Bankruptcy Issues. (a) Except as provided in this Section 10, this Agreement shall continue in full force and effect after the commencement of a Bankruptcy Case (all references herein to Obligors being deemed to apply to Obligors as debtor-in-possession and to a trustee for Obligors' estate in a Bankruptcy Case), and shall apply with full force and effect with respect to all Collateral acquired by such Obligors, and to all Secured Creditors' Indebtedness incurred by Obligors, subsequent to such commencement.
Appears in 4 contracts
Samples: Intercreditor and Subordination Agreement (AFG Enterprises USA, Inc.), Intercreditor and Subordination Agreement (Abraxas Petroleum Corp), Intercreditor and Subordination Agreement (Spatialight Inc)
Bankruptcy Issues. (a) Except as provided in this Section 10SECTION 9, this Agreement shall continue in full force and effect after the commencement of a Bankruptcy Case (all references herein to Obligors Debtor being deemed to apply to Obligors Debtor as debtor-in-possession and to a trustee for Obligors' Debtor's estate in a Bankruptcy Case), and shall apply with full force and effect with respect to all Collateral acquired by such ObligorsDebtor, and to all Secured Creditors' Indebtedness incurred by ObligorsDebtor, subsequent to such commencement.
Appears in 1 contract
Samples: Intercreditor and Subordination Agreement (Incomnet Inc)
Bankruptcy Issues. (a) Except as provided in this Section 10, this Agreement shall continue in full force and effect after the commencement of a Bankruptcy Case (all references herein to Obligors Obligor being deemed to apply to Obligors Obligor as debtor-in-possession and to a trustee for ObligorsObligor' estate in a Bankruptcy Case), and shall apply with full force and effect with respect to all Collateral acquired by such ObligorsObligor, and to all Secured Creditors' Indebtedness incurred by ObligorsObligor, subsequent to such commencement.
Appears in 1 contract
Samples: Intercreditor and Subordination Agreement (Firepond, Inc.)
