Common use of Automatic Stay Clause in Contracts

Automatic Stay. The Obligors hereby expressly assent to any motion filed by the Bank seeking relief from the automatic stay in connection with any Petition for Relief filed by or against any one or more of the Obligors under the United States Bankruptcy Code.

Appears in 5 contracts

Sources: Common Stock Purchase Agreement (Sight Resource Corp), Modification Agreement (Sight Resource Corp), Modification Agreement (Sight Resource Corp)