Examples of Debtor in bankruptcy in a sentence
To the extent that any bank requires the Debtor to execute other forms, applications, or other documents for a PPP loan that include any language about whether the Debtor is involved in bankruptcy, the Debtor is authorized to strike the portion of such language about involvement in bankruptcy and the Restraining Parties shall process the forms, applications, or other documents without any consideration of the involvement of the Debtor in bankruptcy.
The Restrained Parties shall consider the application submitted by the Debtor and fully implement all aspects of the PPP program with respect to the Debtor without any consideration of the involvement of the Debtor in bankruptcy.
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Each Subordinated Lender shall agree that, until the indefeasible payment in full of the Senior Debt Obligations, it will not, whether or not any default shall exist under any Transaction Document, (a) commence any proceeding against the Debtor in bankruptcy, insolvency or receivership, (b) take any collateral security, guaranty or other assurance for the Subordinated Debt or (c) otherwise exercise any remedy for the recovery of any Subordinated Debt.
To that end, and not in derogation of any of the Commission's regulatory authority over the License, Debtor hereby acknowledges that the Commission has a first security interest in the Collateral, and Debtor shall not dispute such first security interest, or the Commission's rights as a secured party hereunder, in any legal or equitable proceeding in which Debtor, or any assignee or trustee of the estate of Debtor in bankruptcy, is a party.