Common use of Bankruptcy Issues Clause in Contracts

Bankruptcy Issues. (a) This Agreement shall be applicable both before and after the commencement, whether voluntary or involuntary, of any case by or against the Owner under the Bankruptcy Code and all references herein to the Owner shall be deemed to apply to the Owner as a debtor-in-possession and to any trustee in bankruptcy for the estate of the Owner.

Appears in 3 contracts

Samples: Standstill Agreement (Prime Group Realty Trust), Subordination and Standstill Agreement (Prime Group Realty Trust), Subordination and Standstill Agreement (Prime Group Realty Trust)

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Bankruptcy Issues. (a) This Agreement shall be applicable both before and after the commencement, whether voluntary or involuntary, of any case by or against the Owner of any Borrower under the Bankruptcy Code ( a "Bankruptcy Case") and all references herein to the Owner shall be deemed to apply to the Owner any Borrower as a debtor-in-possession and to any trustee in bankruptcy for the estate of the Ownerany Borrower.

Appears in 1 contract

Samples: Receivables Intercreditor Agreement (Foamex Fibers Inc)

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Bankruptcy Issues. (a) This Agreement shall be applicable both before and after the commencement, whether voluntary or involuntary, of any case by or against of either of the Owner Obligors under the Bankruptcy Code (a "Bankruptcy Case") and all references herein to the Owner shall be deemed to apply to the Owner any such Obligor as a debtor-in-in- possession and to any trustee in bankruptcy for the estate of the Ownerany such Obligor.

Appears in 1 contract

Samples: Intercreditor Agreement (Helicon Capital Corp)

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