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 and validly executed and delivered by such Xxxxxx and (assuming due authorization, execution and delivery by Parent and the Company) constitutes a valid and binding agreement of such Holder, enforceable against such Holder in accordance with its terms (except in all cases as such enforceability may be limited by Creditors’ Rights), and no other action is necessary to authorize the execution and delivery by such Holder or the performance of such Holder’s obligations hereunder.

• Except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, each Company Contract is legal, valid, binding and enforceable in accordance with its terms on the Company and each of its Subsidiaries that is a party thereto and, to the knowledge of the Company, each other party thereto, and is in full force and effect, subject, as to enforceability, to Creditors’ Rights.

• Except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, each Company Contract is legal, valid, binding and enforceable in accordance with its terms on the Company and each of its Subsidiaries that is a party thereto and, to the knowledge of the Company, each other party thereto, and is in full force and effect, subject, as to enforceability, to Creditors’ Rights.

• This Agreement has been duly executed and delivered by each of Parent and Merger Sub, and, assuming the due and valid execution of this Agreement by the Company, constitutes a valid and binding obligation of each of Parent and Merger Sub enforceable against Parent and Merger Sub in accordance with its terms, subject as to enforceability to Creditors’ Rights.

• Except as would not reasonably be expected to have, individually or in the aggregate, a Parent Material Adverse Effect, each Parent Contract is legal, valid, binding and enforceable in accordance with its terms on Parent and each of its Subsidiaries that is a party thereto and, to the knowledge of Parent, each other party thereto, and is in full force and effect, subject, as to enforceability, 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 3.2.

Creditors’ Rights is defined in Section 4.2.

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 is a collective reference to the effects of bankruptcy, insolvency, reorganization, moratorium or other similar Laws relating to or affecting the rights of creditors generally and the effects of the application of general principles of equity.

Creditors’ Rights is defined in Section 6.3.