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

Each such Material Contract is enforceable against the Company or any of its Subsidiaries (as applicable) that is a party thereto and, to the Company’s Knowledge, each other party to such Material Contract in accordance with its terms (subject in each case to the Bankruptcy Exception).
The Transaction Documents, when executed and delivered by the Company, shall constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with their respective terms except as limited by the Bankruptcy Exception.
This Agreement has been duly executed Purchaser, and when delivered by Purchaser shall constitute the valid and legally binding obligation of Purchaser, enforceable against it in accordance with its terms, except as such 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 effect of any applicable bankruptcy, insolvency, reorganization, moratorium and similar Laws relating to or affecting creditors’ rights and remedies generally.

Bankruptcy Exception means the exception defined in Internal Revenue Code §

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