Common use of Notice of Insolvency Event Clause in Contracts

Notice of Insolvency Event. Immediately upon the occurrence of an Insolvency Event or any event which with the giving of notice or the passage of time or both would be an Insolvency Event, the Corporation shall give written notice thereof to the Trustee and ParentCo. As soon as practicable after receiving notice from the Corporation of the occurrence of an Insolvency Event, the Trustee will mail to each Holder, at the expense of ParentCo, a notice of such Insolvency Event in the form provided by ParentCo, which notice shall contain a brief statement of the right of the Holders with respect to the Exchange Right.

Notice of Insolvency Event. Immediately upon As soon as practicable following the occurrence of an Insolvency Event or any event which that with the giving of notice or the passage of time or both would be an Insolvency Event, the Corporation shall ExchangeCo and Parent will give written notice thereof to the Trustee and ParentCo. As soon as practicable after receiving notice from the Corporation each of the occurrence of an Insolvency Event, the Trustee will mail to each Holder, at the expense of ParentCo, a notice of such Insolvency Event in the form provided by ParentCoShareholders, which notice shall will contain a brief statement of the right rights of the Holders Shareholders with respect to the Exchange Right.

Notice of Insolvency Event. Immediately upon the occurrence of an Insolvency Event or any event which with the giving of notice or the passage of time or both would be an Insolvency Event, the Corporation and the Parent shall give written notice thereof to the Trustee and ParentCoTrustee. As soon as practicable after receiving notice from the Corporation and the Parent or from any other person of the occurrence of an Insolvency Event, the Trustee will mail to each HolderBeneficiary, at the expense of ParentCothe Parent, a notice of such Insolvency Event in the form provided by ParentCoEvent, which notice shall contain a brief statement of the right of the Holders Beneficiaries with respect to the Exchange Right.