Common use of Debtor Relief Clause in Contracts

Debtor Relief. Any Company (a) is not Solvent, (b) fails to pay its Liabilities generally as they become due, (c) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, or (d) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than as a creditor or claimant, that could suspend or otherwise adversely affect the Rights of any Credit Party granted in the Loan Documents (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty (60) days after its filing).

Appears in 9 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Innkeepers Usa Trust/Fl), Credit Agreement (Prentiss Properties Trust/Md)

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Debtor Relief. Any Company (a) is not Solvent, ; (b) fails to pay its Liabilities Debts generally as they become due, ; (c) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, ; or (d) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than as a creditor or claimant, that could suspend or otherwise adversely affect the Rights of Administrative Agent or any Credit Party Lender granted in the Loan Documents Papers (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty (60) days after its filing).

Appears in 4 contracts

Samples: Credit Agreement (Monro, Inc.), Credit Agreement (Monro Muffler Brake Inc), Credit Agreement (Monro Muffler Brake Inc)

Debtor Relief. Any Company (ai) is not Solvent, (bii) fails to pay its Liabilities debts generally as they become due, (ciii) voluntarily seeks, consents to, to or acquiesces in the benefit of any Debtor Relief Law, Law or (div) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than Law (except as a creditor or claimant, ) that could suspend or otherwise adversely affect the Rights of Administrative Agent or any Lender under the Credit Party granted in the Loan Documents (unless, if the proceeding is involuntaryinstituted by a Person other than a Company, the applicable petition is dismissed within sixty (60) 60 days after its filing).

Appears in 4 contracts

Samples: Credit Agreement (Ultrak Inc), Credit Agreement (Ultrak Inc), Credit Agreement (Ultrak Inc)

Debtor Relief. Any Company (a) is not Solvent, (b) fails to pay its Liabilities generally as they become due, (c) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, or (d) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than as a creditor or claimant, that could suspend or otherwise adversely affect the Rights of any Credit Party granted in the Loan Documents (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty ninety (6090) days after its filing).

Appears in 3 contracts

Samples: Credit Agreement (Prologis Trust), Credit Agreement (Prologis Trust), Credit Agreement (Prologis Trust)

Debtor Relief. Any Company (a) is not Solvent, (b) fails to pay its Liabilities generally as they become due, (c) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, or (d) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than as a creditor or claimant, that could suspend or otherwise adversely affect the Rights of any Credit Party Agent or any Lender granted in the Loan Documents (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty (60) days after its filing).

Appears in 3 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

Debtor Relief. Any Restricted Company (a) is not Solvent, (b) fails to pay its Liabilities Debts ------------- generally as they become due, (cb) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, or (dc) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than as a creditor or claimant, that could suspend or otherwise adversely affect the Rights of Agent or any Credit Party Lender granted in the Loan Documents Papers (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty (60) 60 days after its filing).

Appears in 3 contracts

Samples: Credit Agreement (Vail Resorts Inc), Credit Agreement (Vail Resorts Inc), Credit Agreement (Vail Resorts Inc)

Debtor Relief. Any Restricted Company (a) is not Solvent, (b) fails to pay its Liabilities Debts generally as they become due, (c) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, Law or (d) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than Law — except as a creditor or claimant, claimant — that could suspend or otherwise adversely affect the Rights of Administrative Agent or any Credit Party Lender granted in the Loan Documents (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty (60) 60 days after its filing).

Appears in 3 contracts

Samples: Credit Agreement (Goodrich Petroleum Corp), Term Loan Agreement (Goodrich Petroleum Corp), Credit Agreement (Goodrich Petroleum Corp)

Debtor Relief. Any Company Obligor (a) is not Solvent, (b) fails to pay its Liabilities generally as they become due, (c) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, or (d) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than as a creditor or claimant, that could suspend or otherwise adversely affect the Rights of any Credit Party granted in the Loan Documents (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty (60) days after its filing).

Appears in 2 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

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Debtor Relief. Any A Company (a) is not Solvent, (b) fails to pay its Liabilities Debts generally as they become due, (c) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, or (d) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than as a creditor or claimant, that could suspend or otherwise adversely affect the Rights of any Credit Party Agent or Lenders granted in the Loan Credit Documents (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty (60) days after its filing).

Appears in 1 contract

Samples: Monro Muffler Brake Inc

Debtor Relief. Any Restricted Company (a) is not Solvent, (b) fails to pay its Liabilities Debts generally as they become due, (c) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, Law or (d) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than Law — except as a creditor or claimant, claimant — that could suspend or otherwise adversely affect the Rights of Agent or any Credit Party Lender granted in the Loan Documents (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty (60) 60 days after its filing).

Appears in 1 contract

Samples: Credit Agreement (Goodrich Petroleum Corp)

Debtor Relief. Any Company (a) is not Solvent, ; (b) fails to pay its Liabilities Debts generally as they become due, ; (c) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, ; or (d) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than as a creditor or claimant, that could suspend or otherwise adversely affect the Rights of Agent or any Credit Party Lender granted in the Loan Documents Papers (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty (60) days after its filing).

Appears in 1 contract

Samples: Credit Agreement (Monro Muffler Brake Inc)

Debtor Relief. Any Restricted Company (a) is not Solvent, (b) fails to pay its Liabilities Debts generally as they become due, (c) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, or (d) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than Law - except as a creditor or claimant, claimant - that could suspend or otherwise adversely affect the Rights of Agent or any Credit Party Lender granted in the Loan Documents (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty (60) 60 days after its filing).

Appears in 1 contract

Samples: Credit Agreement (Goodrich Petroleum Corp)

Debtor Relief. Any Restricted Company (a) is not Solvent, (b) fails to pay its Liabilities Debts ------------- generally as they become due, (cb) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, or (dc) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than as a creditor or claimant, that could suspend or otherwise adversely affect the Rights of any Credit Party Lender granted in the Loan Documents Papers (unless, if the proceeding is involuntary, the applicable petition is dismissed within sixty (60) 60 days after its filing).

Appears in 1 contract

Samples: Credit Agreement (Vail Resorts Inc)

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