Modification of Automatic Stay. The automatic stay imposed by section 362(a) of the Bankruptcy Code is hereby modified as necessary to permit: (a) the Debtors to grant the DIP Liens and the Superpriority DIP Claims, and to perform such acts as the DIP Agents or the Majority Senior DIP Lenders or Majority Junior DIP Lenders may request to assure the perfection and priority of the DIP Liens; (b) the Debtors to take all appropriate action to grant the Adequate Protection Liens and the Adequate Protection Claims set forth herein, and to take all appropriate action to ensure that the Adequate Protection Liens granted hereunder are perfected and maintain the priority set forth herein; (c) the Debtors to incur all liabilities and obligations, including all the DIP Obligations, to the DIP Secured Parties and the Prepetition Secured Parties as contemplated under this Interim Order and/or the DIP Loan Documents; (d) the Debtors to pay all amounts referred to, required under, in accordance with, and subject to the DIP Loan Documents and this Interim Order; (e) the DIP Secured Parties and the Prepetition Secured Parties to retain and apply payments made in accordance with the DIP Loan Documents and/or this Interim Order; (f) subject to paragraph 22 hereof, the DIP Agents and the DIP Lenders to exercise, upon the occurrence and during the continuance of an Event of Default (as defined in the Senior DIP Credit Agreement) (a “Senior DIP Event of Default”) or an Event of Default (as defined in the Junior DIP Credit Agreement) (a “Junior DIP Event of Default”), subject to the Remedies Notice Period (as defined below), all rights and remedies provided for in the DIP Loan Documents and take any or all actions provided therein; (g) the Debtors to perform under the DIP Loan Documents and any and all other instruments, certificates, agreements and documents which may be required, necessary or prudent for the performance by the applicable Debtors under the DIP Loan Documents and any transactions contemplated therein or in this Interim Order; and (h) the implementation of all of the terms, rights, benefits, privileges, remedies and provisions of this Interim Order and the DIP Loan Documents, in each case, without further notice, motion or application to, or order of, or hearing before, this Court, subject to the terms of this Interim Order.
Modification of Automatic Stay. The automatic stay imposed under Bankruptcy Code section 362 is hereby modified and lifted to the extent necessary to effectuate the terms of this Final Order and the DIP Facility Documents.
Modification of Automatic Stay. The automatic stay under Bankruptcy Code section 362(a) is hereby modified as necessary to effectuate all of the terms and provisions of this Interim Order, including, without limitation, to: (a) permit the Debtors to grant the Adequate Protection Liens and incur the Adequate Protection Superpriority Claims; (b) permit the Debtors to perform such acts as may be needed to assure the perfection and priority of the liens granted herein; (c) permit the Debtors to incur all liabilities and obligations under the terms of this Interim Order; (d) authorize the Debtors to pay, and the respective Prepetition Facility Agents to retain and apply, any payments made in accordance with the terms of this Interim Order; (e) permit the Prepetition Facility Secured Parties, upon occurrence of the Termination Date, to terminate the use of Cash Collateral in accordance with this Interim Order; and (f) permit the Debtors to perform and comply with all obligations under the Deepwater Share Pledge.
Modification of Automatic Stay. The automatic stay imposed under section 362(a)(2) of the Bankruptcy Code is hereby modified as necessary to effectuate all of the terms and provisions of this Interim Order, including, without limitation, to: (a) permit the Debtors to grant the DIP Liens, Adequate Protection Liens, DIP Superpriority Claims, and ABL 507(b) Claims; (b) permit the Debtors to perform such acts as the DIP Agent, the DIP Secured Parties, or the Prepetition ABL Agent each may reasonably request to assure the perfection and priority of the liens granted herein; (c) permit the Debtors to incur all liabilities and obligations to the DIP Agent, the DIP Secured Parties, and the Prepetition ABL Secured Parties under the DIP Documents, the DIP Facility and this Interim Order, as applicable; and (d) authorize the Debtors to pay, and the DIP Agent, the DIP Secured Parties, and the Prepetition ABL Secured Parties to retain and apply, payments made in accordance with the terms of this Interim Order.
