Examples of Bankruptcy or Insolvency Event in a sentence
Any Party may terminate this Agreement by giving not less than one hundred twenty (120) Business Days written notice to the other Parties; and this Agreement will terminate automatically, without notice or further action by any Party, upon a Bankruptcy or Insolvency Event.
Notwithstanding anything contained herein to the contrary, the balance of a Participant's Company Contribution Account shall become fully 13 vested and nonforfeitable upon the occurrence of a Change in Control Event or Bankruptcy or Insolvency Event affecting his Employer.
In the event that a Bankruptcy or Insolvency Event and a Trigger Event under clause (i) of the definition of Trigger Date occurs on the same date, then the Capital Infusion relating to such Trigger Event shall be fully satisfied as provided above prior to the making of a Capital Infusion pursuant to such Bankruptcy or Insolvency Event.
Notwithstanding the foregoing, the entire unpaid principal balance, any accrued interest, and all other amounts payable under this Note and the other Loan Document, shall without notice or demand and without the need for any action or election by Xxxxxx automatically become due and payable upon the occurrence of any Bankruptcy or Insolvency Event.
Notwithstanding the foregoing, the entire unpaid principal balance, any accrued interest, and all other amounts payable under this Note and the other Loan Document, shall without notice or demand and without the need for any action or election by Lender automatically become due and payable upon the occurrence of any Bankruptcy or Insolvency Event.