Examples of Bankruptcy Event in a sentence
Each Party will have the right to terminate this Agreement in the event of a Bankruptcy Event with respect to the other Party.
The Borrower shall give, or shall cause the Servicer to give, notice to the Administrative Agent and the Lenders within two Business Days of the Borrower’s, the Transferor’s or the Servicer’s actual knowledge of the occurrence of any payment default by an Obligor under any Loan Asset or any Bankruptcy Event with respect to any Obligor under any Loan Asset.
A Bankruptcy Event shall occur with respect to Xxxxxxxxx, any of its Significant Subsidiaries or any other Loan Party.
For the avoidance of doubt, each Purchaser maintains its rights to payment of an amount up to such Purchaser’s Maximum Amount other than if the Pre-Funding Change of Control Price or the Prepayment Amount has been paid in full or if, upon a Bankruptcy Event of Default, such Purchaser has been paid in full its portion of the Event of Default Fee, in each case, pursuant to the terms hereof.
The Servicer is not the subject of any Bankruptcy Proceedings or Bankruptcy Event.