Common use of No Violation of Automatic Stay Clause in Contracts

No Violation of Automatic Stay. The automatic stay applicable under section 362 of the Bankruptcy Code shall not prohibit a Party from taking any action necessary to effectuate the termination of this Agreement pursuant to and in accordance with the terms hereof.

Appears in 5 contracts

Samples: Plan Support Agreement, Restructuring Support Agreement (Verso Paper Holdings LLC), Plan Support Agreement (Energy Future Intermediate Holding CO LLC)

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No Violation of Automatic Stay. The automatic stay applicable under section 362 of the Bankruptcy Code shall not prohibit a Restructuring Support Party from taking any action necessary to effectuate the termination of this Agreement pursuant to and in accordance with the terms hereof.

Appears in 1 contract

Samples: Restructuring Support and Lock Up Agreement (Energy Future Holdings Corp /TX/)

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