Stay Relief Sample Clauses

Stay Relief. 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 $50,000,000 in the aggregate or (ii) permit other actions that would have a Material Adverse Effect on the DIP Debtors or their estates (taken as a whole); or
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Stay Relief. Until the Discharge of First Lien Obligations has occurred, the Collateral Agent (on behalf of the Second Lien Secured Parties and the Third Lien Secured Parties), the Second Lien Administrative Agent, for itself and on behalf of the other Second Lien Secured Parties, and the Trustee, for itself and on behalf of the other Third Lien Secured Parties, agree that none of them shall: (i) seek (or support any other Person seeking) relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the Collateral, without the prior written consent of the First Lien Secured Parties (except to the extent that the First Lien Secured Parties seek relief from the automatic stay) or (ii) oppose (or support any other Person in opposing) any request by the First Lien Secured Parties for relief from such stay. After the Discharge of First Lien Obligations and until the Discharge of Second Lien Obligations has occurred, the Collateral Agent (on behalf of the Third Lien Secured Parties) and the Trustee, for itself and on behalf of the other Third Lien Secured Parties, agree that none of them shall: (i) seek (or support any other Person seeking) relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the Collateral, without the prior written consent of the Second Lien Secured Parties (except to the extent that the Second Lien Secured Parties seek relief from the automatic stay), or (ii) oppose (or support any other Person in opposing) any request by the Second Lien Secured Parties for relief from such stay.
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Stay Relief. (a) As consideration for Successor's forbearance in accordance with this Agreement, should IPRC be the subject of a Bankruptcy Proceeding, then IPRC irrevocably consents and agrees that Successor shall be granted immediate relief from the automatic stay provided by section 362(a) of the United States Bankruptcy Code, 11 U.S.C. ss. 362(a), or any similar stay or injunctive relief provided for under any other form of Bankruptcy Proceeding (the "Stay"), so that Successor may exercise its rights and remedies in and to the Collateral and otherwise under this Agreement without further order of any court, and IPRC shall not contest Successor 's entitlement to such relief. (b) IPRC is aware that there may be case law which holds that such pre-petition consent to relief from Stay may be unenforceable. IPRC hereby agrees that in any Bankruptcy Proceeding, it will be deemed to have rejected and disavowed any such case law. IPRC further agrees and acknowledges that Successor is providing it with valuable consideration under this Agreement; that Successor is foregoing the exercise of its rights and remedies; that Successor would be prejudiced if this consent to Stay relief were not enforced in such Bankruptcy Proceeding; that IPRC's other creditors, if any, will not be prejudiced by enforcement of this waiver, but rather have been benefited by Successor 's willingness to enter into this Agreement; and that, but for IPRC's agreement to allow Successor to have relief from the Stay, Successor would not have entered into this Agreement. (c) As consideration for Successor's forbearance in accordance with this Agreement, should IPRC offer additional equipment and/or products for sale to Successor or any of its affiliates, then IPRC shall not offer such equipment and/or products at a purchase price that is less favorable than the purchase price of such equipment and /or products offered to third parties. If IPRC enters into an agreement with a third party for equipment and/or products that is more favorable than the terms and conditions for like equipment and/or products then Successor or its affiliates shall be entitled to the benefit of the more favorable terms; provided however, that Successor or its affiliates is not then in default of any payment obligation to IPRC.
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Stay Relief. The first lien lender may include a provision that prohibits the second lien lender from seeking stay relief or opposing stay relief sought by the first lien lender. In response to this request, the second lien lender may seek certain limitations, including a reservation of the right to seek relief from the stay if the first lien lender receives relief from the stay themselves.
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Related to Stay Relief

  • Emergency Relief Notwithstanding anything in this Section 8.5 to the contrary, either party may seek from a court any provisional remedy that may be necessary to protect any rights or property of such party pending the establishment of the arbitral tribunal or its determination of the merits of the controversy.

  • Other Relief The remedies provided for in this Lease are in addition to any other remedies available to Landlord at law or in equity by statute or otherwise.

  • Injunctive Relief and Additional Remedy The Executive acknowledges that the injury that would be suffered by the Employer as a result of a breach of the provisions of this Agreement (including any provision of Sections 7 and 8) would be irreparable and that an award of monetary damages to the Employer for such a breach would be an inadequate remedy. Consequently, the Employer will have the right, in addition to any other rights it may have, to obtain injunctive relief to restrain any breach or threatened breach or otherwise to specifically enforce any provision of this Agreement, and the Employer will not be obligated to post bond or other security in seeking such relief.

  • Urgent relief Despite any other provision of this Agreement, each party may take steps to seek urgent injunctive or equitable relief before an appropriate court.

  • Debtor Relief The Companies shall not be Solvent, or any Company (a) fails to pay its Debts generally as they become due, (b) voluntarily seeks, consents to, or acquiesces in the benefit of any Debtor Relief Law, or (c) becomes a party to or is made the subject of any proceeding provided for by any Debtor Relief Law, other than as a creditor or claimant, that could suspend or otherwise adversely affect the Rights of the Agents or the Lenders granted in the Loan Papers (unless, in the event such proceeding is involuntary, the petition instituting same is dismissed within 60 days after its filing).

  • Relief The Executive agrees that it would be difficult to measure any damages caused to the Company which might result from any breach by the Executive of the Continuing Obligations, and that in any event money damages would be an inadequate remedy for any such breach. Accordingly, the Executive agrees that if the Executive breaches, or proposes to breach, any portion of the Continuing Obligations, the Company shall be entitled, in addition to all other remedies that it may have, to an injunction or other appropriate equitable relief to restrain any such breach without showing or proving any actual damage to the Company.

  • Damages; Relief Termination of this Agreement shall not preclude either Party from claiming any other damages, compensation or relief that it may be entitled to upon such termination.

  • Equitable Relief The parties hereto agree and declare that legal remedies may be inadequate to enforce the provisions of this Agreement and that equitable relief, including specific performance and injunctive relief, may be used to enforce the provisions of this Agreement.

  • Right to Injunctive Relief Each Party agrees that breaches of this Section 9 may cause irreparable harm to the other Party and shall entitle such other Party, in addition to any other remedies available to it (subject to the terms of this Agreement), the right to seek injunctive relief enjoining such action.

  • Injunctive Relief The Borrower recognizes that, in the event the Borrower fails to perform, observe or discharge any of its obligations or liabilities under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower agrees that the Lenders, at the Lenders’ option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of proving actual damages.

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