Common use of Automatic Stay Clause in Contracts

Automatic Stay. The Obligors agree that upon the filing of any Petition for Relief by or against either of the Obligors under the United States Bankruptcy Code, the Lender shall be entitled to immediate and complete relief from the automatic stay with respect to the Obligors, and Lender shall be permitted to proceed to protect and enforce its rights and remedies under state law. The Obligors hereby expressly assent to any motion filed by the Lender seeking relief from the automatic stay. The Obligors further hereby expressly WAIVE the protections afforded under Xxxxxxx 000 xx xxx Xxxxxx Xxxxxx Bankruptcy Code with respect to the Lender.

Automatic Stay. The Obligors agree that upon the filing of any Petition for Relief by or against either any one or more of the Obligors under the United States Bankruptcy Code, the Lender Bank shall be entitled to immediate and complete relief from the automatic stay with respect to the Obligorsstay, and Lender the Bank shall be permitted to proceed to protect and enforce its rights and remedies under state law. The Obligors hereby expressly assent to any motion filed by the Lender Bank seeking relief from the automatic stay. The Obligors further hereby expressly WAIVE the protections afforded under Xxxxxxx 000 xx xxx Xxxxxx Xxxxxx Bankruptcy Code with respect to the LenderBank.

Automatic Stay. The Obligors agree that upon the filing of any Petition for Relief by or against either any one or more of the Obligors under the United States Bankruptcy Code, the Lender Bank and/or the Lessor shall be entitled to immediate and complete relief from the automatic stay with respect to the Obligorsstay, and Lender the Bank and/or the Lessor shall be permitted to proceed to protect and enforce its their respective rights and remedies under state law. The Obligors hereby expressly assent to any motion filed by the Lender Bank and/or the Lessor seeking relief from the automatic stay. The Obligors further hereby expressly WAIVE the protections afforded under Xxxxxxx 000 xx xxx Xxxxxx Xxxxxx Bankruptcy Code with respect to the LenderBank and the Lessor.

Automatic Stay. The Obligors agree that upon the filing of any Petition for Relief by or against either any of the Obligors under the United States Bankruptcy CodeCode (a “Bankruptcy Filing”), the Lender shall be entitled to immediate and complete relief from the automatic stay with respect to the such Obligor or Obligors, and Lender shall be permitted to proceed to protect and enforce its rights and remedies under state applicable law. The Obligors hereby expressly assent to any motion filed by the Lender seeking relief from the automatic stay. The Obligors further hereby expressly WAIVE the protections afforded under Xxxxxxx Sxxxxxx 000 xx xxx Xxxxxx Xxxxxx Bankruptcy Code with respect to the Lender.

Automatic Stay. 19. The Obligors agree Borrower agrees that upon the filing of any Petition for Relief by or against either of the Obligors Borrower under the United States Bankruptcy Code, the Lender Lenders shall be entitled to immediate and complete relief from the automatic stay with respect to the ObligorsBorrower, and Lender the Lenders shall be permitted to proceed to protect and enforce its rights and remedies under state law. The Obligors Borrower hereby expressly assent assents to any motion filed by the Lender Lenders seeking relief from the automatic stay. The Obligors Borrower further hereby expressly WAIVE WAIVES the protections afforded under Xxxxxxx 000 xx xxx Xxxxxx Xxxxxx Bankruptcy Code with respect to the LenderLenders.