Avoided Payments definition

Avoided Payments. As defined in the Certificate Insurance Policy.

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Avoided Payments has the meaning set forth in Section 2.4(e)(vii).

Avoided Payments has the meaning specified therefor in Section 2.05(c)(vii).

Examples of Avoided Payments in a sentence

• For the avoidance of doubt, after the payment in full of such amount under this Section 3.7(c), the Subordination Agent shall have no right to make any further Policy Drawings under this Section 3.7(c) in respect of any Disposition of or in respect of such Equipment Note except for Avoided Payments as provided in Section 3.7(e).

• For the avoidance of doubt, after the payment in full of such amount under this Section 3.6(c), the Subordination Agent shall have no right to make any further Policy Drawings under this Section 3.6(c) except for Avoided Payments as provided in Section 3.6(f).

• This Security Agreement shall continue in effect, and the security interest granted hereby, the duties, covenants and liabilities of the Obligors hereunder and all the terms, conditions and provisions hereof shall continue to be fully operative until all of the Secured Obligations, including any Avoided Payments, have been paid in full.

• Any termination of this Insurance Agreement will be effective only upon the delivery to the Surety Provider of the Surety Bonds, whereupon the Surety Bonds will be canceled and the Surety Provider's liability thereunder will cease except as specified therein with respect to Avoided Payments.

• This Security Agreement shall continue in effect, and the security interest granted hereby, the duties, covenants and liabilities of Grantor hereunder and all the terms, conditions and provisions hereof shall continue to be fully operative until all of the Secured Obligations, including any Avoided Payments, have been paid in full.

More Definitions of Avoided Payments

Avoided Payments shall have the meaning given that term in Section 2.06(h) hereof.

Avoided Payments with respect to either Surety Bond has the meaning given to such term in Section 10 of such Surety Bond.

Avoided Payments as defined in Section 2.13(g).

Avoided Payments has the meaning specified therefor in Section 2.05(c)(vi).

Avoided Payments has the meaning specified therefor in Section 2.13(f). "Bankruptcy Code" means Title 11 of the United States Code entitled "Bankruptcy," as now and hereafter in effect, or any successor statute.

Avoided Payments means any payment of any Secured Indebtedness made to any Secured Party hereunder that is subsequently invalidated, declared fraudulent or preferential, set aside or required to be paid to a trustee, receiver, or any other party under any bankruptcy act, state or federal law, common law or equitable cause.

Avoided Payments shall have the meaning provided in Section 2.06(g).