Common use of Relief in Bankruptcy Clause in Contracts

Relief in Bankruptcy. The Company shall not seek judicial relief from its obligations hereunder, except pursuant to the Bankruptcy Code. In the event the Company is a debtor under the Bankruptcy Code, the Company hereby waives to the fullest extent permitted any rights to relief it may have under 11 U.S.C. § 362 in respect of the conversion of the Notes and the exercise of the Warrants. The Company agrees, without cost or expense to the Investor, to take or consent to any and all action necessary to effectuate relief under 11 U.S.C. § 362.

Appears in 4 contracts

Samples: Securities Purchase Agreement (BioMETRX), Securities Purchase Agreement (BioMETRX), Securities Purchase Agreement (Accident Prevention Plus Inc)

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Relief in Bankruptcy. The Company shall not seek judicial relief from its obligations hereunder, hereunder except pursuant to the Bankruptcy Code. In the event the Company is a debtor under the Bankruptcy Code, the Company hereby waives to the fullest extent permitted any rights to relief it may have under 11 U.S.C. § ss. 362 in respect of the conversion of the Notes and the exercise of the Warrants. The Company agrees, without cost or expense to the InvestorInvestors, to take or consent to any and all action necessary to effectuate relief under 11 U.S.C. § ss. 362.

Appears in 2 contracts

Samples: Preferred Stock and Warrants Purchase Agreement (Galaxy Nutritional Foods Co), Series B Preferred Stock and Warrants Purchase Agreement (Interactive Telesis Inc)

Relief in Bankruptcy. The Company shall not seek judicial relief from its obligations hereunder, hereunder except pursuant to the Bankruptcy Code. In the event the Company is a debtor under the Bankruptcy Code, the Company hereby waives to the fullest extent permitted any rights to relief it may have under 11 U.S.C. § Section 362 in respect of the conversion of the Notes and the exercise of the Warrants. The Company agrees, without cost or expense to the InvestorInvestors, to take or consent to any and all action necessary to effectuate relief under 11 U.S.C. § 362.U.S.C.

Appears in 2 contracts

Samples: Series B Preferred Stock and Warrants Purchase Agreement (Interactive Telesis Inc), Convertible Preferred Stock and Warrants Purchase Agreement (Interactive Telesis Inc)

Relief in Bankruptcy. The Company shall not seek judicial relief -------------------- from its obligations hereunder, except pursuant to the Bankruptcy Code. In the event the Company is a debtor under the Bankruptcy Code, the Company hereby waives to the fullest extent permitted any rights to relief it may have under 11 U.S.C. § (S) 362 in respect of the conversion of the Notes Convertible Debentures and the exercise of the Warrants. The Company agrees, without cost or expense to the InvestorInvestors, to take or consent to any and all action necessary to effectuate relief under 11 U.S.C. § (S) 362.

Appears in 1 contract

Samples: Securities Purchase Agreement (Stan Lee Media Inc)

Relief in Bankruptcy. The Company shall not seek judicial relief from its obligations hereunder, hereunder except pursuant to the Bankruptcy Code. In the event the Company is a debtor under the Bankruptcy Code, the Company hereby waives to the fullest extent permitted any rights to relief it may have under 11 U.S.C. § ss. 362 in respect of the conversion of the Notes Purchased Shares and the exercise of the Warrants. The Company agrees, without cost or expense to the InvestorInvestors, to take or consent to any and all action necessary to effectuate relief under 11 U.S.C. § ss. 362.

Appears in 1 contract

Samples: Convertible Preferred Stock and Warrants Purchase Agreement (Atlantic Technology Ventures Inc)

Relief in Bankruptcy. The Company shall not seek judicial relief from its obligations hereunder, hereunder except pursuant to the Bankruptcy Code. In the event the Company is a debtor under the Bankruptcy Code, the Company hereby waives to the fullest extent permitted any rights to relief it may have under 11 U.S.C. § ss. 362 in respect of the conversion of the Notes Debentures and the exercise of the Warrants. The Company agrees, without cost or expense to the InvestorInvestors, to take or consent to any and all action necessary to effectuate relief under 11 U.S.C. § ss. 362.

Appears in 1 contract

Samples: Warrants Purchase Agreement (Datatec Systems Inc)

Relief in Bankruptcy. The Company shall not seek judicial relief from its obligations hereunder, hereunder except pursuant to the Bankruptcy Code. In the event the Company is a debtor under the Bankruptcy Code, the Company hereby waives to the fullest extent permitted any rights to relief it may have under 11 U.S.C. § ss. 362 in respect of the conversion of the Notes and the exercise of the Warrants. The Company agrees, without cost or expense to the Investor, to take or consent to any and all action necessary to effectuate relief under 11 U.S.C. § ss. 362.

Appears in 1 contract

Samples: Common Stock and Warrants Purchase Agreement (Galaxy Nutritional Foods Co)

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Relief in Bankruptcy. The Company shall not seek judicial relief from its obligations hereunder, except pursuant to the Bankruptcy Code. In the event the Company is a debtor under the Bankruptcy Code, the Company hereby waives to the fullest extent permitted any rights to relief it may have under 11 U.S.C. § 362 in respect of the conversion of the Convertible Notes and the exercise of the Warrants. The Company agrees, without cost or expense to the Investor, to take or consent to any and all action necessary to effectuate relief under 11 U.S.C. § 362.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cdknet Com Inc)

Relief in Bankruptcy. The Company shall not seek judicial relief from its obligations hereunder, hereunder or under the other Transaction Documents except pursuant to the Bankruptcy Code. In the event the Company is a debtor under the Bankruptcy Code, the Company hereby waives to the fullest extent permitted any rights to relief it may have under 11 U.S.C. § & 362 in respect of the conversion of the Notes and the exercise of the Warrants. The Company agrees, without cost or expense to the InvestorInvestors, to take or consent to any and all action necessary to effectuate relief under 11 U.S.C. § & 362.

Appears in 1 contract

Samples: Note Purchase Agreement (Datatec Systems Inc)

Relief in Bankruptcy. The Company shall not seek judicial relief from its obligations hereunder, hereunder except pursuant to the Bankruptcy Code. In the event the Company is a debtor under the Bankruptcy Code, the Company hereby waives to the fullest extent permitted any rights to relief it may have under 11 U.S.C. § Section 362 in respect of the conversion of the Notes and the exercise of Repricing Rights and the Warrants. The Company agrees, without cost or expense to the InvestorInvestors, to take or consent to any and all action necessary to effectuate relief under 11 U.S.C. § 362.U.S.C.

Appears in 1 contract

Samples: Securities Purchase Agreement (Interactive Telesis Inc)

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