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, Exchangeco and Parent shall give written notice thereof to the Agent. As soon as practicable following the receipt of notice from Exchangeco and Parent of the occurrence of an Insolvency Event, or upon the Agent becoming aware of an Insolvency Event, the Agent will mail to each Beneficiary, at the expense of Parent, a notice of such Insolvency Event, which notice shall contain a brief statement of the rights of the Beneficiaries with respect to the Exchange Right.

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, Exchangeco and Parent shall give written notice thereof to the Agent. As soon as practicable following the receipt of notice from Exchangeco and Parent of the occurrence of an Insolvency Event, or upon the Agent becoming aware of an Insolvency Event, the Agent will mail to each BeneficiaryVendor, at the expense of Parent, a notice of such Insolvency Event, which notice shall contain a brief statement of the rights of the Beneficiaries Vendors with respect to the Ancillary Rights. Voting And Exchange Right.Agency Agreement

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, Exchangeco and Parent Apta shall give written notice thereof to the Agent. As soon as practicable following the receipt of notice from Exchangeco and Parent Apta of the occurrence of an Insolvency Event, or upon the Agent becoming aware of an Insolvency Event, the Agent will mail to each Beneficiary, at the expense of ParentApta, a notice of such Insolvency Event, which notice shall contain a brief statement of the rights of the Beneficiaries with respect to the Exchange Right.