Bankruptcy Event of Default. Prior to the Conversion Date:
Bankruptcy Event of Default. With respect to the Notes, the following amendments shall have been deemed to have been made to Section 501 of the Base Indenture:
Bankruptcy Event of Default. It shall be an event of default hereunder with respect to a Party if such Party becomes insolvent, or generally does not pay its debts as they become due, or admits in writing its inability to pay its debts, or makes a general assignment for the benefit of creditors, or (a) if insolvency, receivership, reorganization or bankruptcy proceedings are commenced against any such party, and such proceedings are not dismissed within sixty (60) days, or (b) if insolvency, receivership, reorganization or bankruptcy proceedings are commenced by any such party.
Bankruptcy Event of Default. Immediately upon the occurrence of any Bankruptcy Event of Default, all Commitments shall, automatically and without notice to any Person, terminate, and all Obligations (other than Obligations under any Swap Agreements between a Credit Party and Administrative Agent or any Lender (or any of their respective Affiliates), all of which shall be due in accordance with and governed by the provisions of such Swap Agreements) shall, automatically and without notice to any Person, become immediately due and payable, without diligence, presentment, demand, protest, or notice of any kind, all of which are hereby waived by Credit Parties to the fullest extent permitted by Applicable Law, and at or subsequent thereto,
Bankruptcy Event of Default. It shall be an event of default hereunder with respect to a Party hereto if such Party (and, in the case of Seller, if Composite Technology Corporation) becomes insolvent, or generally does not pay its debts as they become due, or admits in writing its inability to pay its debts, or makes a general assignment for the benefit of creditors, or if insolvency, receivership, reorganization or bankruptcy proceedings are commenced by or against such Party (or, in the case of Seller, against Composite Technology Corporation).
Bankruptcy Event of Default. Upon the occurrence of a Bankruptcy Event of Default,
Bankruptcy Event of Default. If a Bankruptcy Event of Default occurs and is continuing, JVC may exercise the Purchase Option with respect to all or a part of the Common Use Assets by providing notice to CRSC within sixty (60) days of the earlier of (x) CRSC written notice to JVC of the occurrence of the Bankruptcy Event of Default or (y) JVC knowledge of the occurrence of the Bankruptcy Event of Default.
Bankruptcy Event of Default. Immediately upon the occurrence of any Bankruptcy Event of Default, all Obligations (including the Prepayment Premium, the Bridge Loan Fee and the Bridge Loan Extension Fee) shall, automatically and without notice to any Person, become immediately due and payable, without diligence, presentment, demand, protest, or notice of any kind, all of which are hereby waived by Credit Parties to the fullest extent permitted by Applicable Law, and at or subsequent thereto,
Bankruptcy Event of Default. It shall be an event of default hereunder with respect to a party hereto if such party, or if (with respect to Seller) MHI, or if (with respect to Owner) the guarantor under the Owner Parent Guaranty, becomes insolvent, or generally does not pay its debts as they become due, or admits in writing its inability to pay its debts, or makes a general assignment for the benefit of creditors, or if insolvency, receivership, reorganization or bankruptcy proceedings are commenced by or against such party.
Bankruptcy Event of Default. If an Event of Default shall have occurred as a result of the Seller becoming a debtor under the United States Bankruptcy Code, or subject to any other bankruptcy, insolvency, liquidation, reorganization, receivership or similar proceedings, whether under United States laws or otherwise ("Bankruptcy Proceedings"), the Guarantor agrees, consents and acknowledges that the Trust shall be entitled to enforce this Guaranty notwithstanding the pendency of Bankruptcy Proceedings respective the Seller, whether or not (i) the exercise of the Trust's rights and remedies against the Seller is stayed by operation of law, court order or otherwise, and (ii) the resulting Event of Default as against the Seller is void, voided, avoidable or otherwise not given effect due to the unenforceability of bankruptcy termination clauses or otherwise.
