Order for Relief Sample Clauses

The 'Order for Relief' clause establishes the official commencement of bankruptcy proceedings against a debtor. In practice, this clause marks the point at which a court formally recognizes that a debtor is subject to bankruptcy protection, either automatically upon a voluntary filing or after a court decision in an involuntary case. Its core function is to provide legal certainty about when bankruptcy protections and obligations begin, ensuring all parties are aware of the debtor's new legal status and the automatic stay of creditor actions.
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Order for Relief. An order for relief shall be entered in any federal bankruptcy proceeding in which the Company is the debtor; or if bankruptcy, reorganization, arrangement, insolvency, or liquidation proceedings, or other proceedings for relief under any bankruptcy or similar law or laws for the relief of debtors, are instituted by or against the Company and, if instituted against Company, are consented to or, if contested by the Company, are not dismissed by the adverse parties or by an order, decree or judgment within thirty (30) days after such institution; or
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Order for Relief. An order for relief shall be entered in any federal bankruptcy proceeding in which Obligor is the debtor; or if bankruptcy, reorganization, arrangement, insolvency, or liquidation proceedings, or other proceedings for relief under any bankruptcy or similar law or laws for the relief of debtors, are instituted by or against Obligor and, if instituted against Obligor, are consented to or, if contested by Obligor, are not dismissed by the adverse parties or by an order, decree or judgment within thirty (30) days after such institution. Upon the occurrence of any Event of Default, and at any time thereafter unless and until such Event of Default is waived in writing by Holder, Holder may exercise one or several or all of the following rights and remedies: (i) Holder may at any time thereafter, by written notice to Obligor, declare the unpaid principal balance of the Note, together with the interest accrued thereon and other amounts accrued hereunder, to be immediately due and payable; and the unpaid balance shall thereupon be due and payable, all without presentation, demand, protest or further notice of any kind, all of which are hereby waived, and notwithstanding anything to the contrary contained herein. (ii) Holder may terminate this Agreement with immediate effectiveness and without notice or lapse of time. Notwithstanding such termination, all claims, rights and security interests of Holder and all debts, liabilities, obligations and duties of Obligor shall remain in full force and effect. (iii) Holder may exercise and enforce any and all rights and remedies available upon default to a secured party under the Uniform Commercial Code, including without limitation all rights and remedies under the Pledge Agreement attached hereto and identified as Schedule 17.5.1(d), which has been executed by the Obligor to secure this Note. Without affecting the liability of any maker, endorser or guarantor, the holder may, without notice, renew or extend the time for payment or accept partial payments. Any maker, endorser or guarantor hereby waives presentment, demand, protest or notice of intention to accelerate. Any notice required hereunder shall be sent to the Obligor by certified mail, return receipt requested, to the following address:
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Order for Relief. The entry in bankruptcy of an order for relief for or against any Mortgagor Control Person.
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Order for Relief. The entry in bankruptcy of an order for relief for or against Mortgagor, any General Partner, any Guarantor or any other party directly or indirectly liable for the payment of the Note, whether as maker, endorser, guarantor, surety, general partner or otherwise.
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Order for Relief. The entry in bankruptcy of an order for relief for or against Grantor and the same is not terminated within sixty (60) days.
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Order for Relief. Any order for relief, judgment or decree is entered in any proceeding described in Section 8.01(i) in respect of the Company or any Material Subsidiary.
