Common use of Relief from Bankruptcy Stay Clause in Contracts

Relief from Bankruptcy Stay. The Mortgagor agrees that, in the event that the Mortgagor, any Guarantor or any of the persons or parties constituting the Mortgagor or a Guarantor shall: (a) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under the Bankruptcy Code; (b) be the subject of any order for relief entered under the Bankruptcy Code; (c) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; (d) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; or (e) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtors, the Lender shall thereupon be entitled and the Mortgagor irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender as provided for herein, in the Note, other Loan Documents and as otherwise provided by law, and the Mortgagor hereby irrevocably waives any right to object to such relief and will not contest any motion by the Lender seeking relief from the automatic stay and the Mortgagor will cooperate with the Lender, in any manner requested by the Lender, in their efforts to obtain relief from any such stay or other prohibition.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Avalon GloboCare Corp.), Mortgage and Security Agreement (Avalon GloboCare Corp.)

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Relief from Bankruptcy Stay. The Mortgagor Borrower agrees that, in the event that the MortgagorBorrower, any Guarantor or any of the persons or parties constituting the Mortgagor Borrower or a Guarantor shall: shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject 62 of any petition under Title 11 of the U.S. Code, as amended ("Bankruptcy Code; "), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; , (div) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtors, the Lender Banks shall thereupon be entitled and the Mortgagor Borrower irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender Banks as provided for herein, in the NoteNotes, other Loan Facility Documents delivered in connection herewith and as otherwise provided by law, and the Mortgagor Borrower hereby irrevocably waives any right to object to such relief and will not contest any motion by the Lender Banks seeking relief from the automatic stay and the Mortgagor Borrower will cooperate with the LenderBanks, in any manner requested by the LenderBanks, in their efforts to obtain relief from any such stay or other prohibition.. 63

Appears in 1 contract

Samples: Credit Agreement (Genovese Drug Stores Inc)

Relief from Bankruptcy Stay. The Mortgagor agrees that, in In the event that the Mortgagor, any Guarantor or any of the persons or parties constituting the Mortgagor or a Guarantor Seller shall: --------------------------- (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the U.S. Bankruptcy Code; , as amended (b"Bankruptcy Code"), (ii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal Federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; , (div) have sought or consented to or acquiesced in the appointment of any trusteetrus- tee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal Federal or state act or law relating to bankruptcy, insolvency, or relief for debtors, the Lender Summit shall thereupon be entitled and the Mortgagor Seller each irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender Summit as provided for herein, in the Note, other Loan Sale Documents and as otherwise provided by law, and the Mortgagor Seller hereby irrevocably waives any right to object to such relief and will not contest any motion by the Lender Summit seeking relief from the automatic stay and the Mortgagor will cooperate with the Lender, in any manner requested by the Lender, in their efforts to obtain relief from any such stay or other prohibitionstay.

Appears in 1 contract

Samples: Paper and Security Agreement (Bankvest Capital Corp)

Relief from Bankruptcy Stay. The Mortgagor agrees that, in the event that the Mortgagor, any Guarantor or any of the persons or parties constituting the Mortgagor or a Guarantor shall: shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the U.S. Code, as amended (“Bankruptcy Code; ”), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; , (div) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtors, the Lender Mortgagee shall thereupon be entitled and the Mortgagor irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender Mortgagee as provided for herein, in the Note, other Loan Documents loan documents delivered in connection herewith and as otherwise provided by law, ; and the Mortgagor (a) hereby irrevocably waives any right to object to such relief and will acknowledges that no reorganization in bankruptcy is feasible; (b) waives its exclusive right pursuant to Section 1121(b) of the Bankruptcy Code to file a plan of reorganization and irrevocably consents to Mortgagee filing a plan immediately upon the entry of an order for relief if an involuntary petition is filed against Mortgagor or upon the filing of a voluntary petition by such Mortgagor; and (c) in the event that Mortgagee shall move pursuant to Section 1121(d) of the Bankruptcy Code for an order reducing the 120-day exclusive period, Mortgagor shall not contest any motion by the Lender seeking relief from the automatic stay and the Mortgagor will cooperate with the Lender, in any manner requested by the Lender, in their efforts object to obtain relief from any such stay or other prohibitionmotion.

Appears in 1 contract

Samples: Mortgage, Security Agreement (TNP Strategic Retail Trust, Inc.)

