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 Lender, and the assigns, transferees and endorsees of 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 Lender hereunder valid and enforceable in accordance with the terms hereof, notwithstanding the discharge of any Borrower pursuant to 11 U.S.C. ss 1141, the conversion of the Chapter 11 Case or any other bankruptcy case of any Borrower to a case under Chapter 7 of the Bankruptcy Code or the dismissal of the Chapter 11 Case. Further, 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 Lender file financing statements or otherwise perfect its security interests or Liens under applicable law. This Agreement and the other Loan Documents, the claims of Lender hereunder and thereunder, 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 Borrowers, the estates of Borrowers and any trustee or official committee appointed in the Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowers notwithstanding the discharge of any Borrower pursuant to section 1141 of the Bankruptcy Code, the conversion of the Chapter 11 Cases to a case under Chapter 7 of the Bankruptcy Code or the dismissal of any of the Chapter 11 Cases. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Fruehauf Trailer Corp)

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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 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 Lender 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. ss 1141(S)1141, the conversion of the any Chapter 11 Case or any other bankruptcy case of any Borrower Credit Party to a case under Chapter 7 of the Bankruptcy Code or Code, the dismissal of the any Chapter 11 CaseCase or any subsequent Chapter 7 case or the release of any Collateral from the property of any Credit Party. Further, the 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 Lender any Agent file financing statements or otherwise perfect its security interests or Liens under applicable law. This Agreement and the other Loan DocumentsAgreement, the claims of Lender hereunder the Agents and thereunderthe 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 BorrowersCredit Parties, the estates of Borrowers Credit Parties and any trustee or official committee appointed in the any Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowers notwithstanding the discharge of any Borrower pursuant to section 1141 of the Bankruptcy Code, the conversion of the Chapter 11 Cases to a case under Chapter 7 of the Bankruptcy Code or the dismissal of any of the Chapter 11 CasesBorrower. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Crown Vantage Inc)

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 Administrative Agent and each Lender, and the assigns, transferees and endorsees of Administrative Agent and each Lender. The security interests and Liens Xxxxx created in this Agreement, the Collateral Documents and the other Loan Documents shall be and remain valid and perfected, and the claims of Lender Administrative 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. ss § 1141, the conversion of the Chapter 11 Case or any other bankruptcy case of any Borrower to a case under Chapter 7 of the Bankruptcy Code or Code, the dismissal of the Chapter 11 CaseCase or any subsequent Chapter 7 case or the release of any Collateral from the property of Borrower. Further, the 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 Lender Administrative Agent file financing statements or otherwise perfect its security interests or Liens under applicable law. This Agreement and the other Loan DocumentsAgreement, the claims of Lender hereunder Administrative Agent and thereunderXxxxxxx hereunder, and all security interests or Liens Xxxxx 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 BorrowersBorrower, the estates estate of Borrowers Borrower and any trustee or official committee appointed in the Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowers notwithstanding the discharge of any Borrower pursuant to section 1141 of the Bankruptcy Code, the conversion of the Chapter 11 Cases to a case under Chapter 7 of the Bankruptcy Code or the dismissal of any of the Chapter 11 CasesBorrower. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Dip Credit Agreement

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 Lender 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. ss (S) 1141, the conversion of the any Chapter 11 Case or any other bankruptcy case of any Borrower Credit Party to a case under Chapter 7 of the Bankruptcy Code or Code, the dismissal of the any Chapter 11 CaseCase or any subsequent Chapter 7 case or the release of any Collateral from the property of any Credit Party. Further, the 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 Lender Agent file financing statements or otherwise perfect its security interests or Liens under applicable law. This Agreement and the other Loan DocumentsAgreement, the claims of Lender hereunder Agent and thereunderLenders 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 BorrowersCredit Parties, the estates of Borrowers Credit Parties and any trustee or official committee appointed in the any Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowers notwithstanding the discharge of any Borrower pursuant to section 1141 of the Bankruptcy Code, the conversion of the Chapter 11 Cases to a case under Chapter 7 of the Bankruptcy Code or the dismissal of any of the Chapter 11 CasesBorrowers. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Debt Agreement (Vencor Inc)

