Examples of Bankrupt Party in a sentence

If the Bankrupt Party fails to comply with its foregoing obligations, the non-Bankrupt Party shall be entitled to request the bankruptcy court to reject the Agreement, declare the Agreement terminated and pursue any other recourse available to the non-Bankrupt Party under this Article 11.
The Bankrupt Party shall file an appropriate action within the bankruptcy court to seek assumption or rejection of the Agreement within sixty (60) days of the institution of the bankruptcy filing and shall diligently prosecute such action.
If the Bankrupt Party fails to comply with the foregoing obligations listed in clauses ii.
If either Owner or Design-Builder institutes or has instituted against it a case under the United States Bankruptcy Code (such party being referred to as the "Bankrupt Party"), such event may impair or frustrate the Bankrupt Party's ability to perform its obligations under the Contract Documents.
All rights, powers and remedies of the non-Bankrupt Party provided herein are in addition to and not in substitution for any and all other rights, powers and remedies now or hereafter existing at law or in equity (including, without limitation, Title 11) in the event of the commencement of a Title 11 case by or against the Bankrupt Party.

More Definitions of Bankrupt Party

Bankrupt Party has the meaning set forth in Section 10.3.2.

Bankrupt Party has the meaning set forth in Section 9.2.3(c).

Bankrupt Party has the meaning set forth in Section 11.4 (Bankruptcy and Section 365(n)).

Bankrupt Party shall have the meaning ascribed to such term in Section 10.2(b).

Bankrupt Party has the meaning ascribed to it in Clause 18.3(A).

Bankrupt Party shall have the meaning given to it in Section 16.2(c).