Examples of Event of Bankruptcy in a sentence
It is agreed and understood that, if the Other Party does not elect to terminate this Agreement upon the occurrence of an Event of Bankruptcy, except as may otherwise be agreed with the trustee or receiver appointed to manage the affairs of the Bankrupt Party, the Other Party shall continue to make all payments required of it under this Agreement as if the Event of Bankruptcy had not occurred, and the Bankrupt Party shall not have the right to terminate any license granted herein.
The City shall have no obligation to disburse any financial assistance under this Agreement, including payment of the Incentive Grant Payment, if the following occurs prior to payment: (i) an Event of Bankruptcy or Insolvency occurs; or (ii) an Event of Default occurs with respect to the Developer that is not cured within the applicable period of notice and cure.
The occurrence of an Event of Bankruptcy or Insolvency of either party.