Bankruptcy Claims Clause Samples
The Bankruptcy Claims clause defines how claims against a party that has filed for bankruptcy are handled under the agreement. Typically, this clause outlines the rights and procedures for asserting claims if one party becomes insolvent or enters bankruptcy proceedings, such as specifying notice requirements or the treatment of outstanding obligations. Its core function is to clarify the parties' rights and obligations in the event of bankruptcy, thereby reducing uncertainty and ensuring that claims are managed in an orderly and predictable manner.
Bankruptcy Claims. All claims and rights to the payment of damages and other claims arising from any rejection by a lessee of any Lease under the Bankruptcy Code (the “Bankruptcy Claims”).
Bankruptcy Claims. Nothing herein shall be deemed to be a waiver of any right which Lender may have under Sections 506(a), 506(b), 1111(b) or any other provisions of the U.S. Bankruptcy Code to file a claim for the full amount of the Debt secured by this Security Instrument or to require that all collateral shall continue to secure all of the Debt owing to Lender in accordance with the Note, this Security Instrument and the Other Security Documents.
Bankruptcy Claims. All of Borrower's claims and rights (the "BANKRUPTCY CLAIMS") to the payment of damages arising from any rejection by a lessee of any Lease under the Bankruptcy Code.
Bankruptcy Claims. (i) Any Loan Party or any Subsidiary of any Loan Party shall be subject to a claim arising out of any proceeding of the type referred to in Section 8.1.7 to which any counterparty to any Material Supply Agreement shall be subject and (ii) such claim results, or could be reasonably expected to result, in a Material Adverse Effect.
Bankruptcy Claims. File proofs of claims or other documents as may be necessary or desirable to have its claim lodged in any bankruptcy, winding-up, liquidation, arrangement, dissolution or other proceedings (voluntary or otherwise) relating to the Grantor;
Bankruptcy Claims. All of Assignor’s claims and rights (the “Bankruptcy Claims”) to the payment of damages arising from any rejection by a lessee of any Lease under the Bankruptcy Code.
Bankruptcy Claims. If under any applicable bankruptcy, insolvency or other similar law, any Lender receives a secured claim in lieu of a setoff to which Section 3 hereof applies, such Lender shall exercise its rights in respect of such secured claim in a manner consistent with the rights of the other Lenders in accordance with Section 3 hereof.
Bankruptcy Claims. All of the Company’s claims and rights (the “Bankruptcy Claims”) to the payment of damages arising from any rejection by the Tenant of the Lease or any other tenant under the Other Leases under the Bankruptcy Code, 11 U.S.C. §101 et seq., as the same may be amended (the “Bankruptcy Code”) or under any comparable federal or state statute or law.
Bankruptcy Claims. Any and all Claims or rights of Sellers arising under chapter 5 of the Bankruptcy Code;
Bankruptcy Claims. Any and all Claims filed against Sellers in their respective Bankruptcy Cases, except for the Assumed Liabilities, as limited in Section 2.7(a);