Common use of Effectiveness in Insolvency Proceedings Clause in Contracts

Effectiveness in Insolvency Proceedings. This Agreement, which the parties hereto expressly acknowledge is a “subordination agreement” under section 510(a) of the Bankruptcy Code, shall be effective before, during and after the commencement of Insolvency Proceeding. All references in this Agreement to any Credit Party shall include such Credit Party as a debtor-in-possession and any receiver or trustee for such Credit Party in any Insolvency Proceeding. Intercreditor Agreement

Appears in 2 contracts

Samples: Intercreditor Agreement (Quest Energy Partners, L.P.), Intercreditor Agreement (Quest Resource Corp)

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Effectiveness in Insolvency Proceedings. This Agreement, which the parties hereto expressly acknowledge is a “subordination agreement” under section Section 510(a) of the Bankruptcy Code, shall be effective before, during and after the commencement of an Insolvency Proceeding. All references in this Agreement to any Credit Loan Party shall include such Credit Loan Party as a debtor-in-possession and any receiver or trustee for such Credit Loan Party in any Insolvency Proceeding. Intercreditor Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Moneygram International Inc), Intercreditor Agreement (Moneygram International Inc)

Effectiveness in Insolvency Proceedings. This Agreement, which the parties hereto expressly acknowledge is a “subordination agreement” under section 510(a) of the Bankruptcy Code, shall be effective before, during and after the commencement of an Insolvency Proceeding. All references in this Agreement to any Credit Loan Party shall include such Credit Loan Party as a debtor-in-possession and any receiver or trustee for such Credit Loan Party in any Insolvency Proceeding. Intercreditor Agreement.

Appears in 2 contracts

Samples: Note Purchase Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Effectiveness in Insolvency Proceedings. This Agreement, which the parties hereto expressly acknowledge is a “subordination agreement” under section Section 510(a) of the Bankruptcy Code, has been entered into for good and valid consideration, and shall be effective before, during and after the commencement of an Insolvency Proceeding. All references in this Agreement to any Credit Party shall include such Credit Party as a debtor-in-possession and any receiver or trustee for such Credit Party in any Insolvency Proceeding. Intercreditor Agreement.

Appears in 2 contracts

Samples: Amended and Restated Intercreditor Agreement (RHI Entertainment, Inc.), Intercreditor Agreement (RHI Entertainment, Inc.)

Effectiveness in Insolvency Proceedings. This Agreement, which the parties hereto expressly acknowledge is a "subordination agreement" under section 510(a) of the Bankruptcy Code, shall be effective before, during both before and after the commencement of an Insolvency Proceeding. All references in this Agreement to any Credit Obligor Party shall include such Credit Obligor Party as a debtor-in-possession and any receiver or trustee for such Credit Obligor Party in any Insolvency Proceeding. Intercreditor AgreementARTICLE 6

Appears in 1 contract

Samples: Intercreditor Agreement (Foster Wheeler Inc)

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Effectiveness in Insolvency Proceedings. This Agreement, which the parties hereto expressly acknowledge is a “subordination agreement” under section 510(a) of the Bankruptcy Code, shall be effective before, during before and after the commencement of an Insolvency Proceeding. All references in this Agreement to any Credit Party shall include such Credit Party as a debtor-in-possession and any receiver or trustee for such Credit Party in any Insolvency Proceeding. Intercreditor Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (Tousa Inc)

Effectiveness in Insolvency Proceedings. This Agreement, which the parties hereto expressly acknowledge is a “subordination agreement” under section 510(a) of the Bankruptcy Code, shall be effective before, during both before and after the commencement of an Insolvency Proceeding. All references in this Agreement to any Credit Obligor Party shall include such Credit Obligor Party as a debtor-in-possession and any receiver or trustee for such Credit Obligor Party in any Insolvency Proceeding. Intercreditor Agreement.

Appears in 1 contract

Samples: Intercreditor Agreement (Foster Wheeler Inc)

Effectiveness in Insolvency Proceedings. This Agreement, which the parties hereto expressly The Parties acknowledge that this Agreement is a “subordination agreement” under section Section 510(a) of the Bankruptcy Code, shall which will be effective before, during during, and after the commencement of an Insolvency Proceeding. All references in this Agreement to any Credit Loan Party shall will include such Credit Party Person as a debtor-in-possession and any receiver or trustee for such Credit Party Person in any an Insolvency Proceeding. Intercreditor Agreement.

Appears in 1 contract

Samples: Credit Agreement (Fairpoint Communications Inc)

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