Distributions in Liquidation and Bankruptcy. In the event of any ------------------------------------------- distribution, division or application, partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or any part of the assets of the Company or the proceeds thereof (including any assets now or hereafter securing any Management Fees) to creditors of the Company or upon any indebtedness of the Company, by reason of the liquidation, dissolution or other winding up, partial or complete, of the Company, or any receivership, insolvency or bankruptcy proceeding, or assignment for the benefit of creditors or marshalling of assets, or any proceeding by or against the Company for any relief under any bankruptcy or insolvency law or laws relating to the relief of debtors, readjustment of indebtedness, arrangements, reorganizations, compositions or extensions (each of the foregoing, a "Liquidation Event"), then and in any such event:
Distributions in Liquidation and Bankruptcy. In the event of any distribution, division, or application, partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or any part of the assets of the Borrower or the proceeds thereof to creditors of the Borrower or upon any indebtedness of the Borrower, as a result of the liquidation, dissolution, or other winding up, partial or complete, of the Borrower, or as a result of any Proceeding by or against the Borrower for any relief under any bankruptcy or insolvency law or laws relating to the relief of debtors, readjustment of indebtedness, arrangements, reorganizations or compositions, or as a result of the sale of all or substantially all of the assets of the Borrower, then and in any such event:
Distributions in Liquidation and Bankruptcy. In the event of any ------------------------------------------- distribution, division or application, partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or any part of the assets of Guarantor or the proceeds thereof (including any assets now or hereafter securing any Subordinated Debt), to creditors of Guarantor or upon any indebtedness of Guarantor, by reason of the liquidation, dissolution or other winding up, partial or complete, of Guarantor, or any receivership, insolvency or bankruptcy proceeding, or assignment for the benefit of creditors or marshalling of assets, or any proceeding by or against Guarantor for any relief under any bankruptcy or insolvency law or laws relating to the relief of debtors, readjustment of indebtedness, arrangements, reorganizations, compositions or extensions, or sale of all or substantially all of the assets of Guarantor, then and in any such event:
Distributions in Liquidation and Bankruptcy. Notwithstanding anything to the contrary in this Agreement or in the 1998 Debentures in the event of any distribution, division or application partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or any part of the assets of Borrower or the proceeds thereof (including any assets now or hereafter securing any Subordinated Debt) to creditors of Borrower or upon any indebtedness of Borrower, as a result of the liquidation, dissolution or other winding up, partial or complete, of Borrower, or as a result of any receivership, insolvency or bankruptcy proceeding, or assignment for the benefit of creditors or marshalling of assets, or as a result of any proceeding by or against Borrower for any relief under any bankruptcy or insolvency law or laws relating to the relief of debtors, readjustment of indebtedness, arrangements, reorganizations, compositions or extensions, or as a result of the sale of all or substantially all of the assets of Borrower, then and in any such event:
Distributions in Liquidation and Bankruptcy. In the event of any distribution, division, or application, partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or any part of the assets of any Credit Party or the proceeds thereof (including any assets now or hereafter securing any Subordinated Debt) to creditors of such Credit Party or upon any indebtedness of such Credit Party, as a result of the liquidation, dissolution, or other winding up, partial or complete, or any Credit Party, or as a result of any receivership, insolvency, or bankruptcy proceeding, or assignment for the benefit of creditors or marshaling of assets, or as a result of any proceeding by or against any Credit Party for any relief under any bankruptcy or insolvency law or laws relating to the relief of debtors, readjustment of indebtedness, arrangements, reorganizations, compositions, or extensions, or as a result of the sale of all or substantially all of the assets of any Credit Party, then and in any such event:
Distributions in Liquidation and Bankruptcy. In the event of any ------------------------------------------- distribution, division or application partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or any part of the assets of Borrower or the proceeds thereof (including any assets now or hereafter securing any Subordinated Debt) to creditors of Borrower or upon any indebtedness of Borrower, as a result of the liquidation, dissolution or other winding up, partial or complete, of Borrower, or as a result of any receivership, insolvency or bankruptcy proceeding, or assignment for the benefit of creditors or marshaling of assets, or as a result of any proceeding by or against Borrower for any relief under any bankruptcy or insolvency law or laws relating to the relief of debtors, readjustment of indebtedness, arrangements, reorganizations, compositions or extensions, or as a result of the sale of all or substantially all of the assets of Borrower, then and in any such event:
Distributions in Liquidation and Bankruptcy. In the event of any distribution, division, or application, partial or complete, voluntary or involuntary, by operation of law or otherwise of all or any part of the assets of Borrower or any Guarantor, or the proceeds thereof (including any assets now or hereafter securing any Subordinated Obligation), (i) upon any indebtedness of Borrower or any Guarantor as a result of the liquidation, dissolution, or other winding up, partial or complete, of Borrower or any Guarantor, (ii) as a result of any receivership, insolvency, or bankruptcy proceeding, or assignment for the benefit of creditors or marshaling of assets, or (iii) as a result of any proceeding by or against Borrower or any Guarantor for any relief under any bankruptcy or insolvency law or laws relating to the relief of debtors, readjustment of indebtedness, arrangements, reorganizations, compositions, or extensions, then and in any such event:
Distributions in Liquidation and Bankruptcy. In the event of any distribution, division or application, partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or any part of the assets of the Tribe or the proceeds thereof (including any assets now or hereafter securing any Subordinated Obligations) to creditors of the Tribe or upon any indebtedness of the Tribe, by reason of the liquidation, dissolution or other winding up, partial or complete, of the Tribe, or any receivership, insolvency or bankruptcy proceeding, or assignment for the benefit of creditors or marshalling of assets, or any proceeding by or against the Tribe for any relief under any bankruptcy or insolvency law or laws relating to the relief of 3 debtors, readjustment of indebtedness, arrangements, reorganizations, compositions or extensions, or sale of all or substantially all of the assets of Tribe, then and in any such event:
Distributions in Liquidation and Bankruptcy. In the event of any distribution, division, or application, partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or any part of the assets of the Credit Parties or the proceeds thereof (including any assets now or hereafter securing any Subordinate Obligations) to creditors of the Credit Parties or upon any indebtedness of the Credit Parties, as a result of any Insolvency Proceeding, assignment for the benefit of creditors or marshaling of assets, or as a result of the sale of all or substantially all of the assets of any Credit Party, then in such event:
Distributions in Liquidation and Bankruptcy. (a) In the Event of any insolvency or bankruptcy case under Title 11 of the United States Code (the "Bankruptcy Code") or any other federal or state insolvency statute, or any receivership, liquidation, reorganization or other similar proceedings in connection therewith, relative to any Obligor or its property, or in the event of any proceedings for voluntary liquidation, dissolution or other winding up of any Obligor, whether or not involving insolvency or bankruptcy or in the event of any assignment for the benefit of creditors of any Obligor or any marshaling of assets of any Obligor (any such event an "Insolvency Case"), then the Senior Lender shall first be entitled to receive payment in full of all Senior Debt before the Junior Creditor shall be entitled to receive any payment on account of the Subordinated Debt, and the Senior Lender shall be entitled to receive for application in payment of the Senior Debt any payment or distribution of any kind or character, whether in cash, property or securities, which may be payable or deliverable in any such Insolvency Case in respect of the Subordinated Debt, including, without limitation, securities or interests of any Obligor as reorganized or readjusted or securities or interests of any Obligor or any other entity provided for by a plan of reorganization or readjustment (other than, in any such case, Junior Securities).