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 Lender 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. ss Section 1141, the conversion of the any Chapter 11 Case or any other bankruptcy case of any Borrower Loan Party to a case under Chapter 7 of the Bankruptcy Code or Code, the dismissal of the any Chapter 11 CaseCase or any subsequent Chapter 7 case or the release of any Collateral from the property of any Loan Party. Further, the 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 Lender Agent file financing statements or otherwise perfect its security interests or Liens under applicable law. This Agreement and the other Loan DocumentsAgreement, the claims of Lender hereunder Agent and thereunderLenders 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 BorrowersLoan Parties, the estates of Borrowers Loan Parties and any trustee or official committee appointed in the any Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowers notwithstanding the discharge of any Borrower pursuant to section 1141 of the Bankruptcy Code, the conversion of the Chapter 11 Cases to a case under Chapter 7 of the Bankruptcy Code or the dismissal of any of the Chapter 11 CasesBorrowers. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Goss Graphic Systems 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 the Lender, and the assigns, transferees and endorsees of the 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 the Lender hereunder valid and enforceable in accordance with the terms hereof, notwithstanding the discharge of any Borrower pursuant to 11 U.S.C. ss § 1141, the conversion of the Chapter 11 Case or any other bankruptcy case of any Borrower to a case cases under Chapter 7 of the Bankruptcy Code or Code, the dismissal of the Chapter 11 CaseCase or any subsequent Chapter 7 case or the release of any Collateral from the property of Borrower. Further, the 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 the Lender file financing statements or otherwise perfect its security interests or Liens under applicable law. This Agreement and the other Loan DocumentsAgreement, the claims of the Lender hereunder and thereunderhereunder, 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 BorrowersBorrower, the estates estate of Borrowers Borrower and any trustee or official committee appointed in the Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowers notwithstanding the discharge of any Borrower pursuant to section 1141 of the Bankruptcy Code, the conversion of the Chapter 11 Cases to a case under Chapter 7 of the Bankruptcy Code or the dismissal of any of the Chapter 11 CasesBorrower. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Loan Agreement (Decode Genetics 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 Lender 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. ss (S) 1141, the conversion of the any Chapter 11 Case or any other bankruptcy case of any Borrower Credit Party to a case under Chapter 7 of the Bankruptcy Code or Code, the dismissal of the any Chapter 11 CaseCase or any subsequent Chapter 7 case or the release of any Collateral from the property of any Credit Party. Further, the 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 and the other Loan DocumentsAgreement, the claims of Lender hereunder the Agents and thereunderLenders 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 BorrowersCredit Parties, the estates of Borrowers Credit Parties and any trustee or official committee appointed in the any Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowers notwithstanding the discharge of any Borrower pursuant to section 1141 of the Bankruptcy Code, the conversion of the Chapter 11 Cases to a case under Chapter 7 of the Bankruptcy Code or the dismissal of any of the Chapter 11 CasesBorrowers. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Mariner Post Acute Network Inc)

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 Lender 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. ss article 1141, the conversion of the Chapter 11 Case or any other bankruptcy case of any the Borrower to a case under Chapter 7 of the Bankruptcy Code or Code, the dismissal of the Chapter 11 CaseCase or any subsequent Chapter 7 case or the release of any Collateral from the property of the Borrower. 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 Lender the Agent file financing statements or otherwise perfect its the Lenders' security interests or Liens under applicable law. This Agreement and the other Loan DocumentsAgreement, the claims of Lender hereunder the Agent and thereunderLenders 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 Borrowersthe Borrower, the estates estate of Borrowers the Borrower and any trustee or official committee appointed in the Chapter 11 Case or any Chapter 7 case, or any other successor in interest to Borrowers notwithstanding the discharge of any Borrower pursuant to section 1141 of the Bankruptcy Code, the conversion of the Chapter 11 Cases to a case under Chapter 7 of the Bankruptcy Code or the dismissal of any of the Chapter 11 CasesBorrower. This Agreement shall not be subject to Section 365 of the Bankruptcy Code.

Appears in 1 contract

Samples: Credit Agreement (Smith Corona Corp)

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