Common use of Subordination in Bankruptcy Clause in Contracts

Subordination in Bankruptcy. Upon any distribution of assets in connection with any dissolution, winding up, liquidation or reorganization of the Borrower (whether in bankruptcy, insolvency or receivership proceedings or otherwise) or upon an assignment for the benefit of creditors of the Borrower:

Appears in 4 contracts

Samples: Subordination and Share Retention Agreement, Accession Agreement (Central Puerto S.A.), Guarantee and Sponsor Support Agreement (Central Puerto S.A.)

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