Common use of Notice of Insolvency Event Clause in Contracts

Notice of Insolvency Event. As soon as practicable following the occurrence of an Insolvency Event or any event that with the giving of notice or the passage of time or both would be an Insolvency Event, EMS LP and the Company shall give written notice thereof to the Trustee. As soon as practicable following the receipt of notice from EMS LP and the Company of the occurrence of an Insolvency Event, or upon the Trustee becoming aware of an Insolvency Event, the Trustee will mail to each Beneficiary, at the expense of the Company (such funds to be received in advance), a notice of such Insolvency Event in the form provided by the Company, which notice shall contain a brief statement of the rights of the Beneficiaries with respect to the Exchange Right.

Appears in 2 contracts

Samples: Voting and Exchange Trust Agreement (Emergency Medical Services CORP), Voting and Exchange Trust Agreement (STAT Healthcare, Inc.)

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Notice of Insolvency Event. As soon as practicable following the occurrence of an Insolvency Event or any event that with the giving of notice or the passage of time or both would be an Insolvency Event, EMS LP Canco and the Company Acquiror shall give written notice thereof to the Trustee. As soon as practicable following the receipt of notice from EMS LP Canco and the Company Acquiror of the occurrence of an Insolvency Event, or upon the Trustee becoming aware of an Insolvency Event, the Trustee will mail to each Beneficiary, at the expense of the Company Acquiror (such funds to be received in advance), a notice of such Insolvency Event in the form provided by the CompanyAcquiror, which notice shall contain a brief statement of the rights of the Beneficiaries with respect to the Exchange Right.

Appears in 1 contract

Samples: Acquisition Agreement (Nabors Industries Inc)

Notice of Insolvency Event. As soon as practicable following the occurrence of an Insolvency Event or any event that with the giving of notice or the passage of time or both would be an Insolvency Event, EMS LP Canco and the Company Acquirer shall give written notice thereof to the Trustee. As soon as practicable following the receipt of notice from EMS LP Canco and the Company Acquirer of the occurrence of an Insolvency Event, or upon the Trustee becoming aware of an Insolvency Event, the Trustee will mail to each Beneficiary, at the expense of the Company Acquirer (such funds to be received in advance), a notice of such Insolvency Event in the form provided by the CompanyAcquirer, which notice shall contain a brief statement of the rights of the Beneficiaries with respect to the Exchange Right.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Canwest Petroleum Corp)

Notice of Insolvency Event. As soon as practicable following the occurrence of an Insolvency Event or any event that with the giving of notice or the passage of time or both would be an Insolvency Event, EMS LP Company and the Company Parent shall give written notice thereof to the Trustee. As soon as practicable following the receipt of notice from EMS LP and the Company or Parent of the occurrence of an Insolvency Event, or upon the Trustee becoming aware of an Insolvency Event, the Trustee will mail to each Beneficiary, at the expense of the Company Parent (such funds to be received in advance), a notice of such Insolvency Event in the form provided by the CompanyParent, which notice shall contain a brief statement of the rights of the Beneficiaries with respect to the Exchange Right.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Divine Inc)

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Notice of Insolvency Event. As soon as practicable following the occurrence of an Insolvency Event or any event that with the giving of notice or the passage of time or both would be an Insolvency Event, EMS LP Exchangeco and the Company AMVESCAP shall give written notice thereof to the Trustee. As soon as practicable following the receipt of notice from EMS LP Exchangeco and the Company AMVESCAP of the occurrence of an Insolvency Event, or upon the Trustee becoming aware of an Insolvency Event, the Trustee will mail to each Beneficiary, at the expense of the Company AMVESCAP (such funds to be received in advance), a notice of such Insolvency Event in the form provided by the CompanyAMVESCAP, which notice shall contain a brief statement of the rights of the Beneficiaries with respect to the Automatic Exchange Right.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Amvescap PLC/London/)

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