Common use of Waiver of Automatic Stay Clause in Contracts

Waiver of Automatic Stay. Debtor acknowledges and agrees that should a proceeding under any bankruptcy or insolvency law be commenced by or against Debtor, or if any of the Collateral should become the subject of any bankruptcy or insolvency proceeding, then the Collateral Agent should be entitled to, among other relief to which the Collateral Agent or Lenders may be entitled under the Note, Subscription Agreement and any other agreement to which the Debtor, Lenders or Collateral Agent are parties, (collectively "Loan Documents") and/or applicable law, an order from the court granting immediate relief from the automatic stay pursuant to 11 U.S.

Appears in 10 contracts

Samples: Security Agreement (GTC Telecom Corp), Security Agreement (Stem Cell Innovations, Inc.), Security Agreement (Voip Inc)

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Waiver of Automatic Stay. Debtor acknowledges and agrees that should a proceeding under any bankruptcy or insolvency law be commenced by or against Debtor, or if any of the Collateral should become the subject of any bankruptcy or insolvency proceeding, then the Collateral Agent Lender should be entitled to, among other relief to which the Collateral Agent or Lenders Lender may be entitled under the Note, Subscription Agreement and any other agreement to which the Debtor, Lenders or Collateral Agent Lender are parties, (collectively "Loan Documents") and/or applicable law, an order from the court granting immediate relief from the automatic stay pursuant to 11 U.S.

Appears in 4 contracts

Samples: Security Agreement (Addison Davis Diagnostics), Security Agreement (Addison Davis Diagnostics), Security and Pledge Agreement (Universal Communication Systems Inc)

Waiver of Automatic Stay. Debtor acknowledges and agrees that should a proceeding under any bankruptcy or insolvency law be commenced by or against Debtor, or if any of the Collateral should become the subject of any bankruptcy or insolvency proceeding, then the Collateral Agent should be entitled to, among other relief to which the Collateral Agent or Lenders may be entitled under the Note, Subscription Agreement Agreement, Guaranty Agreement, and any other agreement to which the Debtor, Lenders or Collateral Agent are parties, (collectively "Loan Documents") and/or applicable law, an order from the court granting immediate relief from the automatic stay pursuant to 11 U.S.

Appears in 2 contracts

Samples: Security and Pledge Agreement (Voip Inc), Security and Pledge Agreement (Voip Inc)

Waiver of Automatic Stay. Debtor acknowledges and agrees that should a proceeding under any bankruptcy or insolvency law be commenced by or against Debtor, or if any of the Collateral should become the subject of any bankruptcy or insolvency proceeding, then the Collateral Agent Lender should be entitled to, among other relief to which the Collateral Agent or Lenders Lender may be entitled under the Note, Subscription Loan Agreement and any other agreement to which the Debtor, Lenders or Collateral Agent Debtor and Lender are parties, (collectively "Loan Documents") and/or applicable law, an order from the court granting immediate relief from the automatic stay pursuant to 11 U.S.

Appears in 1 contract

Samples: Security Agreement (South Texas Oil Co)

Waiver of Automatic Stay. Debtor acknowledges and agrees that should a proceeding under any bankruptcy or insolvency law be commenced by or against Debtor, or if any of the Collateral should become the subject of any bankruptcy or insolvency proceeding, then the Collateral Agent should be entitled to, among other relief to which the Collateral Agent or Lenders may be entitled under the Note, Subscription Agreement and any other agreement to which the Debtor, Lenders or Collateral Agent are parties, (collectively "β€œLoan Documents"”) and/or applicable law, an order from the court granting immediate relief from the automatic stay pursuant to 11 U.S.

Appears in 1 contract

Samples: Security Agreement

Waiver of Automatic Stay. Debtor acknowledges and agrees that should a ------------------------ proceeding under any bankruptcy or insolvency law be commenced by or against Debtor, or if any of the Collateral should become the subject of any bankruptcy or insolvency proceeding, then the Collateral Agent should be entitled to, among other relief to which the Collateral Agent or Lenders may be entitled under the Note, Subscription Agreement and any other agreement to which the Debtor, Lenders or Collateral Agent are parties, (collectively "Loan Documents") and/or applicable law, an order from the court granting immediate relief from the automatic stay pursuant to 11 U.S.

Appears in 1 contract

Samples: Security Agreement (FTS Group, Inc.)

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Waiver of Automatic Stay. Debtor acknowledges and agrees that should a proceeding under any bankruptcy or insolvency law be commenced by or against Debtor, or if any of the Collateral should become the subject of any bankruptcy or insolvency proceeding, then the Collateral Agent should be entitled to, among other relief to which the Collateral Agent or Lenders may be entitled under the NoteConvertible Notes, Subscription Agreement and any other agreement to which the Debtor, Lenders or Collateral Agent are parties, parties/ (collectively "Loan Documents") and/or applicable law, an order from the court granting immediate relief from the automatic stay pursuant to 11 U.S.

Appears in 1 contract

Samples: Security Agreement (Savoy Resources Corp)

Waiver of Automatic Stay. Debtor 5G acknowledges and agrees that should a proceeding under any bankruptcy or insolvency law be commenced by or against Debtor5G, or if any of the Collateral should become the subject of any bankruptcy or insolvency proceeding, then the Collateral Agent should be entitled to, among other relief to which the Collateral Agent or Lenders may be entitled under the Note, Subscription Agreement and any other agreement to which the Debtor, Lenders or Collateral Agent are parties, (collectively "Loan Documents") and/or applicable law, an order from the court granting immediate relief from the automatic stay pursuant to 11 U.S.

Appears in 1 contract

Samples: Subscription Agreement (5 G Wireless Communications Inc)

Waiver of Automatic Stay. Debtor acknowledges and agrees that should a ------------------------ proceeding under any bankruptcy or insolvency law be commenced by or against Debtor, or if any of the Collateral should become the subject of any bankruptcy or insolvency proceeding, then the Collateral Agent should be entitled to, among other relief to which the Collateral Agent or Lenders may be entitled under the Note, Subscription Agreement Agreement, Guaranty Agreement, and any other agreement to which the Debtor, Lenders or Collateral Agent are parties, (collectively "Loan Documents") and/or applicable law, an order from the court granting immediate relief from the automatic stay pursuant to 11 U.S.

Appears in 1 contract

Samples: Security and Pledge Agreement (FTS Group, Inc.)

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