Bankruptcy Defaults definition

Bankruptcy Defaults means, each of the following events, to the extent they have constituted, or in future constitute, a default or event of default by the Debtor under a Brazos Contract, or Operative Agreement: (i) the Debtor’s filing of a petition for relief under chapter 11 of the Bankruptcy Code, (ii) the commencement and continuation of such proceeding in a manner that does not cause a breach or default under the Limited Waiver Agreement or the BSCEC Agreements, (iii) the defaults, including payment and collateral posting defaults, under the Debtor’s agreements with ERCOT that led to the Debtor’s bankruptcy filing, (iv) the statements made by the Debtor specific to the foregoing events or changes in Debtor’s credit ratings resulting therefrom, (v) Debtor’s failure to post security as required under the Brazos Contracts solely as a result of its no longer being investment grade rated, and
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Bankruptcy Defaults means, each of the following events, to the extent they have constituted, or in future constitute, a default or event of default by the Debtor under a Brazos Contract, or Operative Agreement: (i) the Debtor’s filing of a petition for relief under chapter 11 of the Bankruptcy Code, (ii) the commencement
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Bankruptcy Defaults. See Section 9.1(a).
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Examples of Bankruptcy Defaults in a sentence

  • EVENTS OF DEFAULT AND REMEDIES 22 Section 8.1. Events of Default Defined 22 Section 8.2. Remedies for Non-Bankruptcy Defaults 23 Section 8.3. Remedies for Bankruptcy Defaults 23 SECTION 9.

  • Bankruptcy Defaults 2 ARTICLE II GRANT OF SECURITY INTEREST 2 SECTION 2.01.

  • Events of Default and Remedies 95 Section 8.1. Events of Default 95 Section 8.2. Non‑Bankruptcy Defaults 97 Section 8.3. Bankruptcy Defaults 98 Section 8.4. Collateral for Undrawn Letters of Credit 98 Section 8.5. Post‑Default Collections 99 Section 8.6. Implementation of CAM 100 Section 9.

  • EVENTS OF DEFAULT AND REMEDIES 98 Section 7.1 Events of Default 98 Section 7.2 Non Bankruptcy Defaults 100 Section 7.3 Bankruptcy Defaults 100 Section 7.4 Collateral for Undrawn Letters of Credit 101 Section 7.5 Notice of Default 101 Section 7.6 Equity Cure 101 ARTICLE 8.

  • Events of Default and Remedies 77 Section 9.1. Events of Default 77 Section 9.2. Non-Bankruptcy Defaults 79 Section 9.3. Bankruptcy Defaults 79 Section 10.

  • EVENTS OF DEFAULT AND REMEDIES 39 Section 8.1 Events of Default 39 Section 8.2 Non Bankruptcy Defaults 41 Section 8.3 Bankruptcy Defaults 42 SECTION 9.

  • The degree of compaction achieved in the field should be checked by in-place density tests.

  • Events of Default and Remedies 87 Section 9.1. Events of Default 87 Section 9.2. Non-Bankruptcy Defaults 89 Section 9.3. Bankruptcy Defaults 90 Section 9.4. Collateral for Undrawn Letters of Credit 90 SECTION 10.

  • EVENTS OF DEFAULT AND REMEDIES 84 Section 9.1. Events of Default 84 Section 9.2. Non‑Bankruptcy Defaults 86 Section 9.3. Bankruptcy Defaults 87 Section 9.4. Collateral for Undrawn Letters of Credit 87 Section 9.5. Post‑Default Collections 88 SECTION 10.

  • Events of Default and Remedies 48 Section 9.1. Events of Default 48 Section 9.2. Non-Bankruptcy Defaults 49 Section 9.3. Bankruptcy Defaults 50 Section 9.4. Certain Actions Between Effective Date and Closing Date 50 SECTION 10.

Related to Bankruptcy Defaults

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Bankruptcy Event of Default means any Event of Default under Section 8.01(f) of the Credit Agreement.

  • Bankruptcy or Default means the total cessation of operations due to insolvency, with or without the filing of a bankruptcy petition by an airline, or cruise line, tour operator or other travel provider provided the Bankruptcy or Default occurs more than 14 days following Your Effective Date for the Trip Cancellation Benefits. There is no coverage for the Bankruptcy or Default of any person, organization, agency or firm from whom You purchased Travel Arrangements supplied by others.

  • Monetary Default shall have the meaning assigned to such term in Section 11(a).

  • Monetary Default Notice shall have the meaning assigned to such term in Section 11(a).

  • Non-Monetary Default shall have the meaning assigned to such term in Section 11(d).

  • Non-Monetary Default Notice shall have the meaning assigned to such term in Section 11(d).

  • Authority Default shall have the meaning set forth in Clause 23.2;

  • Bank Default means (i) the refusal (which has not been retracted) of a Bank to make available its portion of any Borrowing or to fund its portion of any unreimbursed payment under Section 2.03(c) or (ii) a Bank having notified in writing the Borrower and/or the Agent that it does not intend to comply with its obligations under Section 1.01 or Section 2, in the case of either clause (i) or (ii) as a result of any takeover of such Bank by any regulatory authority or agency.

  • Swap Default Any of the circumstances constituting an “Event of Default” under the Swap Agreement.

  • Event of Insolvency means, for any Person:

  • Actionable Default means (i) an Event of Default under and as defined by the Credit Facility Agreement or (ii) an event of default under the Public Indenture.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Material Event of Default means the occurrence of an Event of Default (as defined in the Senior Unsecured Loan Agreement) under any of the following sections of the Senior Unsecured Loan Agreement:

  • Guarantor Default means any condition or event that with the giving of notice or lapse of time or both would, unless cured or waived, become a Guarantor Event of Default.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Servicing Default The meaning assigned in Section 6.01 of the Servicing Agreement.

  • Guarantor Event of Default means the occurrence of any “Event of Default” under and as defined in the Performance Guaranty.

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Senior Default means any Senior Payment Default or Senior Covenant Default.

  • in default means that, as to any Mortgage Loan, any Mortgage Note payment or escrow payment is unpaid for thirty (30) days or more after its due date (whether or not the Seller has allowed any grace period or extended the due date thereof by any means) or another material default has occurred and is continuing, including the commencement of foreclosure proceedings or the commencement of a case in bankruptcy for any Customer in respect of such Mortgage Loan.

  • Loan Default means any event, condition or failure which, with notice or lapse of time or both, would become a Loan Event of Default.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Bankruptcy Event means, with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.

  • Loan Event of Default means any of the events specified in Section 5.1 of the Loan Agreement, provided that any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act has been satisfied.