Common use of Notice of Insolvency Event Clause in Contracts

Notice of Insolvency Event. Immediately upon the occurrence of an Insolvency Event or any event which with the giving of notice or the passage of time or both would be an Insolvency Event, the Purchaser and the Parent shall give written notice thereof to the Trustee and the Shareholders, which notice shall contain a brief statement of the right of the Shareholders with respect to the Insolvency Exchange Right.

Notice of Insolvency Event. Immediately upon the occurrence of an Insolvency Event or any event which with the giving of notice or the passage of time or both would be an Insolvency Event, the Purchaser and Corporation and/or the Parent Parent, as the case may be, shall give written notice thereof to the Trustee and the ShareholdersHolder, which notice shall contain a brief statement of the right of the Shareholders Holder with respect to the Insolvency Exchange Right.

Notice of Insolvency Event. Immediately upon As soon as practicable following the occurrence of an Insolvency Event or any event which that with the giving of notice or the passage of time or both would be an Insolvency Event, the Purchaser and the Parent Company shall give written notice thereof to Parent and shall mail to each Beneficiary a notice of such Insolvency Event in the Trustee and the Shareholdersform provided by Parent, which notice shall contain a brief statement of the right rights of the Shareholders Beneficiaries with respect to the Insolvency Exchange Right.

Notice of Insolvency Event. Immediately upon the occurrence of an Insolvency Event or any event which with the giving of notice or the passage of time or both would be an Insolvency Event, the Purchaser Mergeco and the Parent shall give written notice thereof to the Trustee and the Shareholders, which notice shall contain a brief statement of the right of the Shareholders with respect to the Insolvency Exchange Right.

Notice of Insolvency Event. Immediately upon the occurrence of an Insolvency Event or any event which with the giving of notice or the passage of time or both would be an Insolvency Event, the Purchaser and the Parent shall give written notice thereof to the Trustee and the Shareholders, which notice shall contain a brief statement of the right of the Shareholders with respect to the Insolvency Exchange Right.

Notice of Insolvency Event. Immediately upon the occurrence of an Insolvency Event or any event which that with the giving of notice or the passage of time or both would be an Insolvency Event, the Purchaser Corporation and the Parent shall give written notice thereof to each Non-Affiliated Holder of the Trustee Preferred Shares and to the ShareholdersTrustee, which notice shall contain a brief statement of the right rights of the Shareholders Non-Affiliated Holders with respect to the Insolvency Exchange Right.