Borrower Bankruptcy definition

Borrower Bankruptcy means the occurrence of a “Bankruptcy” as defined in the Credit Definitions (with references therein to the “Reference Entity” being deemed to be the Borrower).
View Source
Borrower Bankruptcy has the meaning ascribed thereto in Section 2.04.
View Source

Examples of Borrower Bankruptcy in a sentence

  • The Borrowers shall not file a petition for, consent to the filing of a petition for, or aid, solicit, support, or otherwise act, cooperate or collude to cause the filing of a petition for an Involuntary Borrower Bankruptcy.

  • The Borrowers having any interest in any Involuntary Borrower Bankruptcy shall do all things reasonably requested by Lender to assist Lender in obtaining such relief as Lender shall seek, and shall in all events vote as directed by Lender.

  • In any Involuntary Borrower Bankruptcy, no Borrower Party shall, without the prior written consent of Lender, consent to the entry of any order, file any motion, or support any motion (irrespective of the subject of the motion), and the Borrowers shall not file or support any plan of reorganization.

  • In any Involuntary Borrower Bankruptcy, no Borrower Party shall, without the prior written consent of Lender, consent to the entry of any order, file any motion, or support any motion (irrespective of the subject of the motion), and no Borrower Party shall file or support any plan of reorganization.

  • Each Borrower Party having any interest in any Involuntary Borrower Bankruptcy shall do all things reasonably requested by Lender to assist Lender in obtaining such relief as Lender shall seek, and shall in all events vote as directed by Lender.

  • The Borrower shall not file a petition for, consent to the filing of a petition for, or aid, solicit, support, or otherwise act, cooperate or collude to cause the filing of a petition for an Involuntary Borrower Bankruptcy.

  • As used in this Loan Agreement, an "Involuntary Borrower Bankruptcy" shall mean any involuntary case under the Bankruptcy Code or any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, in which any of the Borrowers is a debtor or any portion of the Properties is property of the estate therein.

  • No Borrower Party shall file a petition for, consent to the filing of a petition for, or aid, solicit, support, or otherwise act, cooperate or collude to cause the filing of a petition for an Involuntary Borrower Bankruptcy.

  • No Borrower nor any Related Person of any Borrower shall file a petition for, consent to the filing of a petition for, or aid, solicit, support, or otherwise act, cooperate or collude to cause the filing of a petition for an Involuntary Borrower Bankruptcy.

  • In any Involuntary Borrower Bankruptcy, no Borrower nor any Related Person of any Borrower shall, without the prior written consent of Agent and/or Lenders, consent to the entry of any order, file any motion, or support any motion (irrespective of the subject of the motion), and no Borrower nor any such Related Person shall file or support any plan of reorganization.