Examples of Bankruptcy Event of Default in a sentence
Unless we specify otherwise, the date of the occurrence of any Bankruptcy Event of Default shall automatically constitute a Liquidation Date (Automatic Termination), without the need for any notice by us and the provisions of clause 21.4shall then apply.
Notwithstanding the foregoing, immediately upon any Bankruptcy Event of Default, and without notice to or demand upon any Pledgor or any action by the Secured Party, the Obligations shall be accelerated and all Obligations shall be immediately due and payable by the Pledgors to the Secured Party.
Notwithstanding the foregoing, immediately upon any Bankruptcy Event of Default, and without notice to or demand upon any Guarantor or any action by the Beneficiary, the Obligations shall be accelerated and all of the Obligations shall be immediately due and payable.