Common use of Automatic Stay Clause in Contracts

Automatic Stay. The Debtors acknowledge that neither the giving of notice of termination by any Party pursuant to this Agreement nor compliance with any provision hereto shall be a violation of the automatic stay of section 362 of the Bankruptcy Code; provided, that nothing herein shall prejudice any Party’s rights to argue that the giving of notice of termination was not proper under the terms of this Agreement.

Appears in 6 contracts

Sources: Plan Support Agreement (Garrett Motion Inc.), Plan Support Agreement (Garrett Motion Inc.), Plan Support Agreement (Garrett Motion Inc.)

Automatic Stay. The Debtors acknowledge that neither the giving of notice of termination by any Party pursuant to this Agreement nor compliance with any provision hereto shall not be a violation of the automatic stay of section 362 of the Bankruptcy Code; provided, provided that nothing herein shall prejudice any Party’s rights to argue that the giving of notice of termination was not proper under the terms of this Agreement.

Appears in 3 contracts

Sources: Plan Sponsor Agreement (Aerocentury Corp), Plan Sponsor Agreement (Aerocentury Corp), Plan Sponsor Agreement (Aerocentury Corp)

Automatic Stay. The Debtors acknowledge Debtor acknowledges and agrees and shall not dispute that neither the giving of notice of termination by any Party pursuant to this Agreement nor compliance with any provision hereto shall not be a violation of the automatic stay of section 362 of the Bankruptcy Code; providedCode (and the Debtor hereby waives, that nothing herein shall prejudice any Party’s rights to argue that the greatest extent possible, the applicability of the automatic stay to the giving of notice of termination was not proper under the terms of this Agreementsuch notice).

Appears in 1 contract

Sources: Restructuring Support Agreement (Marin Software Inc)

Automatic Stay. The Debtors acknowledge that neither the giving of any notice of termination by any Party pursuant to this Agreement nor compliance or the exercise of any rights in complianc e with any provision hereto shall not be a violation of the automatic stay of section 362 of the Bankruptcy Code; provided, that nothing herein shall prejudice any Party’s rights to argue that the giving of notice of termination was not proper under the terms of this Agreement.

Appears in 1 contract

Sources: Restructuring Support Agreement

Automatic Stay. The Debtors acknowledge that neither the giving of notice of termination by any Party pursuant to this Amended Agreement nor compliance with any provision hereto shall not be a violation of the automatic stay of section 362 of the Bankruptcy Code; provided, that nothing herein shall prejudice any Party’s rights to argue that the giving of notice of termination was not proper under the terms of this Amended Agreement.

Appears in 1 contract

Sources: Restructuring Support Agreement (Breitburn Energy Partners LP)