Lift Stay Order definition

Lift Stay Order means the order of the Bankruptcy Court lifting the automatic stay with respect to the M&E set forth therein [Docket No. 553]. Notwithstanding anything to the contrary herein, including Article XII, nothing herein shall modify the Equipment Term Loan Lenders’ or the Equipment Term Loan Agent’s rights or obligations under the Lift Stay Order, and the Debtors, Wind-Down Trust, the Prepetition ABL Lenders, Equipment Term Loan Lenders, the Equipment Term Loan Agent, and the Liquidation Trustee (as applicable) shall retain all rights, including the ability to seek relief from the Court, in connection with the Lift Stay Order.
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Lift Stay Order has the meaning set forth in Section 18.20, Acceptance or Rejection in Bankruptcy, of Article XVIII, MISCELLANEOUS.
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Examples of Lift Stay Order in a sentence

  • Kershaw PC further takes issue with the in personam nature of the award, stating that it “allowed the arbitrator to unlawfully circumvent the Lift Stay Order and federally mandated bankruptcy protections.” Id. at 13.

  • This runs contrary to the Lift Stay Order in which the Court permitted GACP to recover its collateral pursuant to GACP’s motion filed August 6, 2020 to lift the automatic stay.2 (Case No. 20-33627, ECF Nos.

  • D.I. 87).On June 7, 2018, the Bankruptcy Court entered the Lift Stay Order, which (i) denied Appellant’s motion to reinstate the automatic stay, and (ii) granted Bank of New York relief from the automatic stay on the basis that Appellant failed to make the required post-petition payments under the Stipulated Order.

  • In the alternative, Keystone seeks a declaratory judgment that “GACP has abandoned its claim to the Equipment and lacks any lien, security interest, or right in the Equipment.” (ECF No. 36 at 10) (cleaned up).The Court entered the Lift Stay Order on September 2, 2020.

  • Importantly, the Lift Stay Order lays out the procedure for GACP to abandon any of its collateral: “Prior to the Payoff Notice Date, the Agent shall not abandon any of the Stay Relief Collateral without consent of the Debtors, the Committee, and the Prepetition ABL Agent (or their successors and assigns) or order of the Court.” (Case No. 20-33627, ECF No. 553 at 8).

  • The bankruptcy court in this case granted the parties limited relief from the automatic stay to “pursue entry of a judgment in the state court matrimonial action.” Lift Stay Order, at 9.

  • Keystone offers no facts or argument to support the contention that GACP abandoned its collateral either in the ordinary course or pursuant to the Lift Stay Order.

  • Pursuant to the Lift Stay Order, the Association was granted relief from the automatic stay of § 362(a) to seek to join the Debtor to the two lawsuits currently pending in connection to the collapse of the pier, Harford Ins.

  • On June 21, 2018, Appellant timely appealed the Lift Stay Order (Bankr.

  • However, banks' philosophy and business tradition differ due to ownership differentiation.

Related to Lift Stay Order

  • Levy Order means an Order made by the Commission under paragraph 16 of the Schedule to the Act.

  • Bankruptcy Order means any court order made in a proceeding pursuant to or within the meaning of any Bankruptcy Law, containing an adjudication of bankruptcy or insolvency, or providing for liquidation, winding up, dissolution or reorganization, or appointing a Custodian of a debtor or of all or any substantial part of a debtor’s property, or providing for the staying, arrangement, adjustment or composition of indebtedness or other relief of a debtor.

  • Supply Order means an order for supply of stores and includes an order for performance of service;

  • Stop Order means an instruction to create a Short Position when Our Price reaches a specified price.

  • Money order means a payment order for a specified amount of money. The term includes an express money order and a personal money order on which the remitter is the purchaser.

  • First Day Orders means all orders entered by the Bankruptcy Court on the Petition Date or within five Business Days of the Petition Date or based on motions filed on the Petition Date.

  • Approval Order means (i) an order in the form attached hereto as Exhibit 2; or (ii) in the event of a timely objection to the motion to approve the Agreement that if sustained would reduce the full Settlement Amount available to pay Asbestos-Released Claims, an order in such form agreed to in writing by the Parties, entered by the Bankruptcy Court that (a) approves this Agreement, (b) authorizes the Parties to undertake the settlement and the sale of the Subject Policies as set forth in this Agreement, and (c) provides for the Injunction.

  • Declaratory order means the department’s interpretation of a statute, rule or order as applied to specified circumstances. A declaratory order is issued in response to a petition for declaratory order.

  • Depositor Order A written order or request, respectively, signed in the name of the Depositor by any one of its Executive Officers.

  • Sale Order means an order or orders of the Bankruptcy Court in form and substance reasonably acceptable to Buyer and Sellers approving this Agreement and all of the terms and conditions hereof, and approving and authorizing Sellers to consummate the transactions contemplated hereby.

  • Regulatory Order means an order issued by a permitting authority that requires compliance with:

  • Financing Order means an order of the commission adopted in accordance with 69-8-503 that authorizes the imposition and collection of fixed transition amounts and the issuance of transition bonds.

  • Stop Loss Order means an order placed to close a position once it hits a specific price in order to protect yourself from further losses and avoid potential close-outs/stop-outs.

  • FCC Order means Federal Communications Commission Order 94-102 (61 Federal Register 40348)

  • Company Order means a written request or order signed in the name of the Company by its Chairman of the Board, its Vice Chairman of the Board, its President or a Vice President, and by its Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary, and delivered to the Trustee.

  • Pending Order means an instruction from the Client to the Company to open a position once the price has reached the level of the Order.

  • Limit Order means an order to buy or sell a financial instrument at its specified price limit or better and for a specified size;

  • Bidding Procedures Order means that certain order of the Bankruptcy Court, entitled “Order (A) Approving Sale Procedures and Bid Protections, Including Break-Up Fee(s), In Connection With Sale Of Substantially All Assets; (B) Scheduling An Auction For And Hearing To Approve One Or More Sales; (C) Approving Notice Of Respective Date, Time And Place For Auction And For Hearing On Approval Of Sale(s),” entered on January 16, 2009.

  • Tariff Order in respect of a licensee means the most recent order issued by the Commission for that licensee indicating the rates to be charged by the licensee from various categories of consumers for supply of electrical energy and services;

  • Disclosure Statement Order means the order of the Bankruptcy Court approving the Disclosure Statement.

  • Cease and desist order means a court-issued order to halt land disturbing construction activity that is being conducted without the required permit.

  • Interim Order means the interim order of the Court, as the same may be amended, in respect of the Arrangement;

  • Issuing Entity Order or “Issuing Entity Request” means a written order or request signed in the name of the Issuing Entity by any one of its Authorized Officers and delivered to the Indenture Trustee.

  • Scheduling Order means the scheduling order to be entered pursuant to Rule 23.1 of the Rules of the Court of Chancery, substantially in the form attached hereto as Exhibit C.

  • Confirmation Order means the order of the Bankruptcy Court confirming the Plan pursuant to section 1129 of the Bankruptcy Code.

  • Mass in running order means the mass of the vehicle, with its fuel tank(s) filled to at least 90 per cent of its or their capacity/capacities, including the mass of the driver, fuel and liquids, fitted with the standard equipment in accordance with the manufacturer's specifications and, when they are fitted, the mass of the bodywork, the cabin, the coupling and the spare wheel(s) as well as the tools.