Bankruptcy Exceptions definition

Bankruptcy Exceptions means limitations on, or exceptions to, the enforceability of an agreement against a Person due to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or the application of general equitable principles, regardless of whether such enforceability is considered in a proceeding at law or in equity.

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Bankruptcy Exceptions means the applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and general equitable principles, regardless of whether such enforceability is considered in a proceeding of law or at equity.

Bankruptcy Exceptions has the meaning set forth in Section 2.2(d)(i).

Examples of Bankruptcy Exceptions in a sentence

• As of the date hereof, with respect to each such Insurance Policy, except as set forth on Schedule ‎3.12, (a) the Insurance Policy is valid, binding and in full force and effect (subject to the Bankruptcy Exceptions); (b) all premiums with respect thereto covering all current periods have been paid to the extent due; and (c) no written notice of cancellation or termination has been received with respect to such policy.

• This Agreement has been (and each of the Ancillary Agreements to which the Company is or will be a party at or prior to the Closing) duly executed and delivered by the Company and constitutes (or will constitute when so executed) a valid and binding agreement of the Company enforceable against it in accordance with their respective terms, subject to the Bankruptcy Exceptions.

More Definitions of Bankruptcy Exceptions

Bankruptcy Exceptions has the meaning set forth in Section 3.2.

Bankruptcy Exceptions shall have the meaning set forth in Section 4.2(a) hereof.

Bankruptcy Exceptions means (i) as a result of Sellers operating as debtors in possession under the Bankruptcy Code, (a) Sellers’ inability to maintain the services of their officers or other employees, including the possibility that a substantial number of Sellers’ employees have left, or will leave, their positions, and (b) vendors and counterparties of Sellers failing to continue to perform their obligations to Sellers, and (ii) any limitation or obligation imposed on Sellers by Order of the Bankruptcy Court or the DIP Financing Agreements.

Bankruptcy Exceptions means the exception to the recognition of COD

Bankruptcy Exceptions means the exception to the recognition of COD Income under section 108(a)(l)(A) of the Tax Code when a taxpayer discharging indebtedness is under the jurisdiction of a court in a case under title 11 of the Bankruptcy Code and when the discharge is granted, or is effected pursuant to a plan approved, by a United States Bankruptcy Court.

Bankruptcy Exceptions has the meaning specified in Section 5.02(c).

Bankruptcy Exceptions means applicable bankruptcy, insolvency, reorganization, moratorium and other similar Laws of general application affecting the enforcement of creditors’ rights generally and general principles of equity.