Examples of Bankruptcy Event of Default in a sentence
For greater certainty, an affected Contracting Party cannot exercise its voluntary right to terminate this Agreement if an Exchange Failure to Deliver, Exchange Failure to Take, Exchange Failure to Pay or Exchange Default has occurred which, with the giving of notice or the lapse of time or both, would constitute an Unremedied Exchange Default or Exchange Bankruptcy Event of Default.
Accordingly, the amounts due on early redemption may be lower than the Final Redemption Amount that would otherwise be due at maturity.If the Issuer is subject to a Bankruptcy Event of Default, to the extent that a competent bankruptcy official has been appointed in the context of the bankruptcy proceedings, such bankruptcy officer will replace the Disposal Agent and liquidate the Collateral in accordance with applicable legal and regulatory provisions.
Should a Bankruptcy Event of Default occur, we shall be deemed to have exercised our rights under clause 21.2 immediately before the time of the occurrence of the Bankruptcy Event of Default.
Should a Bankruptcy Event of Default occur we shall be deemed to have exercised our rights under clause 20.2 immediately before the time of the occurrence of the Bankruptcy Event of Default.
If the grace period is retained in the Bankruptcy Event of Default under Section 5(a)(vii)(4), the Secured Party would not be able to dispose of the Collateral in the event Rehabilitation Proceedings are commenced during the grace period.