Automatic Stay. The parties hereto acknowledge that after the commencement of the Chapter 11 Case, the giving of notice or termination by any party pursuant to this Agreement shall not be a violation of the automatic stay of section 362 of the Bankruptcy Code; provided, however, nothing herein shall prejudice any party’s rights to argue that the giving of notice of termination was not proper under the terms of this Agreement.
Appears in 2 contracts
Sources: Restructuring Support Agreement (Spectrum Brands, Inc.), Plan Support and Lock Up Agreement (Cross Canyon Energy Corp.)
Automatic Stay. The parties hereto Parties acknowledge that after the commencement of the Chapter 11 CaseCases, the termination of this Agreement and the giving of notice or of termination by any party Party pursuant to this Agreement shall not be a violation of the automatic stay of section 362 of the Bankruptcy CodeCode subject to the terms of any order authorizing the assumption of this Agreement; provided, however, that nothing herein shall prejudice any partyParty’s rights to argue that the giving of notice of termination was not proper under the terms of this Agreement.
Appears in 2 contracts
Sources: Restructuring Support Agreement, Restructuring Support Agreement (Seventy Seven Energy Inc.)
Automatic Stay. The parties hereto Basic Parties acknowledge and agree and shall not dispute that after the commencement Commencement Date, the termination of the Chapter 11 Case, this Agreement and the giving of notice or of termination by any party Party pursuant to this Agreement shall not be a violation of the automatic stay of section 362 of the Bankruptcy Code; providedCode (and each Basic Party hereby waives, howeverto the fullest extent permitted by law, nothing herein shall prejudice any party’s rights the applicability of the automatic stay to argue that the giving of notice of termination was not proper under the terms of this Agreementsuch notice).
Appears in 1 contract
Sources: Restructuring Support Agreement
Automatic Stay. The parties hereto Memorial Parties acknowledge and agree that after the commencement of the Chapter 11 CaseCases, the giving of notice or of termination by any party Party pursuant to this Plan Support Agreement shall not be a violation of the automatic stay of section 362 of the Bankruptcy Code; provided, however, provided that nothing herein shall prejudice any partyParty’s rights to argue that the giving of notice of termination was not proper under the terms of this Plan Support Agreement.
Appears in 1 contract
Sources: Plan Support Agreement (Memorial Production Partners LP)
Automatic Stay. The parties hereto Debtor Parties acknowledge and agree and shall not dispute that after the commencement of the Chapter 11 CaseCases, the giving of notice or of termination of this Agreement by any party Party pursuant to this Agreement shall not be a violation of the automatic stay of under section 362 of the Bankruptcy CodeCode (and the Debtor Parties hereby waive, to the fullest extent permitted by law, the applicability of the automatic stay to the giving of such notice); provided, however, provided that nothing herein shall prejudice any partyParty’s rights to argue that the giving of notice of default or termination was not proper under the terms of this Agreement.
Appears in 1 contract
Sources: Restructuring Support Agreement
Automatic Stay. The parties hereto ▇▇▇▇▇▇ Parties and the ACG Parties acknowledge that after the commencement of the ▇▇▇▇▇▇ Chapter 11 CaseCases or the ACG Chapter 11 Cases, the giving of notice or of termination by any party Party pursuant to this Agreement shall not be a violation of the automatic stay of section 362 of the Bankruptcy Code; provided, however, nothing herein shall prejudice any partyParty’s rights to argue that the giving of notice of termination was not proper under the terms of this Agreement.
Appears in 1 contract