Bankruptcy Event of Default definition

Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

Bankruptcy Event of Default means an Event of Default specified in Section 7.1(f).

Bankruptcy Event of Default has the meaning set forth in Section 7.1.

Examples of Bankruptcy Event of Default in a sentence

• For greater certainty, an affected Contracting Party cannot exercise its voluntary right to terminate this Agreement if an Exchange Failure to Deliver, Exchange Failure to Take, Exchange Failure to Pay or Exchange Default has occurred which, with the giving of notice or the lapse of time or both, would constitute an Unremedied Exchange Default or Exchange Bankruptcy Event of Default.

• A Bankruptcy Event of Default will result in the Notes being due and payable immediately upon the occurrence of such Bankruptcy Event of Default.

• Accordingly, the amounts due on early redemption may be lower than the Final Redemption Amount that would otherwise be due at maturity.If the Issuer is subject to a Bankruptcy Event of Default, to the extent that a competent bankruptcy official has been appointed in the context of the bankruptcy proceedings, such bankruptcy officer will replace the Disposal Agent and liquidate the Collateral in accordance with applicable legal and regulatory provisions.

• Prior to the payment of Interest on an Interest Date, Interest on this Note shall accrue at the Interest Rate and be payable by way of inclusion of the Interest in the Conversion Amount on each Conversion Date in accordance with Section 3(b)(i) or upon any redemption in accordance with Section 11 or any required payment upon any Bankruptcy Event of Default.

• Upon the occurrence of any Bankruptcy Event of Default, the aggregate outstanding principal amount of all loans made hereunder, all accrued interest thereon, and all other Credit Obligations shall immediately and automatically become due and payable.

More Definitions of Bankruptcy Event of Default

Bankruptcy Event of Default means any Event of Default pursuant to Sections 8.01(h) or (i).

Bankruptcy Event of Default means any Event of Default specified in Section 11.1(j) or (k).

Bankruptcy Event of Default means any Event of Default under Section 4(a)(viii) of the Note.

Bankruptcy Event of Default means, with respect to any Person, any of the following events or circumstances: (a) such Person shall (i) commence a voluntary case or other proceeding seeking (A) liquidation, reorganization, or other relief with respect to itself or its debts under any bankruptcy, insolvency, or similar law now or hereafter in effect or (B) the appointment of a trustee, receiver, liquidator, custodian, or other similar official of it or any substantial part of its assets, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, (ii) make a general assignment for the benefit of creditors, (iii) fail generally to pay its debts as they become due, or (iv) take any action to authorize any of the foregoing; or (b) if (i) an involuntary case or other proceeding shall be commenced against such Person seeking (A) liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or similar law now or hereafter in effect or (B) the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its assets, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty (60) days, or (ii) an order for relief shall be entered against such Person under the federal bankruptcy laws as now or hereafter in effect.

Bankruptcy Event of Default has the meaning assigned to such term in the Collateral Agency Agreement.

Bankruptcy Event of Default shall have the meaning set forth in the Note.

Bankruptcy Event of Default the occurrence of the event specified in Section 8(f) in respect of the Borrower.