Common use of Relief from Automatic Stay Clause in Contracts

Relief from Automatic Stay. With respect to the Shared Collateral, until the Discharge of the Priority Payment Lien Obligations, each Pari Passu Secured Party (whether directly or through its applicable Agent) agrees not to seek relief from the automatic stay or any other stay in an Insolvency Proceeding or take any action in derogation thereof, without the prior written consent of the Revolving Collateral Agent.

Appears in 3 contracts

Samples: Passu Intercreditor Agreement (Lee Enterprises, Inc), Junior Intercreditor Agreement (Lee Enterprises, Inc), Passu Intercreditor Agreement (Lee Enterprises, Inc)

AutoNDA by SimpleDocs

Relief from Automatic Stay. With respect to the Shared Collateral, until the Discharge of the Priority Payment Lien Revolving Credit Obligations, each Other Pari Passu Secured Party other than any Revolving Secured Party (whether directly or through its applicable Agent) agrees not to seek relief from the automatic stay or any other stay in an Insolvency Proceeding or take any action in derogation thereof, without the prior written consent of the Revolving Collateral Agent.

Appears in 1 contract

Samples: Passu Intercreditor Agreement (ESH Hospitality, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.