Common use of Parties Including Trustees; Bankruptcy Court Proceedings Clause in Contracts

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan Party, the estate of each Loan Party, and any trustee or successor in interest of any Loan Party in any Chapter 11 Case or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency laws, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and Lenders and their respective assigns, transferees and endorsees. The Liens created by this Agreement, the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case or any other bankruptcy case of any Loan Party to a case under Chapter 7 of the Bankruptcy Code, or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 3 contracts

Samples: Possession Credit Agreement (Aralez Pharmaceuticals Inc.), Credit Agreement (Adeptus Health Inc.), www.sec.gov

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Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan Party, the estate of each Loan Party, and any trustee or successor in interest of any Loan Party in any Chapter 11 Case or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency laws, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and the Lenders and their respective assigns, transferees and endorsees. The Agent’s Liens created by this Agreement, Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case or any other bankruptcy case of any Loan Party to a case under Chapter 7 of the Bankruptcy Code, or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Agent or any of the Lenders file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 2 contracts

Samples: Dip Credit Agreement (Foothills Resources Inc), Dip Credit Agreement (Storm Cat Energy CORP)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens and other rights and privileges created hereby or pursuant hereto to the Security Agreements or to any other Loan Document shall be binding upon each Loan Credit Party, the estate of each Loan Credit Party, and any trustee or successor in interest of any Loan Credit Party in any the Chapter 11 Case Cases or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and Lenders each Lender and each of their respective assigns, transferees and endorsees. The Liens created by this Agreement, the Security Agreements and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case or any other bankruptcy case of any Loan Credit Party to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders Agent file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Credit Agreement (BMC Industries Inc/Mn/)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan Credit Party, the estate of each Loan PartyBorrower, and any trustee or successor in interest of any Loan Party Borrower in any the Chapter 11 Case Cases or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and Lenders and their respective assigns, transferees and endorsees. The Liens created by this Agreement, Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any the Chapter 11 Case Cases or any other bankruptcy case of any Loan Credit Party to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any the Chapter 11 Case Cases or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reasonreason or in the case of the Canadian Credit Parties, if any such party becomes subject to proceedings under any Canadian Insolvency Law, without the necessity that Lenders file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Credit Agreement (Allied Holdings Inc)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Credit Documents, and all Liens created hereby or pursuant hereto or to any other Loan Credit Document shall be binding upon Company and each Loan PartyGuarantor, the estate of Company and each Loan PartyGuarantor, and any trustee or successor in interest of Company or any Loan Party Guarantor in any Chapter 11 Case or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency laws, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Credit Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent Agents and Lenders and their respective assigns, transferees and endorsees. The Liens created by this Agreement, Agreement and the other Loan Credit Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case or any other bankruptcy case of Company or any Loan Party Guarantor to a case under Chapter 7 of the Bankruptcy Code, or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Guaranty Agreement (Dura Automotive Systems Inc)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan PartyBorrower, the estate of each Loan PartyBorrower, and any trustee or successor in interest of any Loan Party each Borrower in any its Chapter 11 Case or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency laws, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent Bank and Lenders and their respective its assigns, transferees and endorsees. The security Liens created by this Agreement, Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case or any other bankruptcy case of any Loan Party Borrower to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the property of any Borrower or jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders Bank file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Possession Loan Agreement (Fruehauf Trailer Corp)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan Party, the estate of each Loan PartyBorrower, and any trustee or successor in interest of any Loan Party Borrower in any the Chapter 11 Case Cases or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent Agents and the Lenders and their respective assigns, transferees and endorsees. The Liens created by this Agreement, Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any the Chapter 11 Case Cases or any other bankruptcy case of any Loan Party to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any the Chapter 11 Case Cases or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Pliant Corp

