Common use of Bankruptcy Relief Clause in Contracts

Bankruptcy Relief. Agent is and shall be entitled to relief from the automatic stay pursuant to 11 U. S.C. ss. 362(d) to pursue all of its rights and remedies under the Credit Agreement, Lender Agreements and this Agreement and relevant state law. Borrower shall consent to and shall not oppose relief from the automatic stay without condition to permit Agent to pursue all of its rights and remedies under the Credit Agreement, Lender Agreements and this Agreement and relevant state law.

Appears in 2 contracts

Samples: Forbearance Agreement (American Skiing Co /Me), Forbearance Agreement (Asc East Inc)

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Bankruptcy Relief. Agent is and shall be entitled to relief from the automatic stay pursuant to 11 U. S.C. ssU.S.C. Sec. 362(d) to pursue all of its rights and remedies under the Credit Agreement, Lender Agreements and this Agreement and relevant state law. Borrower shall consent to and shall not no oppose relief from the automatic stay without condition to permit Agent to pursue all of its rights and remedies under the Credit Agreement, Lender Agreements and this Agreement and relevant state law.

Appears in 1 contract

Samples: Forbearance Agreement (American Skiing Co /Me)

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Bankruptcy Relief. Agent is and shall be entitled to relief from the automatic stay pursuant to 11 U. S.C. ss. 362(dU.S.C. Section 362 (d) to pursue all of its rights and remedies under this Agreement and the Credit Agreement, Lender Agreements and this Agreement and relevant state law. Borrower shall consent to and shall not oppose relief from the automatic stay without condition conditions to permit Agent to pursue all of its rights and remedies under the Credit Agreement, Lender Agreements and this Agreement and or hereunder or relevant state law.

Appears in 1 contract

Samples: Credit Agreement (American Skiing Co /Me)

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