Examples of Issuer Insolvency Event in a sentence
If an Issuer Insolvency Event has occurred and is continuing, the Trustee may at any time, at its discretion, and shall if so directed in writing by Security Holders holding not less than 25 per cent.
Except following the service of an Issuer Enforcement Notice or the occurrence of an Issuer Insolvency Event, no mandatory redemption of the Principal Amount Outstanding under the Notes by the Issuer may occur during the Initial Period.
Therefore, there is no assurance that, over the life of the Notes or at the redemption date of the Notes (whether on maturity or upon redemption by acceleration of maturity upon the Representative of the Noteholders giving the Issuer an Issuer Enforcement Notice following the occurrence of an Event of Default or an Issuer Insolvency Event or otherwise), there will be sufficient funds to enable the Issuer to repay the Notes in full.
Prior to the service of an Issuer Enforcement Notice or the occurrence of an Issuer Insolvency Event, the Available Funds will be applied by the Issuer to make payments in accordance with the priority of payments set out in Condition 3.4 (Priority of Payments Prior to Enforcement) (the Pre- Enforcement Priority of Payments).
Lender shall have received a favorable opinion addressed to it from Airlease's general counsel and from Orrixx, Xxrrxxxxxx & Xutcxxxxx, xxecial counsel for Airlease.