Modification of Automatic Stay. The automatic stay pursuant to section 362(a) of the Bankruptcy Code is hereby vacated and modified without further hearing or order as necessary to effectuate all of the terms and provisions of this Interim Order, the DIP Agreement and the DIP Financing, including without limitation to permit the Lender to file financing statements, deeds of trust, mortgages or other similar documents to evidence the DIP Liens and to give the Debtors any notice provided for in the DIP Agreement. As more particularly set forth in decretal paragraph 11 the automatic stay is further modified so that, upon the Maturity Date (as defined in the DIP Agreement), the Lender shall be entitled to exercise all rights and remedies arising under and pursuant to this Interim Order and the DIP Agreement and the Debtors waive and release any right to, and shall be enjoined from attempting to, contest, delay to contest or otherwise challenge or dispute the exercise by the Lender of its rights and remedies, provided that if the Debtors dispute that an Event of Default has occurred, the Debtors shall be entitled to file an emergency motion with the Bankruptcy Court disputing whether an Event of Default has occurred and any such motion shall be heard within five (5) Business Days after it is filed, subject to the availability of the Bankruptcy Court. At the hearing on the emergency motion, the only issue that will be heard by the Bankruptcy Court will be whether an Event of Default has occurred and has not been cured, and, if an Event of Default has occurred and has not been cured, in accordance with decretal paragraph 11, the Lender shall be entitled to continue to exercise all of their rights and remedies without the necessity of any further notice or order.
Modification of Automatic Stay. Within five days of the execution of this Agreement, the Parties will jointly request the Bankruptcy Court to enter an order modifying the automatic stay in the Action, so that the District Court can enter all orders contemplated by this Agreement, including preliminary approval of the settlement, approval of settlement notice to the class, approval of any requested attorneys’ fees, costs, and incentive awards, final approval of the settlement, and final judgment. EXHIBIT 1 CLAIM FORM Page 36 of 41 PO Box [ ] Website: xxx.xxxxxxxxxxxxxx.xxx [ ] To receive benefits from this settlement, you must follow these instructions. 1) Provide your full name, mailing address, and e-mail address (if you have one). 2) Provide either a valid Claim ID (which appears on the notice mailed to you) or the telephone number on which you received the telemarketing call. 3) Provide your signature. If a claim form is submitted online, you must submit an electronic signature. 4) Your claim form must be submitted on or before _, 20 .
Modification of Automatic Stay. The automatic stay provisions of Section 362 of the Bankruptcy Code will be lifted and terminated as to the Lender to the extent necessary to implement the provisions of this Agreement, the Interim Financing Order and the Loan Documents, thereby permitting Lender, inter alia, to file or record any UCC-1 financing statements, mortgages, deeds of trust, security deeds and other instruments and documents evidencing or validating the perfection of the Liens granted to Lender and to enforce such Liens upon default subject to any prior notice provisions of the Financing Orders.
Modification of Automatic Stay. The Debtors are authorized and directed to perform all acts and to make, execute and deliver any and all instruments as may be reasonably necessary to implement the terms and conditions of this Interim Order and the transactions contemplated hereby. All parties to the RSA are also authorized to deliver any notices of termination of the RSA in compliance with the terms thereof. The stay under section 362 of the Bankruptcy Code is hereby modified to permit the Debtors, the Collateral Agent, each of Prepetition Secured Parties, and the Consenting Stakeholders to accomplish the transactions contemplated by this Interim Order.
Modification of Automatic Stay. The automatic stay imposed under Bankruptcy Code section 362(a) is modified to the extent necessary to effectuate all of the terms of this Interim Order, including, without limitation, to: (i) permit the Debtors to grant and allow the Adequate Protection Liens and the Adequate Protection Superpriority Claims; (ii) permit the Debtors to perform such acts as the Prepetition Agent or the Required Lenders, as applicable, may request in their respective reasonable discretions to assure the perfection and priority of the liens granted herein; (iii) permit the Debtors to incur all liabilities and obligations to the Prepetition Secured Parties under this Interim Order; (iv) permit any Revolving Lender to retain and apply the LOC Cash Collateral in its possession to reimburse such Revolving Lender for payments made by that Revolving Lender on account of any Prepetition Letter of Credit; (v) permit the Prepetition Secured Parties to enforce all rights and remedies provided in, and otherwise take all actions necessary to effectuate the terms and provisions of, this Interim Order and the Prepetition Loan Documents; and (vi) subject to the Carve Out, authorize the Debtors to make, and the Prepetition Secured Parties to retain and apply, payments made in accordance with the terms of this Interim Order; provided that, during the Default Notice Period (defined below), the automatic stay under Bankruptcy Code section 362 (to the extent applicable) shall remain in effect.
Modification of Automatic Stay. Subject to paragraphs 23 and 24 hereof, the automatic stay imposed by section 362(a) of the Bankruptcy Code is hereby modified as necessary to permit (a) the DIP Secured Parties and Prepetition Secured Parties to exercise, upon the occurrence and during the continuance of any DIP Termination Event or Cash Collateral Termination Event (each as defined below), that is not waived in writing by the Required DIP Lenders or RBL Majority Lenders (as defined below), as applicable, all rights and remedies provided for in the DIP Loan Documents and this Interim Order and to take any or all actions provided therein and herein and (b) the implementation and exercise of all of the terms, rights, benefits, privileges, remedies and provisions of this Interim Order and the DIP Loan Documents, in each case, without further notice, motion or application to, or order of this Court.
