Examples of Insolvency Events in a sentence
Each Transaction Document to which the Servicer is a party constitutes a legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance with its respective terms, except as such enforceability may be limited by Insolvency Events and general principles of equity (whether considered in a suit at law or in equity).
In addition, either Verizon Signatory or Customer Signatory may terminate the Agreement immediately by written notice where, after expiry of all Service Commitments and/or Volume Commitment Periods, no Services have been provided under the Agreement for a continuous period exceeding three months, or (to the extent permitted by applicable law) if the other Party to the Agreement has experienced any of the Insolvency Events.
Each Transaction Document to which the Collateral Manager is a party constitutes a legal, valid and binding obligation of the Collateral Manager enforceable against the Collateral Manager in accordance with its respective terms, except as such enforceability may be limited by Insolvency Events and general principles of equity (whether considered in a suit at law or in equity).
Further provisions on when an insolvency practitioner must notify the Board in relation to an insolvent partnership are set out in the Pension Protection Fund (Insolvent Partnerships) (Amendment of Insolvency Events) Order 2005.
The Purchaser shall notify Technosoft immediately if it becomes subject to any Insolvency Events.