Effect of Insolvency Event. (a) If any of the Grantor, GFN Finance or GFN USA Holdings is wound up or bankrupted, the Grantor irrevocably authorises the Secured Party to:
Effect of Insolvency Event. Subordination
Effect of Insolvency Event. 37.1 Acceleration and claim After the occurrence of an Insolvency Event in relation to an Obligor, each Creditor shall be entitled (if it has not already done so) to exercise any right it may otherwise have in respect of that Obligor to:
Effect of Insolvency Event. (a) If a Insolvency Event has occurred in relation to a Relevant Person, any amount paid by that Relevant Person (as the case may be) (the "relevant payment") will only be applied against any Secured Money if:
Effect of Insolvency Event. (a) Without limitation to Clause 12.21 (Turnover of Receipts), after the occurrence of an Insolvency Event in relation to the Parent, each of the Unsecured Convertible Notes Creditors shall, to the extent it is entitled to do so, direct the person responsible for the distribution of the assets of the Parent to make that distribution to the Common Security Agent (or to such other person as the Common Security Agent shall direct) until the Liabilities owing to the Secured Parties have been paid in full.
Effect of Insolvency Event. 10.1 RCF Cash Cover This Clause 10 is subject to Clause 15.3 (Treatment of RCF Cash Cover and Revolving Facility Cash Collateral).
Effect of Insolvency Event. 8.1 Acceleration and claim After the occurrence of an Insolvency Event in relation to any Obligor, each Senior Lender or Hedging Bank shall be entitled (if it has not already done so) to (and, if so directed by the Agent, each Subordinated Lender shall) exercise any right it may have in respect of that Obligor to:
Effect of Insolvency Event. 9.1 Revolving Cash Cover This Clause 9 is subject to Clause 14.4 (Treatment of Revolving Cash Cover) and, in the case of a Notes Trustee only, to Clause 26.1 (Liability).
Effect of Insolvency Event. Upon the occurrence of any Insolvency Event on or before the Discharge Date:
Effect of Insolvency Event
