Common use of US Insolvency Proceedings Clause in Contracts

US Insolvency Proceedings. “subordination agreement”6 If any Debtor commences a US Insolvency Proceeding, then this Agreement, which the Parties hereto expressly acknowledge is a “subordination agreement” under section 510(a) of the US Bankruptcy Code, shall be effective during the US Insolvency Proceeding of any such Debtor.

Appears in 5 contracts

Samples: Senior Facilities Agreement (Liberty Global PLC), Additional Facility T Accession Deed (Liberty Global PLC), Additional Facility S Accession Deed (Liberty Global PLC)

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US Insolvency Proceedings. “subordination agreement”6 agreement”23 If any Debtor commences a US Insolvency Proceeding, then this Agreement, which the Parties hereto expressly acknowledge is a “subordination agreement” under section 510(a) of the US Bankruptcy Code, shall be effective during the US Insolvency Proceeding of any such Debtor.

Appears in 1 contract

Samples: Senior Facilities Agreement (Liberty Global PLC)

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