Waiver of Automatic Stay | Practical Law

Waiver of Automatic Stay | Practical Law

A Standard Clause for use in a forbearance or restructuring agreement providing for a defaulting borrower to waive its right to assert the automatic stay against a lender if it later files for bankruptcy. This Standard Clause has integrated notes with important explanations and drafting tips.

Waiver of Automatic Stay

Practical Law Standard Clauses 3-385-5433 (Approx. 8 pages)

Waiver of Automatic Stay

by Practical Law Bankruptcy & Restructuring and Practical Law Finance
MaintainedUSA (National/Federal)
A Standard Clause for use in a forbearance or restructuring agreement providing for a defaulting borrower to waive its right to assert the automatic stay against a lender if it later files for bankruptcy. This Standard Clause has integrated notes with important explanations and drafting tips.