Relief from Bankruptcy Stay. The Mortgagor agrees that, in In the event that the Mortgagor, any Guarantor Borrower or any of the persons or parties constituting the Mortgagor or a Guarantor shall: Borrower shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the U.S. Code, as amended ("Bankruptcy Code; "), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; debtors (dcollectively, "Insolvency Law"), (iv) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcyInsolvency Law, insolvency, or relief for debtors, the Lender each Bank shall thereupon be entitled and the Mortgagor Borrower irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwiseany other stay issued pursuant to the Bankruptcy Code or any Insolvency Law, on or against the exercise of the rights and remedies otherwise available to each Bank or the Lender Collateral Agent as provided for herein, in the Note, other Loan Documents connection herewith and as otherwise provided by law, and the Mortgagor Borrower hereby irrevocably waives any right to object to such relief and will not contest any motion by each Bank or the Lender Collateral Agent seeking relief from the automatic such stay and the Mortgagor Borrower will cooperate with each Bank and the LenderCollateral Agent, in any manner requested by each Bank or the LenderCollateral Agent, in their its efforts to obtain relief from any such stay or other prohibitionstay.

Appears in 1 contract

Samples: Loan Agreement (Griffon Corp)

Relief from Bankruptcy Stay. The Mortgagor Borrower --------------------------- agrees that, in the event that the MortgagorBorrower, any Guarantor or any of the persons or parties constituting the Mortgagor Borrower or a Guarantor shall: shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the U.S. Code, as amended ("Bankruptcy Code; "), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; , (div) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, insolvency or relief for debtors, the Lender shall thereupon be entitled and the Mortgagor Borrower irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender as provided for herein, in the Note, other Loan Documents loan documents delivered in connection herewith and as otherwise provided by law, and the Mortgagor Borrower hereby irrevocably waives any right to object to such relief and will not contest any motion by the Lender seeking relief from the automatic stay and the Mortgagor Borrower will cooperate with the Lender, in any manner requested by the Lender, in their its efforts to obtain relief from any such stay or other prohibition.

Appears in 1 contract

Samples: Credit and Security Agreement (Cadapult Graphic Systems Inc)

Relief from Bankruptcy Stay. The Mortgagor agrees that, in In the event that the Mortgagor, any Guarantor Borrower or any of the persons or parties constituting the Mortgagor or a Guarantor shall: Borrower shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the U.S. Code, as amended ("Bankruptcy Code; "), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; debtors (dcollectively, "Insolvency Law") , (iv) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtorsInsolvency Law, the Lender Administrative Agent and each Bank shall thereupon be entitled and the Mortgagor Borrower irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwiseany other stay issued pursuant to the Bankruptcy Code or any Insolvency Law, on or against the exercise of the rights and remedies otherwise available to each Bank or the Lender Administrative Agent as provided for herein, in the Note, other Loan Documents connection herewith and as otherwise provided by law, and the Mortgagor Borrower hereby irrevocably waives any right to object to such relief and will not contest any motion by each Bank or the Lender Administrative Agent seeking relief from the automatic such stay and the Mortgagor Borrower will cooperate with each Bank and the LenderAdministrative Agent, in any manner requested by each Bank or the LenderAdministrative Agent, in their its efforts to obtain relief from any such stay or other prohibitionstay.

Appears in 1 contract

Samples: Loan Agreement (Griffon Corp)

Relief from Bankruptcy Stay. The Mortgagor Borrower agrees that, in the event that the Mortgagorsuch Borrower, any Guarantor or any of the persons or parties constituting the Mortgagor Borrower or a Guarantor shall: shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the U.S. Code, as amended ("Bankruptcy Code; "), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; , (div) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtors, the Lender Banks shall thereupon be entitled and the Mortgagor Borrower irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender Banks as provided for herein, in the NoteNotes, other Loan Facility Documents delivered in connection herewith and as otherwise provided by law, and the Mortgagor Borrower hereby irrevocably waives any right to object to such relief and will not contest any motion by the Lender Banks seeking relief from the automatic stay and the Mortgagor Borrower will cooperate with the LenderBanks, in any manner requested by the LenderBanks, in their efforts to obtain relief from any such stay or other prohibition.

Appears in 1 contract

Samples: Security Agreement (United Capital Corp /De/)

Relief from Bankruptcy Stay. The Mortgagor Borrower agrees that, in the event that the MortgagorBorrower, any Guarantor or any of the persons or parties constituting the Mortgagor Borrower or a Guarantor shall: shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the United States Code, as amended (“Bankruptcy Code; ”), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; , (div) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtors, the Lender shall thereupon be entitled and the Mortgagor Borrower irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender or Trustee as provided for herein, in the Note, other Loan Documents delivered in connection herewith and as otherwise provided by law, ; and the Mortgagor Borrower (a) hereby irrevocably waives any right to object to such relief and will acknowledges that no reorganization in bankruptcy is feasible; (b) waives its exclusive right pursuant to Section 1121(b) of the Bankruptcy Code to file a plan of reorganization and irrevocably consents to Lender filing a plan immediately upon the entry of an order for relief if an involuntary petition is filed against Borrower or upon the filing of a voluntary petition by such Borrower; and (c) in the event that Lender shall move pursuant to Section 1121(d) of the Bankruptcy Code for an order reducing the 120-day exclusive period, Borrower shall not contest any motion by the Lender seeking relief from the automatic stay and the Mortgagor will cooperate with the Lender, in any manner requested by the Lender, in their efforts object to obtain relief from any such stay or other prohibitionmotion.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (General Cannabis Corp)

