Creditors’ Rights definition

Creditors’ Rights has the meaning set forth in Section 3.2(b).

Creditors’ Rights means applicable bankruptcy, insolvency or other similar laws relating to or affecting the enforcement of creditors’ rights generally and to general principles of equity.

Creditors’ Rights shall have the meaning ascribed to it in Section 4.3(a).

Examples of Creditors’ Rights in a sentence

• This Agreement has been duly executed and delivered by the Shareholder and, assuming due authorization, execution and delivery hereof by the other parties hereto, constitutes a legal, valid and binding obligation of the Shareholder, enforceable against it in accordance with its terms, except that such enforceability may be limited by and is subject to Creditors’ Rights.

• This Agreement has been duly executed and delivered by TopCo LP and, assuming due authorization, execution and delivery hereof by the other parties hereto, constitutes a legal, valid and binding obligation of TopCo LP, enforceable against it in accordance with its terms, except that such enforceability may be limited by and is subject to Creditors’ Rights.

• This Agreement has been duly executed and delivered by the Company and, assuming due authorization, execution and delivery hereof by the other parties hereto, constitutes a legal, valid and binding obligation of the Company, enforceable against it in accordance with its terms, except that such enforceability may be limited by and is subject to Creditors’ Rights.

• As of the date of this Agreement, each Commitment Letter is in full force and effect against Parent and, to the knowledge of Parent, against each other party thereto and has not been withdrawn, terminated, rescinded, waived, amended or modified, subject to Creditors’ Rights as applicable.

• This Agreement has been duly executed and delivered by Xxxxxx and Xxxxxx Sub and, assuming due authorization, execution and delivery hereof by the Company, constitutes a legal, valid and binding obligation of each of Parent and Merger Sub, enforceable against each of them in accordance with its terms, except that such enforceability may be limited by and is subject to Creditors’ Rights.

More Definitions of Creditors’ Rights

Creditors’ Rights is defined in Section 5.01(b).

Creditors’ Rights has the meaning provided such term in Section 4.2.

Creditors’ Rights is defined in Section 4.1.

Creditors’ Rights is defined in Section 3.2.

Creditors’ Rights has the meaning attributed to such term in Section 4.1(f). “Direct Claim” has the meaning attributed to such term in Section 6.5(a).

Creditors’ Rights means applicable bankruptcy, insolvency, fraudulent transfer, moratorium and similar laws relating to or affecting the enforcement of creditors’ rights generally and to legal principles of general applicability governing the availability of equitable remedies.

Creditors’ Rights shall have the meaning ascribed to such term in Section 4.02.