Bankruptcy Exceptions definition

Bankruptcy Exceptions has the meaning set forth in Section 2.2(d)(i).
Bankruptcy Exceptions means the exception to the recognition of COD Income under section 108(a)(l)(A) of the Tax Code when a taxpayer discharging indebtedness is under the jurisdiction of a court in a case under title 11 of the Bankruptcy Code and when the discharge is granted, or is effected pursuant to a plan approved, by a United States Bankruptcy Court.

Examples of Bankruptcy Exceptions in a sentence

  • This Agreement is a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, subject to the Bankruptcy Exceptions.

  • This Agreement is a valid and binding obligation of the Credit Union enforceable against the Credit Union in accordance with its terms, subject to the Bankruptcy Exceptions.

  • The Warrant has been duly authorized and, when executed and delivered as contemplated hereby, will be the legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, subject to Bankruptcy Exceptions.

  • If you are unable to get indoors to a location where you can stay warm, leave the extremity frozen until definitive medical care can be instituted.

  • Each Loan Document has been duly and validly executed and delivered by each Loan Party and constitutes, or when executed and delivered, will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, subject to the Bankruptcy Exceptions.


More Definitions of Bankruptcy Exceptions

Bankruptcy Exceptions means the extent to which enforcement of an agreement, instrument or other document: (a) may be limited by bankruptcy, insolvency (including all laws relating to fraudulent transfers), reorganization, moratorium or similar laws affecting the enforcement of creditorsrights generally; and (b) is subject to general principles of equity (regardless of whether enforcement is considered in a proceeding in equity or at law).
Bankruptcy Exceptions shall have the meaning set forth in Section 2.1(c).
Bankruptcy Exceptions means (i) as a result of Sellers operating as debtors in possession under the Bankruptcy Code, (a) Sellers’ inability to maintain the services of their officers or other employees, including the possibility that a substantial number of Sellers’ employees have left, or will leave, their positions, and (b) vendors and counterparties of Sellers failing to continue to perform their obligations to Sellers, and (ii) any limitation or obligation imposed on Sellers by Order of the Bankruptcy Court or the DIP Financing Agreements.
Bankruptcy Exceptions has the meaning set forth in Section 3.2.
Bankruptcy Exceptions has the meaning set forth in Section 4.02(a).
Bankruptcy Exceptions shall have the meaning set forth in Section 4.2(a) hereof.