Relief from Bankruptcy Stay. The Mortgagor agrees that, in the event that the Mortgagor, any Guarantor or any of the persons or parties constituting the Mortgagor or a Guarantor shall: (a) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under the Bankruptcy Code; (b) be the subject of any order for relief entered under the Bankruptcy Code; (c) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; (d) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; or (e) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtors, the Lender shall thereupon be entitled and the Mortgagor irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender as provided for herein, in the Note, other Loan Documents and as otherwise provided by law, and the Mortgagor hereby irrevocably waives any right to object to such relief and will not contest any motion by the Lender seeking relief from the automatic stay and the Mortgagor will cooperate with the Lender, in any manner requested by the Lender, in their its efforts to obtain relief from any such stay or other prohibition.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Avalon GloboCare Corp.)

Relief from Bankruptcy Stay. The Mortgagor agrees that, in In the event that the Mortgagor, any Guarantor either Borrower or any of the persons or parties constituting the Mortgagor or a Guarantor shall: Borrower shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the U.S. Code, as amended ("Bankruptcy Code; "), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; debtors (dcollectively, "Insolvency Law") , (iv) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtorsInsolvency Law, the Lender Administrative Agent and each Bank shall thereupon be entitled and the Mortgagor each Borrower irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwiseany other stay issued pursuant to the Bankruptcy Code or any Insolvency Law, on or against the exercise of the rights and remedies otherwise available to each Bank or the Lender Administrative Agent as provided for herein, in the Note, other Loan Documents connection herewith and as otherwise provided by law, and the Mortgagor each Borrower hereby irrevocably waives any right to object to such relief and will not contest any motion by each Bank or the Lender Administrative Agent seeking relief from the automatic such stay and the Mortgagor each Borrower will cooperate with each Bank and the LenderAdministrative Agent, in any manner requested by each Bank or the LenderAdministrative Agent, in their its efforts to obtain relief from any such stay or other prohibitionstay.

Appears in 1 contract

Samples: Loan Agreement (Griffon Corp)

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Relief from Bankruptcy Stay. The Mortgagor agrees Co-Borrowers agree that, in the event that the Mortgagorany Co-Borrower, any Guarantor or any of the persons or parties constituting the Mortgagor a Co-Borrower or a Guarantor shall: shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title I I of the U.S. Code, as amended ("Bankruptcy Code; "), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; , (div) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; liquidation, or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, readjustment liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtors, the Lender Bank shall thereupon be entitled and the Mortgagor Co-Borrowers and the Guarantors irrevocably consents consent to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender Bank as provided for herein, in the Note, other Loan Facility Documents delivered in connection herewith and as otherwise provided by law, and the Mortgagor Co-Borrowers hereby irrevocably waives waive any right to object to such relief and will not contest any motion by the Lender Bank seeking relief from the automatic stay and the Mortgagor Co-Borrowers will cooperate with the LenderBank, in any manner requested by the LenderBank, in their its efforts to obtain relief from any such stay or other prohibition.

Appears in 1 contract

Samples: Revolving Credit Agreement (Comforce Corp)

Relief from Bankruptcy Stay. The Mortgagor Each of the Borrowers agrees that, in the event that the Mortgagorany Borrower, any Guarantor Loan Party or any of the persons or parties constituting the Mortgagor any Borrower or a Guarantor shall: Loan Party shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title II of the U. S. Code, as amended ("Bankruptcy Code; "), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; , (div) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any an order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtors, the Lender Banks and the Agent shall thereupon be entitled and each of the Mortgagor Borrowers irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender Banks and the Agent as provided for herein, in the NoteNotes, the Temporary Loan Notes, other Loan Documents loan documents delivered in connection herewith and as otherwise provided by law, and each of the Mortgagor Borrowers hereby irrevocably waives any right to object to such relief and will not contest any motion by any Bank or the Lender Agent seeking relief from the automatic stay and each of the Mortgagor Borrowers will cooperate with the LenderBanks and the Agent, in any manner requested by the LenderAgent, in their efforts to obtain relief from any such stay or other prohibition.

