Common use of Effectiveness in Insolvency or Liquidation Proceedings Clause in Contracts

Effectiveness in Insolvency or Liquidation Proceedings. This Agreement shall be effective both before and after the commencement of an Insolvency or Liquidation Proceeding.

Appears in 6 contracts

Samples: Intercreditor Agreement (WESTMORELAND COAL Co), Intercreditor Agreement (WESTMORELAND COAL Co), Intercreditor Agreement (American Apparel, Inc)

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Effectiveness in Insolvency or Liquidation Proceedings. This Agreement shall be effective both before and after the commencement of an Insolvency or Liquidation Proceeding. All references in this Agreement to any Obligor shall include such Obligor as a debtor-in-possession and any receiver or trustee for such Obligor in any Insolvency or Liquidation Proceeding.

Appears in 4 contracts

Samples: Intercreditor Agreement (Forest Oil Corp), Intercreditor Agreement (Starboard Resources, Inc.), Intercreditor Agreement (Aurora Oil & Gas CORP)

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