Bankruptcy Event of Default definition

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

Bankruptcy Event of Default means any Event of Default specified in Section 11.1(j) or (k).

Bankruptcy Event of Default means an Event of Default specified in Section 7.1(f).

Examples of Bankruptcy Event of Default in a sentence

• 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 Company agrees that each of the Pre-Funding Event of Default Fee and Event of Default Fee shall be presumed to be the liquidated damages sustained by each Purchaser (including in the case of a Pre-Funding Event of Default Fee or Event of Default Fee in respect of a Bankruptcy Event of Default), and the Company agrees that such presumption is reasonable under the circumstances currently existing.

More Definitions of Bankruptcy Event of Default

Bankruptcy Event of Default means any Event of Default under Section 4(a)(viii) of the Note.

Bankruptcy Event of Default has the meaning set forth in Section 7.1.

Bankruptcy Event of Default shall have the meaning set forth in the Note.

Bankruptcy Event of Default has the meaning assigned to such term in the Collateral Agency Agreement.

Bankruptcy Event of Default means, with respect to any Person, any of the following events or circumstances: (a) such Person shall (i) commence a voluntary case or other proceeding seeking (A) liquidation, reorganization, or other relief with respect to itself or its debts under any bankruptcy, insolvency, or similar law now or hereafter in effect or (B) the appointment of a trustee, receiver, liquidator, custodian, or other similar official of it or any substantial part of its assets, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, (ii) make a general assignment for the benefit of creditors, (iii) fail generally to pay its debts as they become due, or (iv) take any action to authorize any of the foregoing; or (b) if (i) an involuntary case or other proceeding shall be commenced against such Person seeking (A) liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or similar law now or hereafter in effect or (B) the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its assets, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty (60) days, or (ii) an order for relief shall be entered against such Person under the federal bankruptcy laws as now or hereafter in effect.

Bankruptcy Event of Default the occurrence of the event specified in Section 8(f) in respect of the Borrower.

Bankruptcy Event of Default means the commencement of a Bankruptcy Proceeding with respect to the Borrower or any Guarantor.