Automatic Stay definition

Automatic Stay means the automatic stay provided under Section 362 of the Bankruptcy Code.

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Automatic Stay means the automatic stay imposed under Section 362 of the Bankruptcy

Automatic Stay means the automatic stay provided under Section 362 of the Bankruptcy

Examples of Automatic Stay in a sentence

• The Parties hereby waive any requirement under section 362 of the Bankruptcy Code to lift the automatic stay thereunder (the “Automatic Stay”) in connection with giving any such notice (and agree not to object to any non-breaching Party seeking to lift the Automatic Stay in connection with giving any such notice, if necessary).

• On January 6, 2004, certain of Congoleum's insurers filed the Motion of Certain Insurers for Declaration that Section 362(a) of the Bankruptcy Code is not Applicable, or, in the Alternative, for Relief from the Automatic Stay (the "Stay Motion").

• On January 6, 2004, certain of the Congoleum's insurers filed the Motion of Certain Insurers for Declaration that Section 362(a) of the Bankruptcy Code is not Applicable, or, in the Alternative, for Relief from the Automatic Stay (the "Stay Motion").

• In the event of a bankruptcy proceeding, Service Providers may exercise their rights under this Agreement to debit any of Merchant’s accounts at Service Providers for amounts due Service Providers regardless of the pre-petition or post-petition nature of the amount due Service Providers, and Merchant promises not to contest any Motion for Relief from Automatic Stay that Service Providers may decide to file to debit the accounts.

• Automatic Stay: So long as any of the First Lien Obligations are outstanding, the Second Lien Secured Parties shall not seek relief from the automatic stay or any other stay in any bankruptcy proceeding in respect of the Collateral, without the prior written consent of the First Lien Secured Parties.

More Definitions of Automatic Stay

Automatic Stay means the “automatic stay” arising as a result of the Cases.

Automatic Stay means the automatic stay imposed in the Chapter 11 Cases pursuant to section 362(a) of the Bankruptcy Code.

Automatic Stay has the meaning set forth in Section 5 hereof.

Automatic Stay. : meansMeans the automatic stay imposed under Section 362 of the Bankruptcy

Automatic Stay means the automatic stay imposed with respect to creditors of the Debtors pursuant to Section 362 of the Bankruptcy Code and any equivalent stay on enforcements proceedings under Debtor Relief laws in any other jurisdiction.

Automatic Stay has the meaning provided for such term under Section 362 of the Bankruptcy Code.

Automatic Stay means the automatic stay imposed under Section 362 of the Bankruptcy Code. “Avoidance Action Proceeds” has the meaning specified therefor in Section 4.09(a). “Avoidance Actions” has the meaning specified therefor in Section 4.09(a). “Bankruptcy Code” has the meaning assigned to such term in the recitals hereto. “Bankruptcy Court” has the meaning assigned to such term in the recitals hereto. “Board of Directors” means: (a) with respect to a corporation, the board of directors of the corporation or a duly authorized committee thereof; (b) with respect to a partnership, the board of directors of the general partner of the partnership; (c) with respect to a limited liability company managed by the member or members, the managing member or members or any controlling committee of managing members thereof; (d) with respect to a limited liability company managed by a manager or managers, the manager or managers and any controlling committee of managers; and (e) with respect to any other person, the board or committee of such person serving a similar function. “Borrower” has the meaning specified therefor in the preamble hereto. “Budget Event” means any of the following: (a) the actual amount of aggregate cumulative operating disbursements plus capital expenditure disbursements during any Budget Testing Period (other than the Initial Budget Testing Periods) shall exceed the projected cumulative operating disbursements plus capital expenditure disbursements in the Approved Budget for such Budget Testing Period by more than 10%; or (b) the aggregate amount of actual receipts during any Budget Testing Period (other than the Initial Budget Testing Periods) shall be less than 85% of the aggregate cumulative receipts in the Approved Budget for such Budget Testing Period (the variances described in (a) and (b) of this definition, the “Permitted Variance”). “Budget Testing Date” means (i) each of the second, third and fourth Friday occurring after the Petition Date (collectively, the “Initial Budget Testing Dates”) and (ii) the