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

Parties Including Trustees; Court Proceedings. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of Agent and each Lender, and the assigns, transferees and endorsees of Agent and each Lender. The security interests and Liens created in this Agreement, the Collateral Documents and the other Loan Documents shall be and remain valid and perfected, and the claims of Agent and Lenders hereunder valid and enforceable in accordance with the terms hereof, notwithstanding the discharge of any Borrower pursuant to 11 U.S.C. Section 1141, the 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, the dismissal of any Chapter 11 Case or any subsequent Chapter 7 case or the release of any Collateral from the property of any Loan Party. The security interests and Liens created in this Agreement, the Collateral Documents and the other Loan Documents shall be and remain valid and perfected without the necessity that Agent file financing statements or otherwise perfect its security interests or Liens under applicable law. This Agreement, the claims of Agent and Lenders hereunder, and all security interests or Liens created hereby or pursuant hereto or by or pursuant to the Collateral Documents or any other Loan Document shall at all times be binding upon Loan Parties, the estates of Loan Parties and any trustee appointed in any Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowers. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Credit Agreement (Goss Graphic Systems Inc)

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Parties Including Trustees; Court Proceedings. This Agreement and the other Loan Financing Documents shall be binding upon, and inure to the benefit of, the successors of Agent and each Lender, and the assigns, transferees and endorsees of Agent and each Lender. The security interests and Liens created in this Agreement, the Collateral Documents and the other Loan Financing Documents shall be and remain valid and perfected, and the claims of Agent and Lenders hereunder valid and enforceable in accordance with the terms hereof, notwithstanding the discharge of any Borrower pursuant to 11 U.S.C. Section (S) 1141, the 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, the dismissal of any Chapter 11 Case or any subsequent Chapter 7 case or the release of any Collateral from the property of any Loan Credit Party. The security interests and Liens created in this Agreement, the Collateral Documents and the other Loan Financing Documents shall be and remain valid and perfected without the necessity that Agent file financing statements or otherwise perfect its security interests or Liens under applicable law. This Agreement, the claims of Agent and Lenders hereunder, and all security interests or Liens created hereby or pursuant hereto or by or pursuant to the Collateral Documents or any other Loan Financing Document shall at all times be binding upon Loan Credit Parties, the estates of Loan Credit Parties and any trustee appointed in any Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowers. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Agreement (Vencor Inc)

Parties Including Trustees; Court Proceedings. This --------------------------------------------- Agreement and the other Loan Financing Documents shall be binding upon, and inure to the benefit of, the successors of each Agent and each Lender, and the assigns, transferees and endorsees of each Agent and each Lender. The security interests and Liens created in this Agreement, the Collateral Documents and the other Loan Financing Documents shall be and remain valid and perfected, and the claims of Agent the Agents and Lenders hereunder valid and enforceable in accordance with the terms hereof, notwithstanding the discharge of any Borrower pursuant to 11 U.S.C. Section (S) 1141, the 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, the dismissal of any Chapter 11 Case or any subsequent Chapter 7 case or the release of any Collateral from the property of any Loan Credit Party. The security interests and Liens created in this Agreement, the Collateral Documents and the other Loan Financing Documents shall be and remain valid and perfected without the necessity that any Agent or any Lender file financing statements or otherwise perfect its security interests or Liens under applicable law. This Agreement, the claims of Agent the Agents and Lenders hereunder, and all security interests or Liens created hereby or pursuant hereto or by or pursuant to the Collateral Documents or any other Loan Financing Document shall at all times be binding upon Loan Credit Parties, the estates of Loan Credit Parties and any trustee appointed in any Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowers. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Mariner Post Acute Network Inc

Parties Including Trustees; Court Proceedings. This Agreement and the other Loan Financing Documents shall be binding upon, and inure to the benefit of, the successors of each Agent and each Lender, and the assigns, transferees and endorsees of each Agent and each Lender. The security interests and Liens created in this Agreement, the Collateral Documents and the other Loan Financing Documents shall be and remain valid and perfected, and the claims of Agent the Agents and the Lenders hereunder valid and enforceable in accordance with the terms hereof, notwithstanding the discharge of any the Borrower pursuant to 11 U.S.C. Section 1141(S)1141, the 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, the dismissal of any Chapter 11 Case or any subsequent Chapter 7 case or the release of any Collateral from the property of any Loan Credit Party. The security interests and Liens created in this Agreement, the Collateral Documents and the other Loan Financing Documents shall be and remain valid and perfected without the necessity that any Agent file financing statements or otherwise perfect its security interests or Liens under applicable law. This Agreement, the claims of Agent the Agents and the Lenders hereunder, and all security interests or Liens created hereby or pursuant hereto or by or pursuant to the Collateral Documents or any other Loan Financing Document shall at all times be binding upon Loan Credit Parties, the estates of Loan Credit Parties and any trustee appointed in any Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowersthe Borrower. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Crown Vantage Inc

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Parties Including Trustees; Court Proceedings. This Agreement and the other Loan Documents shall be binding upon, and inure to the benefit of, the successors of Agent and each Lender, and the assigns, transferees and endorsees of the Agent and each Lender. The security interests and Liens created in this Agreement, the Collateral Documents Agreement and the other Loan Documents shall be and remain valid and perfected, and the claims of the Agent and Lenders hereunder valid and enforceable in accordance with the terms hereof, notwithstanding the discharge of any the Borrower pursuant to 11 U.S.C. Section article 1141, the conversion of any the Chapter 11 Case or any other bankruptcy case of any Loan Party the Borrower to a case under Chapter 7 of the Bankruptcy Code, the dismissal of any the Chapter 11 Case or any subsequent Chapter 7 case or the release of any Collateral from the property of any Loan Partythe Borrower. The Further, the security interests and Liens created in this Agreement, the Collateral Documents Agreement and the other Loan Documents shall be and remain valid and perfected without the necessity that the Agent file financing statements or otherwise perfect its the Lenders' security interests or Liens under applicable law. This Agreement, the claims of the Agent and Lenders hereunder, and all security interests or Liens created hereby or pursuant hereto or by or pursuant to the Collateral Documents or any other Loan Document shall at all times be binding upon Loan Partiesthe Borrower, the estates estate of Loan Parties the Borrower and any trustee appointed in any the Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowersthe Borrower. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Security Agreement (Smith Corona Corp)

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