Insolvency Event of Default definition

Insolvency Event of Default means any Insolvency Event which is also an Event of Default.

Insolvency Event of Default. With respect to the Series 20[ ]-[ ], any Event of Default specified in Sections 6.02(e) or (f).

Insolvency Event of Default means any of the events listed in limb (a) of the definition of Supplier Default;

Examples of Insolvency Event of Default in a sentence

• Upon the occurrence of an Insolvency Event of Default, the rights and obligations of the Defaulting Clearing Member arising from or in connection with its participation to the clearing system operated by LCH SA shall be governed exclusively by French law, and the law of the State where insolvency proceedings are initiated against the Defaulting Clearing Member will not interfere in this respect.

• Article 4.5.2.5Upon the occurrence of an Insolvency Event of Default, and without prejudice to the provisions of Article 4.5.2.2, LCH SA may in accordance with French law and the provisions of an Instruction: (i) transfer to another Clearing Member the Client Open Positions registered in the name of the Defaulting Clearing Member ; and/or(ii) liquidate the Open Positions registered in the name of the Defaulting Clearing Member.

• If an event or circumstance which would otherwise constitute or give rise to a Contractual Event of Default also constitutes an Insolvency Event of Default, it will be treated as an Insolvency Event of Default.

• Article 4.5.1.2If an event or circumstance which would otherwise constitute or give rise to a Contractual Event of Default also constitutes an Insolvency Event of Default, it will be treated as an Insolvency Event of Default.

• If positive, such Defaulting Clearing Member final net balance shall be remitted to the Defaulting Clearing Member and, if negative, shall be claimed by LCH SA from the Defaulting Clearing Member (subject to the application of any time bar requiring the filing of a provisional claim in the case of an Insolvency Event of Default).

More Definitions of Insolvency Event of Default

Insolvency Event of Default means any Insolvency Event which is also an Event of Default;

Insolvency Event of Default means items 4, 5 and 6 set forth in the definition of “Event of Default.”

Insolvency Event of Default. With respect to any Series, the meaning specified in the related Indenture Supplement.

Insolvency Event of Default means (a) prior to the Discharge of Senior Priority Obligations, an Event of Default which is continuing under Section 7.01(h) or (i) of the Senior Secured Credit Agreement or an equivalent insolvency event of default which is continuing under any Additional Senior Priority Debt Documents, (b) on or after the Discharge of Senior Priority Obligations but prior to the Discharge of the Second Priority Debt Obligations (if applicable), an event of default under an “insolvency” event of default which is continuing under any Second Priority Debt Documents and the relevant Representative has declared by written notice to the relevant Debtors that an “Insolvency or Liquidation Proceeding” has occurred and (c) on or after (x) the Discharge of Senior Priority Obligations and (y) the Discharge of Second Priority Debt Obligations, an event of default under an “insolvency” event of default which is continuing under any Senior Subordinated Priority Debt Documents and the relevant Representative has declared by written notice to the relevant Debtors that an “Insolvency or Liquidation Proceeding” has occurred.

Insolvency Event of Default as defined in subsection 2.16(a).

Insolvency Event of Default means the Event of Default specified in Section 7.1(11) of the Indenture.

Insolvency Event of Default means any one of the following events: