Bankruptcy Exception definition

Bankruptcy Exception means, in respect of any agreement, contract, commitment or obligation, any limitation thereon imposed by any bankruptcy, insolvency, fraudulent conveyance, reorganization, receivership, moratorium or similar Law affecting creditors’ rights and remedies generally and, with respect to the enforceability of any agreement, contract, commitment or obligation, by general principles of equity, including principles of commercial reasonableness, good faith and fair dealing, regardless of whether enforcement is sought in a proceeding at Law or in equity.

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Bankruptcy Exception shall have the meaning ascribed thereto in Section 4.1(b).

Bankruptcy Exception has the meaning set forth in Section 3.3.

Examples of Bankruptcy Exception in a sentence

• This Agreement has been, and the other agreements and documents contemplated hereby, have been or at Closing shall be, duly executed by Parent, and each constitutes the legal, valid and binding obligation of Parent, enforceable in accordance with its respective terms and conditions, except as enforceability may be limited by the Bankruptcy Exception.

• All such policies (a) are valid, outstanding and enforceable according to their terms, subject to the Bankruptcy Exception, and (b) are presently in full force and effect, no notice has been received of the cancellation, or, to the Company’s Knowledge, threatened or proposed cancellation, of any such policy and there are no unpaid premiums due thereon.

• This Agreement has been, and the other agreements and documents contemplated hereby, have been or at Closing shall be, duly executed by the Company, and each constitutes the legal, valid and binding obligation of the Company, enforceable in accordance with its respective terms and conditions, except as enforceability may be limited by the Bankruptcy Exception.

More Definitions of Bankruptcy Exception

Bankruptcy Exception means the limitation on enforceability imposed by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws of general application relating to or affecting the enforcement of the rights of creditors or by equitable principles, whether enforcement is sought in equity or at law.

Bankruptcy Exception has the meaning set forth in Section 6.1(a).

Bankruptcy Exception has the meaning set forth in Section 2.2(a).

Bankruptcy Exception means the exception defined in Internal Revenue Code §

Bankruptcy Exception means the effect of any applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws relating to or affecting creditors’ rights and remedies generally.

Bankruptcy Exception means applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar Laws now or hereafter in effect relating to creditors’ rights generally and general principles of equity (regardless of whether enforceability is considered in a proceeding at Law or in equity).

Bankruptcy Exception means all applicable bankruptcy, insolvency and similar laws affecting creditors' rights generally.