Common use of Relief from Automatic Stay Clause in Contracts

Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section 362 of the Bankruptcy Code to the holder or holders of any security interest to (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of any of the Debtors which have a value in excess of $10,000,000 in the aggregate or (ii) permit other actions that would have a Material Adverse Effect on the Debtors or their estates (taken as a whole); or

Appears in 10 contracts

Samples: Intercreditor Agreement (Eastman Kodak Co), Security Agreement (Eastman Kodak Co), Security Agreement (Eastman Kodak Co)

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Relief from Automatic Stay. The the Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section 362 of the Bankruptcy Code to the holder or holders of any security interest to (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of any of the Debtors which Loan Parties that have a fair market value in excess of $10,000,000 1,000,000 individually or $2,500,000 in the aggregate or (ii) permit other actions that would have a Material Adverse Effect on the Debtors or their estates (taken as a whole)aggregate; or

Appears in 4 contracts

Samples: Restructuring Support Agreement (Accuride Corp), Possession Credit Agreement (Accuride Corp), Convertible Notes Commitment Agreement (Accuride Corp)

Relief from Automatic Stay. The Other than the Orders, the Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section section 362 of the Bankruptcy Code to the holder or holders holder(s) of any security interest to (i) permit foreclosure (or the granting Liens other than Liens in favor of a deed Lender in lieu of foreclosure any assets or the like) on any assets of any of the Debtors which have a Credit Parties or any of their respective Subsidiaries having an aggregate value in excess of $10,000,000 in the aggregate or 250,000 for all such relief under this clause (ii) permit other actions that would have a Material Adverse Effect on the Debtors or their estates (taken as a wholeq); or

Appears in 2 contracts

Samples: Credit Agreement (GSE Holding, Inc.), Dip Credit Agreement

Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section 362 of the Bankruptcy Code to the holder or holders of any security interest to (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of the Borrower or any of the Debtors which have a value in excess of $10,000,000 in the aggregate or (ii) permit other actions that would have a Material Adverse Effect on the Debtors or their estates (taken as a whole)Guarantors; or

Appears in 2 contracts

Samples: Credit and Security Agreement, Credit and Security Agreement (Ata Holdings Corp)

Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section 362 of the Bankruptcy Code to the holder or holders of any security interest to (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of any of the Debtors which have a value in excess of $10,000,000 15,000,000 in the aggregate or (ii) permit other actions that would have a Material Adverse Effect material adverse effect on the Debtors or their estates (taken as a whole); or

Appears in 2 contracts

Samples: Possession Credit Agreement (Millennium Chemicals Inc), Possession Credit Agreement (Equistar Chemicals Lp)

Relief from Automatic Stay. The the Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section section 362 of the Bankruptcy Code to the holder or holders of any security interest to (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of any of the Debtors Borrower which have a value in excess of $10,000,000 250,000 in the aggregate or (ii) permit other actions that would have a Material Adverse Effect on the Debtors or their estates (taken as a whole); oraggregate;

Appears in 1 contract

Samples: Possession Term Loan and Security Agreement (Trailer Bridge Inc)

Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section 362 of the Bankruptcy Code to the holder or holders of any security interest to (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of any of the Debtors which have a value in excess of $10,000,000 in Borrower or the aggregate Guarantors (other than Section 1110 Assets or (ii) permit other actions that would have a Material Adverse Effect on the Debtors or their estates (taken as a wholeExcluded Assets); or

Appears in 1 contract

Samples: Credit and Security Agreement (Ata Holdings Corp)

Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section 362 of the Bankruptcy Code pertaining to the Collateral to the holder or holders of any security interest to (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of any of the Debtors which have a value in excess of $10,000,000 in the aggregate or (ii) permit other actions that would could reasonably be expected to have a Material Adverse Effect on the Debtors or their estates (taken as a whole)Effect; or

Appears in 1 contract

Samples: cases.primeclerk.com

Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section section 362 of the Bankruptcy Code to the holder or holders of any security interest to to: (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets material asset of any of the Debtors which have a value in excess of $10,000,000 in the aggregate Debtors, or (ii) permit other actions that would have a Material Adverse Effect on the Debtors or their estates (taken as a whole); orestates.

Appears in 1 contract

Samples: Possession Credit Agreement (Champion Enterprises Inc)

Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section 362 of the Bankruptcy Code to the holder or holders of any security interest to (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of any of the Debtors which Borrower or the Guarantors (other than Section 1110 Assets or Excluded Assets) that have a value in excess of $10,000,000 30,000,000 in the aggregate or (ii) permit other actions that would have a Material Adverse Effect on the Debtors or their estates (taken as a whole)aggregate; or

Appears in 1 contract

Samples: Possession Credit Agreement (Us Airways Group Inc)

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Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section 362 of the Bankruptcy Code to the holder any creditor or holders of any security party in interest to (i) to permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of any of the Debtors Credit Parties which have a an aggregate value in excess of $10,000,000 in the aggregate 2,500,000 or (ii) to permit other actions that would have a Material Adverse Effect material adverse affect on the Debtors Credit Parties or their estates (taken as a whole)the Chapter 11 estates; or

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Movie Gallery Inc)

Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section section 362 of the Bankruptcy Code to the holder or holders of any security interest to (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of any of the Debtors Credit Party which have a value in excess of $10,000,000 in the aggregate or (ii) permit other actions that would have a Material Adverse Effect on the Debtors or their estates (taken as a whole)1,000,000; or

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Xerium Technologies Inc)

Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section 362 of the Bankruptcy Code to the holder or holders of any security interest to (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of any of the Debtors which have a value in excess of $10,000,000 in the aggregate or (ii) permit other actions that would have a Material Adverse Effect on the Debtors or their estates (taken as a whole); ormaterial Purchased Asset;

Appears in 1 contract

Samples: Petition Loan and Security Agreement (Dextera Surgical Inc)

Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from the automatic stay applicable under Section 362 of the Bankruptcy Code to the holder or holders of any security interest to (i) permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of Borrower or any of the Debtors Debtor Guarantors which have a value in excess of $10,000,000 5,000,000 in the aggregate or (ii) permit other actions that would have a Material Adverse Effect on the Debtors or their estates (taken as a whole)aggregate; or

Appears in 1 contract

Samples: Possession Credit Agreement (Wci Communities Inc)

Relief from Automatic Stay. The Bankruptcy Court shall enter an order or orders granting relief from or modifying the automatic stay applicable under Section 362 of the Bankruptcy Code (A) to allow any creditor (other than the holder Administrative Agent) to execute upon or holders of any security interest to (i) permit foreclosure (or the granting of enforce a deed in lieu of foreclosure or the like) Lien on any assets of any of the Debtors which have a value in excess of $10,000,000 in the aggregate Collateral or (iiB) to permit other any actions that would could reasonably be expected to have a Material Adverse Effect on the Debtors or their estates (taken as a whole)Effect; or

Appears in 1 contract

Samples: Credit Agreement

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