Section 552 Clause Samples
Section 552 establishes the legal framework for imposing liability on parties who negligently provide false information that others rely upon to their detriment. In practice, this clause typically applies to professionals such as accountants or consultants who supply information or advice in the course of their business, and it allows third parties who foreseeably rely on that information to seek damages if they suffer a loss. The core function of Section 552 is to protect individuals and entities from economic harm caused by negligent misstatements, thereby promoting accuracy and accountability in professional communications.
Section 552. Subject to the entry of a Final Order, in light of, as applicable, the subordination of the Prepetition Liens and the Adequate Protection Liens to the DIP Liens and the Carve-Out, and the granting of the DIP Liens on the Prepetition Collateral, the Prepetition
Section 552. In light of the subordination of their liens and superpriority claims to (i) the Carve Out in the case of the DIP Secured Parties, and (ii) the Carve Out and the DIP Liens in the case of the Pre-Petition Secured Parties, the DIP Secured Parties and the Pre-Petition Secured Parties are each entitled to all of the rights and benefits of section 552(b) of the Bankruptcy Code, and the “equities of the case” exception shall not apply.
Section 552. In light of the subordination of their Liens and superpriority administrative claims to (i) the Carve-Out, in the case of the DIP Secured Parties, and (ii) the Carve-Out and the DIP Liens, in the case of the Existing RBL Secured Parties, each of the DIP Secured Parties and the Existing Secured Parties is entitled to all of the rights and benefits of section 552(b) of the Bankruptcy Code, and, subject to the entry of the Final Order, the “equities of the case” exception shall not apply.
Section 552. 29 Each driver required to work on a state required school holiday or Sunday, will be paid time 30 and one half for each hour of assigned work.