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Order for Relief. The entry in bankruptcy of an order for relief for or against any Borrower Control Person (other than any member of the REIT Board). 153251886 Loan Agreement (NY Loan) - GTJ Portfolio Refinancing - AIG
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Order for Relief. 30 7.1.9. Voluntary Receiver or Bankruptcy.......................30 7.1.10. Involuntary Receiver or Bankruptcy.....................30 7.1.11. Involuntary Order for Relief...........................30 7.1.12. Unsatisfied Judgment...................................30 7.2. Rights and Duties After Default.................................30 7.2.1. Acceleration...........................................30 7.2.2. Interest Rate After Acceleration.......................31
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Order for Relief. The entry in bankruptcy of an order for relief for or against Mortgagor, any General Partner, any Surety or any other party directly or indirectly liable for the payment of the Note, whether as maker, endorser, guarantor, surety, general partner or otherwise;
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Related to Order for Relief

  • Arbitration and Equitable Relief IN CONSIDERATION OF EMPLOYEE’S EMPLOYMENT WITH THE COMPANY, ITS PROMISE TO ARBITRATE ALL EMPLOYMENT-RELATED DISPUTES, AND EMPLOYEE’S RECEIPT OF THE COMPENSATION, PAY RAISES, AND OTHER BENEFITS PAID TO EMPLOYEE BY THE COMPANY, AT PRESENT AND IN THE FUTURE, EMPLOYEE AGREES THAT ANY AND ALL CONTROVERSIES, CLAIMS, OR DISPUTES WITH ANYONE (INCLUDING THE COMPANY AND ANY EMPLOYEE, OFFICER, DIRECTOR, SHAREHOLDER, OR BENEFIT PLAN OF THE COMPANY, IN THEIR CAPACITY AS SUCH OR OTHERWISE), ARISING OUT OF, RELATING TO, OR RESULTING FROMEMPLOYEE’S EMPLOYMENT WITH THE COMPANY OR THE TERMINATION OF EMPLOYEE’S EMPLOYMENT WITH THE COMPANY, INCLUDING ANY BREACH OF THIS AGREEMENT, SHALL BE SUBJECT TO BINDING ARBITRATION UNDER THE ARBITRATION PROVISIONS SET FORTH IN THE WASHINGTON UNIFORM ARBITRATION ACT (THE “ACT”), AND PURSUANT TO WASHINGTON LAW, AND SHALL BE BROUGHT IN EMPLOYEE’S INDIVIDUAL CAPACITY, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. THE FEDERAL ARBITRATION ACT SHALL CONTINUE TO APPLY WITH FULL FORCE AND EFFECT NOTWITHSTANDING THE APPLICATION OF PROCEDURAL RULES SET FORTH IN THE ACT. DISPUTES THAT EMPLOYEE AGREES TO ARBITRATE, AND THEREBY AGREES TO WAIVE ANY RIGHT TO A TRIAL BY JURY, INCLUDE ANY STATUTORY CLAIMS UNDER LOCAL, STATE, OR FEDERAL LAW, INCLUDING, BUT NOT LIMITED TO, CLAIMS UNDER TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, THE AMERICANS WITH DISABILITIES ACT OF 1990, THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, THE OLDER WORKERS BENEFIT PROTECTION ACT, THE ▇▇▇▇▇▇▇▇-▇▇▇▇▇ ACT, THE WORKER ADJUSTMENT AND RETRAINING NOTIFICATION ACT, THE CALIFORNIA FAIR EMPLOYMENT AND HOUSING ACT, THE FAMILY AND MEDICAL LEAVE ACT, ANY AND ALL CLAIMS UNDER THE REVISED CODE OF WASHINGTON OR ANY OTHER WASHINGTON STATE LABOR LAW, CLAIMS OF HARASSMENT, DISCRIMINATION, AND WRONGFUL TERMINATION, AND ANY STATUTORY OR COMMON LAW CLAIMS. NOTWITHSTANDING THE FOREGOING, EMPLOYEE UNDERSTANDS THAT NOTHING IN THIS AGREEMENT CONSTITUTES A WAIVER OF EMPLOYEE’S RIGHTS UNDER SECTION 7 OF THE NATIONAL LABOR RELATIONS ACT. EMPLOYEE FURTHER UNDERSTAND THAT THIS AGREEMENT TO ARBITRATE ALSO APPLIES TO ANY DISPUTES THAT THE COMPANY MAY HAVE WITH EMPLOYEE.