Guarantor Bankruptcy Event definition

Guarantor Bankruptcy Event means if Guarantor or any guarantor or indemnitor under any guaranty or indemnity issued in connection with the Loan shall make an assignment for the benefit of creditors or if a receiver, liquidator or trustee shall be appointed for Guarantor or any guarantor or indemnitor under any guarantee or indemnity issued in connection with the Loan or if Guarantor or such other guarantor or indemnitor shall be adjudicated a bankrupt or insolvent, or if any petition for bankruptcy, reorganization or arrangement pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by or against, consented to, or acquiesced in by, Guarantor or such other guarantor or indemnitor, or if any proceeding for the dissolution or liquidation of Guarantor or such other guarantor or indemnitor shall be instituted; provided, however, if such appointment, adjudication, petition or proceeding was involuntary and not consented to by Guarantor or such other guarantor or indemnitor, upon the same not being discharged, stayed or dismissed within ninety (90) days.

Guarantor Bankruptcy Event means any one or more of the following:

Guarantor Bankruptcy Event means if Guarantor, Indemnitor or any guarantor or indemnitor under any guaranty or indemnity issued in connection with the Loan shall make an assignment for the benefit of creditors or if a receiver, liquidator or trustee shall be appointed for Guarantor, Indemnitor or any guarantor or indemnitor under any guarantee or indemnity issued in connection with the Loan or if Guarantor, Indemntior or such other guarantor or indemnitor shall be adjudicated a bankrupt or insolvent, or if any petition for bankruptcy, reorganization or arrangement pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by or against, consented to, or acquiesced in by, Guarantor, Indemnitor or such other guarantor or indemnitor, or if any proceeding for the dissolution or liquidation of Guarantor, Indemnitor or such other guarantor or indemnitor shall be instituted; provided, however, if such appointment, adjudication, petition or proceeding was involuntary and not consented to by Guarantor, Indemnitor or such other guarantor or indemnitor, upon the same not being discharged, stayed or dismissed within ninety (90) days.

Examples of Guarantor Bankruptcy Event in a sentence

• An Early Termination Date shall be deemed to occur immediately on the occurrence with respect to Party A’s Credit Support Provider of a Guarantor Bankruptcy Event of Default (as defined in the Enron Guaranty).

• Notwithstanding the foregoing, pursuant to the Trust Deed, no modification or waiver or other matter contemplated in Condition 14.1 may be made by Extraordinary Resolution or otherwise without the consent of the Guarantor (save where a Guarantor Bankruptcy Event has occurred, in which case, such consent shall not be required).

• In addition, under the 2012 Mortgage Loan, the occurrence of (i) an Event of Default, (ii) a Debt Yield Trigger Event (a Debt Yield, as defined, of less than 9.0%) or (iii) a Guarantor Bankruptcy Event would result in a Cash Trap Event, each as defined.

• If (a) a Guarantor Bankruptcy Event occurs and/or (b) clause 2 (Guarantee and Indemnity) of the Trust Deed ceases to be enforceable in accordance with its terms, each Note will fall immediately due for early redemption and shall be redeemed on the day falling 10 Business Days following the occurrence of such event (the “Early Redemption Date”).

• The occurrence of an Event of Default, a Debt Yield Trigger Event (a Debt Yield, as defined, of less than 9.0%) or a Guarantor Bankruptcy Event triggers a Cash Trap Event, as defined.

More Definitions of Guarantor Bankruptcy Event

Guarantor Bankruptcy Event shall have the meaning assigned thereto in Section 8.1(a)(ix) hereof.

Guarantor Bankruptcy Event means the occurrence of any of the types of events described in Section 10.1(e) or (f) of the Credit Agreement with respect to the Guarantor (without giving effect to any related cure or grace periods).

Guarantor Bankruptcy Event has the meaning given in Section 11.1.

Guarantor Bankruptcy Event means any of the events specified in the definition of “Insolvency Proceeding” in the Credit Agreement with respect to the Guarantor.

Guarantor Bankruptcy Event means the occurrence of an Early Termination Date under the Guarantee Payment Agreement as the result of an Event of Default (as therein defined) under Section 5(a)(vii) (Bankruptcy) thereof in respect of the Counterparty.

Guarantor Bankruptcy Event means the occurrence of any of the types of events described in Section 10.1(e) or (f) of the Credit Agreement with respect to the Guarantor (after having given effect to any related cure or grace periods).

Guarantor Bankruptcy Event means, as to any Guarantor, the occurrence of any one or more of the following: