Liquidity Impairment Limitation Language. (i) Save as set out in this paragraph (d), the Holders, Trustee and/or Notes Collateral Agent shall not enforce, and any German Note Guarantor shall have a defence (Einrede) against, any Limited Upstream Obligation if and to the extent a payment and/or enforcement in respect of a Limited Upstream Obligation would cause a Liquidity Impairment for such German Note Guarantor.
Appears in 2 contracts
Samples: INVACARE HOLDINGS Corp, INVACARE HOLDINGS Corp
Liquidity Impairment Limitation Language. (i) Save as set out in this paragraph (dSection 11.03(a)(4), the Holders, Trustee and/or Notes Collateral Agent shall not enforce, and any German Note Guarantor shall have a defence (Einrede) against, any Limited Upstream Obligation if and to the extent a payment and/or enforcement in respect of a Limited Upstream Obligation would cause a Liquidity Impairment for such German Note Guarantor.
Appears in 1 contract
Liquidity Impairment Limitation Language. (i) Save as set out in this paragraph (d), the Holders, Trustee and/or Notes Collateral Agent Secured Parties shall not enforce, and any German Note Guarantor shall have a defence (Einrede) against, any Limited Upstream Obligation if and to the extent a payment and/or enforcement in respect of a Limited Upstream Obligation would cause a Liquidity Impairment for such German Note Guarantor.
Appears in 1 contract
Samples: Credit Agreement (Invacare Corp)