Appears in 1 contract

Samples: Loan Agreement (Linc Group Inc)

Relief from Bankruptcy Stay. The Mortgagor Borrower agrees that, in the event that the Mortgagorsuch Borrower, any Guarantor or any of the persons or parties constituting the Mortgagor Borrower or a Guarantor shall: shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the U.S. Code, as amended ("Bankruptcy Code; "), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; , (div) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtors, the Lender Banks shall thereupon be entitled and the Mortgagor Borrower irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender Banks as provided for herein, in the NoteRevolving Credit Notes, other Loan Facility Documents delivered in connection herewith and as otherwise provided by law, and the Mortgagor Borrower hereby irrevocably waives any right to object to such relief and will not contest any motion by the Lender Banks seeking relief from the automatic stay and -and the Mortgagor Borrower will cooperate with the LenderBanks, in any manner requested by the LenderBanks, in their efforts to obtain relief from any such stay or other prohibition.

Appears in 1 contract

Samples: Credit Agreement (United Capital Corp /De/)

Relief from Bankruptcy Stay. The Mortgagor Maker agrees that, in the event that the Mortgagor, any Guarantor Maker or any of the persons or parties constituting the Mortgagor or a Guarantor shall: Maker shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the United States Bankruptcy Code; , as amended (b"Bankruptcy Code"), (ii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolutiondissolution or similar relief under any present or future relief for debtors, (iv) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator or liquidator, or (v) be the subject of any order, judgment or decree entered by any court of competent jurisdiction approving a petition filed against such party for any dissolution or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; (d) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; or (e) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, insolvency or relief for debtors, the Lender Payee shall thereupon be entitled and the Mortgagor Maker irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender Payee as provided for herein, in the NoteMortgage, or in any of the other Loan Documents loan documents delivered in connection herewith, and as otherwise provided by law, and the Mortgagor Maker hereby irrevocably waives any right to object to such relief and will not contest any motion by the Lender Xxxxx seeking relief from the automatic stay and the Mortgagor will cooperate with the Lender, in any manner requested by the Lender, in their efforts to obtain relief from any such stay or other prohibitionstay.

Appears in 1 contract

Samples: Gavella Corp

Relief from Bankruptcy Stay. The Mortgagor Borrower agrees that, in the event that the Mortgagorsuch Borrower, any Guarantor or any of the persons or parties constituting the Mortgagor Borrower or a Guarantor shall: shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the U.S. Code, as amended ("Bankruptcy Code; "), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; , (div) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or relief for debtors, the Lender Banks shall thereupon be entitled and the Mortgagor Borrower irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender Banks as provided for herein, in the NoteNotes, other Loan Facility Documents delivered in connection herewith and as otherwise provided by law, and the Mortgagor Borrower hereby irrevocably waives any right to object to such relief and will not contest any motion by the Lender Banks seeking relief from the automatic stay and the Mortgagor Borrower will cooperate with the LenderBanks, in any manner requested by the LenderBanks, in their efforts to obtain relief from any such stay or other prohibition.

Appears in 1 contract

Samples: Credit Agreement (United Capital Corp /De/)

Relief from Bankruptcy Stay. The Mortgagor covenants and agrees that, in the event that the Mortgagor, any Guarantor guarantor or any of the persons or parties constituting the Mortgagor or a Guarantor shall: guarantor shall (ai) file with any bankruptcy court of competent jurisdiction or be the subject of any petition under Title 11 of the U.S. Code, as amended (the "Bankruptcy Code; "), (bii) be the subject of any order for relief entered issued under the Bankruptcy Code; , (ciii) file or be the subject of any petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, or other relief for debtors; , (div) have sought or consented to or acquiesced in the appointment of any trustee, receiver, conservator, or liquidator; , or (ev) be the subject of any order, judgment, or decree entered by any court of competent jurisdiction approving a petition filed against such party for any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any present or future federal or state act or law relating to bankruptcy, insolvency, insolvency or relief for debtors, the Lender Mortgagee shall thereupon be entitled and the Mortgagor irrevocably consents to immediate and unconditional relief from any automatic stay imposed by Section 362 of the Bankruptcy Code, or otherwise, on or against the exercise of the rights and remedies otherwise available to the Lender Mortgagee as provided for herein, in the Note, other the Loan Documents and as otherwise provided by law, and the Mortgagor hereby irrevocably waives any right to object to such relief and will not contest any motion by the Lender Mortgagee seeking relief from the automatic stay and the Mortgagor will cooperate with the LenderMortgagee, in any manner requested by the LenderMortgagee, in their its efforts to obtain relief from any such stay or other prohibition.

Appears in 1 contract

Samples: Michael Anthony Jewelers Inc

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