Applicable Bankruptcy Case definition

Applicable Bankruptcy Case means the Bankruptcy Case or any other bankruptcy proceeding of any Person or entity which has a direct or indirect ownership interest in the Casino Land and/or the Traymore Land (including without limitation ACE Hi or ACE Lo).
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Applicable Bankruptcy Case has the meaning set forth in Section 7.7 hereof. “Applicable Percentage” has the meaning set forth in Section 8.5(b) hereof. “Appraised Value With Carry” means, with respect to the withdrawal of the Interest of any Limited Partner other than the General Partner pursuant to Section 9.7, a price equal to the value of such Interest (inclusive of the effect of any potential Carried Interest payments to the General Partner) determined on the assumption that the Investments were sold for their Fair Market Value For Appraised Value and the proceeds therefrom were distributed to the Partners in accordance with this Agreement after credit or debit, as the case may be, for the amount of the Partnership’s other assets and liabilities determined in accordance with generally accepted accounting principles.
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Examples of Applicable Bankruptcy Case in a sentence

  • In addition to the foregoing, the obligation of the Subscriber to make Drawdown Purchases shall, to the fullest extent permitted by applicable law, survive any dissolution of the Company whether such dissolution may result from any Applicable Bankruptcy Case, from an event of default under the terms of the indebtedness of the Company or otherwise and shall be fully enforceable against the Subscriber notwithstanding such dissolution until such obligation shall have been repaid in full.

  • In addition to the foregoing, the obligation of the Purchaser to make Capital Contributions to the Fund shall survive any dissolution of the Fund whether such dissolution may result from any Applicable Bankruptcy Case, from an event of default under the terms of the indebtedness of the Fund or otherwise and shall be fully enforceable against the Purchaser notwithstanding such dissolution until such obligation shall have been repaid in full.

Related to Applicable Bankruptcy Case

  • Bankruptcy Case has the meaning assigned to such term in Section 2.05(b).

  • Bankruptcy Cases has the meaning set forth in the Recitals.

  • Chapter 11 Case has the meaning set forth in the Recitals.

  • U.S. Bankruptcy Court means the United States Bankruptcy Court for the Southern District of New York.

  • Local Bankruptcy Rules means the Local Rules of Bankruptcy Practice and Procedure of the United States Bankruptcy Court for the District of Delaware.

  • Initial Bankruptcy Coverage Amount $100,000.

  • Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.

  • U.S. Bankruptcy Code means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.

  • Chapter 11 Cases means (a) when used with reference to a particular Debtor, the case pending for that Debtor under chapter 11 of the Bankruptcy Code in the Bankruptcy Court and (b) when used with reference to all the Debtors, the procedurally consolidated chapter 11 cases pending for the Debtors in the Bankruptcy Court.

  • Chapter 11 means Chapter 11 of the Bankruptcy Code.

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.

  • Bankruptcy Proceeding means any case, action or proceeding before any court or other Governmental Authority relating to any Bankruptcy Event.

  • COVID-19 case means a person who:

  • Petition Date has the meaning set forth in the Recitals.

  • United States Bankruptcy Code means the Bankruptcy Reform Act of 1978, as amended and as codified in Title 11 of the United States Code, as amended from time to time hereafter, or any successor federal bankruptcy law.

  • DIP means debtor-in-possession.

  • Final DIP Order means the final order of the Bankruptcy Court setting forth the terms of debtor-in-possession financing and use of cash collateral, which shall be consistent with and approve entry into the Senior DIP Facility Documents, the Junior DIP Term Sheet, and the Junior DIP Facility Documents.

  • Federal Bankruptcy Code means Title 11 of the United States Code entitled “Bankruptcy,” as amended and any successor statute thereto.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Performing Second Lien Bank Loans means Second Lien Bank Loans which are Performing.

  • Interim DIP Order means an interim order of the Bankruptcy Court approving the Loans, this Agreement and the other Loan Documents on an interim basis, which order shall be substantially in the form attached hereto as Annex C (or in form and substance acceptable to the Required DIP Lenders).

  • DIP Motion means a motion to be filed by the Debtors with the Bankruptcy Court seeking Bankruptcy Court approval of the DIP Facility, which motion shall be consistent in all material respects with this Agreement and otherwise in form and substance reasonably acceptable to the Requisite Parties.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • DIP Order means the Interim Order and/or the Final Order, as applicable.

  • Final Order means an order or judgment of a court of competent jurisdiction that has been entered on the docket maintained by the clerk of such court, which has not been reversed, vacated or stayed and as to which (a) the time to appeal, petition for certiorari, or move for a new trial, reargument or rehearing has expired and as to which no appeal, petition for certiorari, or other proceedings for a new trial, reargument or rehearing shall then be pending, or (b) if an appeal, writ of certiorari, new trial, reargument or rehearing thereof has been sought, such order or judgment shall have been affirmed by the highest court to which such order was appealed, or certiorari shall have been denied, or a new trial, reargument or rehearing shall have been denied or resulted in no modification of such order, and the time to take any further appeal, petition for certiorari or move for a new trial, reargument or rehearing shall have expired; provided, however, that no order or judgment shall fail to be a “Final Order” solely because of the possibility that a motion pursuant to section 502(j) or 1144 of the Bankruptcy Code or under Rule 60 of the Federal Rules of Civil Procedure or Bankruptcy Rule 9024 has been or may be filed with respect to such order or judgment.

  • Second Lien Bank Loan means a Bank Loan that is entitled to the benefit of a second lien and second priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.