Common use of Section 552(b) Clause in Contracts

Section 552(b). The Prepetition Secured Parties are and shall each be entitled to all of the rights and benefits of section 552(b) of the Bankruptcy Code, and the “equities of the case” exception under section 552(b) of the Bankruptcy Code shall not apply to the Prepetition Secured Parties or the Prepetition Obligations, provided that the foregoing shall be without prejudice to the terms of the Final Order with respect to the period from and after the entry of the Final Order.

Appears in 2 contracts

Sources: Restructuring Support Agreement (California Resources Corp), Restructuring Support Agreement (California Resources Corp)

Section 552(b). The Each of the Prepetition Secured Parties are and shall each be entitled to all of the rights and benefits of section 552(b) of the Bankruptcy Code, Code and the “equities of the case” exception under section 552(b) of the Bankruptcy Code shall not apply to the Prepetition Secured Parties or the Prepetition Obligations, provided that the foregoing shall be without prejudice to the terms of the Final Order with respect to the period from and after the entry proceeds, product, offspring, or profits of any of the Final OrderPrepetition Collateral.

Appears in 1 contract

Sources: Restructuring Support Agreement (2U, Inc.)