Bankruptcy Event of Default. Prior to the Conversion Date:
Bankruptcy Event of Default. With respect to the Notes, the following amendments shall have been deemed to have been made to Section 501 of the Base Indenture:
Bankruptcy Event of Default. It shall be an event of default hereunder with respect to a Party if such Party becomes insolvent, or generally does not pay its debts as they become due, or admits in writing its inability to pay its debts, or makes a general assignment for the benefit of creditors, or (a) if insolvency, receivership, reorganization or bankruptcy proceedings are commenced against any such party, and such proceedings are not dismissed within sixty (60) days, or (b) if insolvency, receivership, reorganization or bankruptcy proceedings are commenced by any such party.
Bankruptcy Event of Default. Immediately upon the occurrence of any Bankruptcy Event of Default, all Commitments shall, automatically and without notice to any Person, terminate, and all Obligations (other than Obligations under any Swap Agreements between a Credit Party and Administrative Agent or any Lender (or any of their respective Affiliates), all of which shall be due in accordance with and governed by the provisions of such Swap Agreements) shall, automatically and without notice to any Person, become immediately due and payable, without diligence, presentment, demand, protest, or notice of any kind, all of which are hereby waived by Credit Parties to the fullest extent permitted by Applicable Law, and at or subsequent thereto. (b)
Bankruptcy Event of Default. If an Event of Default shall have occurred as a result of the Seller becoming a debtor under the United States Bankruptcy Code, or subject to any other bankruptcy, insolvency, liquidation, reorganization, receivership or similar proceedings, whether under United States laws or otherwise ("Bankruptcy Proceedings"), the Guarantor agrees, consents and acknowledges that the Trust shall be entitled to enforce this Guaranty notwithstanding the pendency of Bankruptcy Proceedings respective the Seller, whether or not (i) the exercise of the Trust's rights and remedies against the Seller is stayed by operation of law, court order or otherwise, and (ii) the resulting Event of Default as against the Seller is void, voided, avoidable or otherwise not given effect due to the unenforceability of bankruptcy termination clauses or otherwise.
Bankruptcy Event of Default. Notwithstanding any provision to the contrary in this Agreement or any other Transaction Document, upon the occurrence of a Bankruptcy Event of Default, (a) all unutilized Construction Facility Commitments and Working Capital Facility Commitments shall forthwith terminate immediately and (b) all principal and accrued Debt Service in respect of the Obligations owed to each Secured Party shall be immediately due and payable without presentment, demand, protest or notice of any kind whatsoever. Immediately upon receipt of notice (or otherwise having actual knowledge) of the occurrence of any Bankruptcy Event of Default (and in accordance with any Remedies Instruction received pursuant to Section 5.3.1 or, with respect to the Working Capital Facility Collateral, in accordance with any written instruction received from the Working Capital Facility Administrative Agent pursuant to the Depositary Agreement), the Collateral Agents (acting solely at the direction of the Intercreditor Agent) and the Intercreditor Agent, as applicable, shall engage in Enforcement Action and exercise all available remedies.
Bankruptcy Event of Default. The foregoing will constitute Events of Default whatever the reason for any such Event of Default and whether it is voluntary or involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.
Bankruptcy Event of Default. Immediately upon the occurrence of any Bankruptcy Event of Default, all Obligations (including the Prepayment Premium, the Bridge Loan Fee and the Bridge Loan Extension Fee) shall, automatically and without notice to any Person, become immediately due and payable, without diligence, presentment, demand, protest, or notice of any kind, all of which are hereby waived by Credit Parties to the fullest extent permitted by Applicable Law, and at or subsequent thereto,
Bankruptcy Event of Default. Upon the occurrence of a Bankruptcy Event of Default,
Bankruptcy Event of Default. It shall be an event of default hereunder with respect to a Party hereto if such Party (and, in the case of Seller, if Composite Technology Corporation) becomes insolvent, or generally does not pay its debts as they become due, or admits in writing its inability to pay its debts, or makes a general assignment for the benefit of creditors, or if insolvency, receivership, reorganization or bankruptcy proceedings are commenced by or against such Party (or, in the case of Seller, against Composite Technology Corporation).
