Survival of Claims. The (a) Postpetition Obligations shall survive the entry of an order (i) confirming any Chapter 11 plan in the Borrower’s Chapter 11 Case, (ii) converting the Borrower’s Chapter 11 Case to a case under chapter 7 of the Bankruptcy Code, or (iii) dismissing the Borrower’s Chapter 11 Case, and (b) the superpriority administrative claims granted relating to the Postpetition Obligations and all Postpetition Liens granted to the Postpetition Lender shall continue in full force and effect and maintain their respective priority as set forth in the Orders until the payment in full of the Postpetition Obligations (other than contingent indemnification obligations for which no claim has been made).
Appears in 7 contracts
Samples: Credit Agreement (Verasun Energy Corp), Credit Agreement (Verasun Energy Corp), Credit Agreement (Verasun Energy Corp)
