Insolvency Event. An “Insolvency Event” occurs if the Company institutes proceedings to be adjudicated as bankrupt or insolvent, consents to the institution of bankruptcy or insolvency proceedings against it, files a petition or answer or consent seeking reorganization or relief under any applicable law in respect of bankruptcy or insolvency, consents to the filing of any petition of that kind or to the appointment of a receiver, liquidator, assignee, trustee, custodian or sequestrator (or other similar official) of it or any substantial part of its property or makes an assignment for the benefit of creditors, or if information becomes publicly available indicating that unsecured claims against the Company are not expected to be paid.
Insolvency Event. Despite clause 18.1, if either party is subject to an Insolvency Event, the other party may:
Insolvency Event. An “Insolvency Event” occurs if the Company institutes proceedings to be adjudicated as bankrupt or insolvent, consents to the institution of bankruptcy or insolvency proceedings against it, files a petition or answer or consent seeking reorganization or relief under any applicable law in respect of bankruptcy or insolvency, consents to the filing of any petition of that kind or to the appointment of a receiver, liquidator, assignee, trustee, custodian or sequestrator (or other similar official) of it or any substantial part of its property or makes an assignment for the benefit of creditors, or if the Company admits its inability to pay its debts as they become due in the ordinary course of business.
Insolvency Event. The term “
Insolvency Event any Insolvency Event shall occur with respect to any Credit Party or any of its Subsidiaries; or
Insolvency Event. An Insolvency Event shall have occurred with respect to Seller; or
Insolvency Event. SECTION 1.16. Owner. SECTION 1.17. Receipts. SECTION 1.18. Registrar. SECTION 1.19. Replacement.
Insolvency Event. An Insolvency Event shall have occurred with respect to a Seller Party or any Affiliate; or
Insolvency Event any Insolvency Event shall occur with respect to the Borrower or any of its Subsidiaries (other than an Immaterial Subsidiary); or
Insolvency Event. An Insolvency Event shall have occurred with respect to the Borrower or the Guarantor.
