Further assurance – Insolvency Event Sample Clauses

Further assurance – Insolvency Event. Each Creditor will:
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Further assurance – Insolvency Event. (c) in payment or distribution to the Creditor Representatives in respect of any Super Senior Liabilities on its own behalf and on behalf of the Super Senior Creditors for which it is the Creditor Representative for application towards the discharge of:
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Further assurance – Insolvency Event. (d) in payment or distribution pro rata to the relevant Pari Passu Creditor Representative (or Creditor if the Creditor is not represented by an agent, trustee or nominee)) on its own behalf and on behalf of the other Pari Passu Creditors for application towards the discharge of the Pari Passu Liabilities (in accordance with the terms of the Pari Passu Debt Documents);
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Further assurance – Insolvency Event. Each Creditor will (a) do all things that the Security Agent (acting in accordance with Section 10.6) reasonably requests in order to give effect to this Section 10 and (b) if the Security Agent is not entitled to take any of the actions contemplated by this Section 10 or if the Security Agent (acting in accordance with Section 10.6) reasonably requests that a Creditor take that action, undertake such action in accordance with the instructions of the Security Agent (acting reasonably and in accordance with Section 10.6) or grant a power of attorney to the Security Agent (on such terms as the Security Agent (acting in accordance with Section 10.6) may reasonably require) to enable the Security Agent to take such action.
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Related to Further assurance – Insolvency Event

  • Further Assurances, etc The Grantor agrees that, from time to time at its own expense, it will promptly execute and deliver all further instruments and documents, and take all further action, that may be necessary or desirable, or that the Collateral Agent may request, in order to perfect, preserve and protect any security interest granted or purported to be granted hereby or to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Without limiting the generality of the foregoing, the Grantor will

  • Insolvency Event An “Insolvency Event” occurs if the Company institutes proceedings to be adjudicated as bankrupt or insolvent, consents to the institution of bankruptcy or insolvency proceedings against it, files a petition or answer or consent seeking reorganization or relief under any applicable law in respect of bankruptcy or insolvency, consents to the filing of any petition of that kind or to the appointment of a receiver, liquidator, assignee, trustee, custodian or sequestrator (or other similar official) of it or any substantial part of its property or makes an assignment for the benefit of creditors, or if information becomes publicly available indicating that unsecured claims against the Company are not expected to be paid.

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