Common use of DISAPPLICATION OF CERTAIN EVENTS OF DEFAULT Clause in Contracts

DISAPPLICATION OF CERTAIN EVENTS OF DEFAULT. Sections 5(a)(ii), 5(a)(iii), 5(a)(iv), 5(a)(v), 5(a)(vii)(2), (3) (to the extent that it relates to any assignment, arrangement or composition that is effected by or pursuant to the Transaction Documents), (4) (to the extent that it relates to actions taken by Party A or its Affiliates), (5),(6),(7) and (9) and 5(a)(viii) will not apply in respect of Party B. Section 5(a)(vii)(8) will not apply to Party B to the extent that it applies to Section 5(a)(vii)(2), (5),(6),(7) and (9) and applies to Sections 5(a)(vii)(3) and 5(a)(vii)(4) only as amended above.

DISAPPLICATION OF CERTAIN EVENTS OF DEFAULT. Sections Section 5(a)(ii), Section 5(a)(iii), Section 5(a)(iv), 5(a)(v), Section 5(a)(vii)(2), (3) (to the extent that it relates refers to any assignment, arrangement or composition that is effected by or pursuant to the Transaction Documents), (4) (to the extent that it relates to actions taken proceedings or petitions instituted or presented by Party A or its Affiliates), (5),(6),(75), (6), (7) and (9) and Section 5(a)(viii) will shall not apply in respect of Party B. Section 5(a)(vii)(85(a)(v) will shall not apply to Party A and Party B. Section 5(a)(vii)(8) will apply to Party B only to the extent that it applies to Section 5(a)(vii)(25(a)(vii)(1), (5),(6),(73) and (94) and applies to Sections 5(a)(vii)(3) and 5(a)(vii)(4) only (as amended above).