws, and any and all right to have any of the properties or assets constituting the Collateral marshaled upon any such sale, and agrees that the Administrative Agent or any court having jurisdiction to foreclose the security interests granted in this Agreement may sell the Collateral as an entirety or in such parcels as the Administrative Agent or such court may determine. -158- [InvestcorpWillow Tree BDC] Loan Amended and Restated Loan, Security Agreementand Collateral Management Agreement #506694681

Appears in 1 contract

Sources: Loan Agreement (Willow Tree Capital Corp)

Waiver of Certain Laws. Each of the Borrower and the InvestmentCollateral Manager The Seller agrees, to the full extent that it may lawfully so agree, that neither it nor anyone claiming through or under it will set up, claim or seek to take advantage of any appraisement, valuation, stay, extension or redemption law now or hereafter in force in any locality where any Collateral Purchased Items may be situated in order to prevent, hinder or delay the enforcement or foreclosure of this Agreement, or the absolute sale of any of the Collateral Purchased Items or any part thereof, or the final and absolute putting into possession thereof, immediately after such sale, of the purchasers thereof, and each of the Borrower and the InvestmentCollateral ManagerSeller, for itself and all who may at any time claim through or under it, hereby waives, to the full extent that it may be lawful so to do, the benefit of all such laws, laws and any and all right to have any of the properties or assets constituting the Collateral Purchased Items marshaled upon any such sale, and agrees that the Administrative Agent Purchaser or any court having jurisdiction to foreclose the security interests granted in this Agreement may sell the Collateral Purchased Items as an entirety or in such parcels as the Administrative Agent Purchaser or such court may determine. [Investcorp] Loan Purchase and Security AgreementRepurchase Agreement (Wachovia and Arbor)

Appears in 1 contract

Sources: Loan Purchase and Repurchase Agreement (Arbor Realty Trust Inc)