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan Credit Party, the estate of each Loan Credit Party, and any trustee or successor in interest of any Loan Credit Party in any the Chapter 11 Case or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent Agents and Lenders and their respective assigns, transferees and endorsees. The Liens created by this Agreement, Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any the Chapter 11 Case or any other bankruptcy case of any Loan Credit Party to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any the Chapter 11 Case case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: In Possession Credit Agreement (Filenes Basement Corp)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto to the Security Agreement or to any other Loan Document shall be binding upon each Loan Credit Party, the estate of each Loan Credit Party, and any trustee or successor in interest of any Loan Credit Party in any Chapter 11 Case or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent Lender and Lenders and their respective its assigns, transferees and endorsees. The Liens created by this Agreement, the Security Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case or any other bankruptcy case of any Loan Credit Party to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders Lender file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Possession Credit Agreement (WTD Industries Inc)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan PartyBorrower, the estate of each Loan PartyBorrower, and any trustee or successor in interest of any Loan Party Borrower in any Chapter 11 Case or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency laws, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and the Lenders and their respective assigns, transferees and endorsees. The Agent's Liens created by this Agreement, Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case or any other bankruptcy case of any Loan Party Borrower to a case under Chapter 7 of the Bankruptcy Code, or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Agent or any of the Lenders file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Possession Credit Agreement (TXCO Resources Inc)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens and other rights and privileges created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan PartyBorrower, the estate of each Loan PartyBorrower, and any trustee trustee, other estate representative or any successor in interest of any Loan Party Borrower in any the Chapter 11 Case or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and Lenders Lender and their respective assigns, transferees and endorsees. The Liens created by this Agreement, Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any the Chapter 11 Case or any other bankruptcy case of any Loan Party Borrower to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any the Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders Lender file financing statements or otherwise perfect its security interests or Liens under applicable lawApplicable Law.

Appears in 1 contract

Samples: Credit and Security Agreement (Apex Silver Mines LTD)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Credit Documents, and all Liens created hereby or pursuant hereto to this Agreement, the Security Agreement, the Pledge Agreement or to any other Loan Credit Document shall be binding upon each Loan PartyObligor (other than the Foreign Subsidiary Guarantors), the estate of each Loan Partysuch Obligor, and any trustee or successor in interest of any Loan Party such Obligor in any Chapter 11 Case the Cases or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Credit Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and Lenders each Lender and each of their respective assigns, transferees and endorsees. The Liens created by this Agreement, the other Loan Documents Security Agreement, the Pledge Agreement and the Bankruptcy Court Orders other Credit Documents shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case the Cases or any other bankruptcy case of any Loan Party such Obligor to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders the Administrative Agent file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Budget Group Inc)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan Credit Party, the estate of each Loan PartyBorrower, and any trustee or successor in successor-in-interest of any Loan Party Borrower in any the Chapter 11 Case or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and Lenders and their respective assigns, transferees and endorsees. The Liens created by this Agreement, Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any the Chapter 11 Case or any other bankruptcy case of any Loan Credit Party to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any the Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Assignment Agreement (Morton Industrial Group Inc)

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Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Related Documents, and all Transfers made and Liens created hereby or pursuant hereto or to any other Loan Related Document shall be binding upon each Loan PartyOriginator, the estate of each Loan PartyOriginator, and any trustee or successor in interest of any Loan Party Originator in any of the Chapter 11 Case Cases or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Related Documents shall be binding upon, and inure to the benefit of, the respective successors and assigns of the Administrative Operating Agent and Lenders the Purchaser and each of their respective assigns, transferees and endorsees. The Each of the Transfers made and the Liens created by this Agreement, Agreement and the other Loan Related Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the commencement of the Chapter 11 Cases, the substantive consolidation of the Chapter 11 Cases or conversion of any or all of the Chapter 11 Case Cases or any other bankruptcy case of any Loan Party Originator to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any or all of the Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reasonCases , in each case without the necessity that Lenders the Operating Agent or the Purchaser file financing statements or otherwise perfect its their respective ownership interests, security interests or Liens under applicable law.

Appears in 1 contract

Samples: Cone Mills Corp

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto or to any other Loan Document Document, shall be binding upon each Loan PartyBorrower, the estate Estate of each Loan PartyBorrower, and any trustee or successor in interest of any Loan Party Borrower in any the Chapter 11 Case Cases or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent Agents and the Lenders and their respective assigns, transferees and endorsees. The Liens created by this Agreement, Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case or any other bankruptcy case of any Loan Party to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any the Chapter 11 Case Cases or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that the Lenders file financing statements or otherwise perfect its their security interests or Liens under applicable law.

