Examples of European Guarantors in a sentence
These persons were recruited by contacting victims’ services organizations or groups that provide services to people who were currently or had been victims of violence or abuse.
Absent a preliminary injunction, the threat of involuntary insolvency proceedings or other enforcement actions in the jurisdictions where the European Guarantors operate would also cause severe commercial and reputational harm by dissuading the Truvo Group’s short-term customers from renewing their contracts and continuing to do business with any member of the Truvo Group.
For the avoidance of doubt, (i) in the case of each of the German Borrowers, Collateral shall be limited to Accounts and Inventory and the proceeds thereof owned by each such German Borrower and (ii) Collateral shall exclude all assets and properties of whatever kind and nature of the European Guarantors.
Any attachments of the European Guarantors’ property (whether ex parteor otherwise) would threaten their ability to continue operations, obstruct the shift towards an online- and mobile-focused business model, and, preclude the European Guarantors from making intercompany loans or other transfers to the Debtors to fund the administration of their ongoing Chapter 11 expenses.
Scattering control of the European Guarantors among various bankruptcy trustees would irreparably destroy creditor value and the ability of the Debtors to reorganize.
Such actions could include forcing the European Guarantors into involuntary insolvency proceedings, attaching the property of the European Guarantors, and/or taking actions to enforce any security interests against the European Guarantors.
Because the property pledged by the European Guarantors in support of the Truvo Group’s obligations under the Senior Facility includes the key operational assets of Truvo Belgium and Truvo Ireland, enforcement of security interests against such property would force these entities to cease operations.
Each European Guarantor waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon any Loan Party or any of the European Guarantors with respect to the Secured Obligations of each Foreign Subsidiary that is a CFC.
Any such involuntary insolvency proceeding would generally divest management of control of the operations of the European Guarantors in favor of an appointed trustee charged with liquidating the assets of the companies.
Consequently, DOE began considering energy conservation standards for these R, ER, and BR IRLs. DOE initiated a new rulemaking for these products by completing a framework document and publishing a notice announcing its availability.