Debtor Termination Event definition

Debtor Termination Event has the meaning ascribed to such term in Section 5(b).
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Debtor Termination Event means the occurrence of any of the following events:
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Debtor Termination Event and “Ally Termination Event,” wherever used in this Agreement, mean a breach of any material provision of this Agreement or the RMBS Trust Settlement Agreement by Consenting Claimants, whatever the reason for such Termination Event and whether it is voluntary or involuntary.
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Examples of Debtor Termination Event in a sentence

  • Upon the occurrence of a Debtor Termination Event or an Ally Termination Event, this Agreement shall automatically terminate without further action of the Parties or action or order of the Bankruptcy Court unless no later than five (5) business days after the occurrence of such Termination Event, the occurrence of such Termination Event is waived in writing by the Debtors or Ally, respectively.

  • Upon written notice (the “Debtor Termination Notice”) from the Debtors delivered in accordance with Section 17 hereof, the Debtors may terminate this Agreement, at any time after the occurrence, and during the continuation of, any Debtor Termination Event.

  • Upon the occurrence of any of Debtor Termination Event, the termination of this Restructuring Term Sheet shall be effective upon (i) written notice being provided to the Existing Agent by the Debtors; and (ii) such breach (if applicable) remaining uncured for at least ten (10) days following the Existing Agent’s receipt of such notice.

  • This Agreement and the obligations of all Parties hereunder shall terminate two (2) business days after the giving of notice in accordance with Section 25 hereof by the Debtors to the other Parties of the occurrence and continuation of any Debtor Termination Event.

  • Unless a Debtor Termination Event hasoccurred, no party may oppose or contest the entry of the SCB Termination Order except on the ground that a SCB Termination Event has not occurred.

  • Section 11 of the RSA provides that, even if the Debtors validly terminate the RSA following a Debtor Termination Event, the Restructuring Support Parties will retain any claim for breach occurring prior to such termination.

  • Architectural Drawings:HECO declined to make architectural drawings available for review for this report.


More Definitions of Debtor Termination Event

Debtor Termination Event means (i) a breach by the Committee of any of its obligations under Sections 2 or 5 hereof, (ii) a breach by the Supporting Noteholders of any of their obligations under Sections 3 or 5 hereof or (iii) if the 2018 Note Indenture Trustee were to (a) fail to withdraw the 2018 Note Indenture Trustee All Trade Objection within two (2) Business Days of the Support Commencement Date or (b) take any 2018 Note Indenture Trustee Adverse Action.
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Debtor Termination Event has the meaning set forth in Section 7.03(a).
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Debtor Termination Event means the Backstop Parties breach any of their material obligations under the Backstop Commitment Agreement, subject to applicable cure periods provided for therein. (c) “Mutual Backstop Termination Event” shall mean the occurrence of any of the following: (i) The Outside Date shall have occurred, unless prior thereto all of the Conditions Precedent are satisfied or waived by the Requisite Backstop Parties and the Debtors; (ii) the Disclosure Statement Order, Confirmation Order, or BCA Order is reversed, stayed, dismissed or vacated or is modified or amended without the Requisite Backstop Parties’ prior written consent not to be unreasonably withheld, delayed or conditioned; or
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Debtor Termination Event means the Backstop Parties breach any of their material obligations under the Backstop Commitment Agreement, subject to applicable cure periods provided for therein.
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Related to Debtor Termination Event

  • Servicer Termination Event shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or at any time that the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, any analogous concept under the servicing agreement pursuant to which the Mortgage Loan is being serviced in accordance with the terms of this Agreement.

  • Potential Termination Event means an event which, but for the lapse of time or the giving of notice or both, would constitute a Termination Event.

  • Termination Event means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional Termination Event.

  • Servicer Termination Notice Defined in Section 6.15.

  • Series Termination Date means, with respect to any Series, the termination date for such Series specified in the related Supplement.

  • Term SOFR Transition Event means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.14 that is not Term SOFR.