Appears in 1 contract

Samples: Loan and Security Agreement (Silicon Graphics Inc)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto or to any other Loan Document shall be binding upon each Loan Credit Party, the estate of each Loan PartyBorrower, the estate of any Credit Party filing a Chapter 11 Case, and any trustee or successor in interest of Borrower or any Loan other Credit Party in any a Chapter 11 Case or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the permitted successors of the Administrative Agent and Lenders and their respective permitted assigns, transferees and endorsees. The Liens created by this Agreement, the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case or any other bankruptcy case of any Loan Credit Party to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Credit Agreement (Applied Extrusion Technologies Inc /De)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto to the Security Agreement or to any other Loan Document shall be binding upon each Loan Credit Party, the estate of each Loan Credit Party, and any trustee or successor in interest of any Loan Credit Party in any Chapter 11 Case the Cases or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and Lenders each Lender and each of their respective assigns, transferees and endorsees. The Liens created by this Agreement, the Security Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case the Cases or any other bankruptcy case of any Loan Credit Party to a case under Chapter chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders Agent file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Credit Agreement (Budget Group Inc)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens created hereby or pursuant hereto or to any other Loan Document shall be binding upon Borrower each Loan PartyGuarantor, the estate of Borrower and each Loan PartyGuarantor, and any trustee or successor in interest of any Loan Party Borrower and each Guarantor in any the Chapter 11 Case Cases or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent Lender and Lenders and their respective assigns, its transferees and endorsees. The Liens created by this Agreement, Agreement and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any the Chapter 11 Case Cases or any other bankruptcy case of any Loan Party Borrower to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any the Chapter 11 Case Cases or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders Lender file financing statements or otherwise perfect its security interests or Liens under applicable lawApplicable Law.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Torrent Energy Corp)

Parties Including Trustees; Bankruptcy Court Proceedings. This Agreement, the other Loan Documents, and all Liens and other rights and privileges created hereby or pursuant hereto to the Security Agreement, the Pledge Agreements or to any other Loan Document shall be binding upon each Loan Credit Party, the estate of each Loan Credit Party, and any trustee or successor in interest of any Loan Credit Party in any the Chapter 11 Case Cases or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and Lenders each Lender and each of their respective assigns, transferees and endorsees. The Liens created by this Agreement, the Security Agreement, the Pledge Agreements and the other Loan Documents and the Bankruptcy Court Orders shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case or any other bankruptcy case of any Loan Credit Party to a case under Chapter chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders Agent file financing statements or otherwise perfect its security interests or Liens under applicable law.

Appears in 1 contract

Samples: Credit Agreement (Ames Department Stores Inc)

Parties Including Trustees; Bankruptcy Court Proceedings. This Credit Agreement, the other Loan Credit Documents, and all Liens and other rights and privileges created hereby or pursuant hereto to the Security Agreements or to any other Loan Document shall be binding upon each Loan Credit Party, the estate of each Loan Credit Party, and any trustee or successor in interest of any Loan Credit Party in any the Chapter 11 Case Cases or any subsequent case commenced under Chapter 7 of the Bankruptcy Code or any other bankruptcy or insolvency lawsCode, and shall not be subject to Section 365 of the Bankruptcy Code. This Credit Agreement and the other Loan Credit Documents shall be binding upon, and inure to the benefit of, the successors of the Administrative Agent and Lenders each Lender and each of their respective assigns, transferees and endorsees. The Liens created by this Credit Agreement, the other Loan Documents Security Agreements and the Bankruptcy Court Orders other Credit Documents shall be and remain valid and perfected in the event of the substantive consolidation or conversion of any Chapter 11 Case or any other bankruptcy case of any Loan Credit Party to a case under Chapter 7 of the Bankruptcy Code, Code or in the event of dismissal of any Chapter 11 Case or the release of any Collateral from the jurisdiction of the Bankruptcy Court for any reason, without the necessity that Lenders Agent file financing statements or otherwise perfect its security interests or Liens under applicable law; provided, however, that additional filings may be required in the United States Copyright Office and/or United States Patent and Trademark Office to perfect the Collateral Agent’s Lien on any Intellectual Property acquired after the date hereof.

Appears in 1 contract

Samples: Credit Agreement (Wellman Inc)

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