Insolvency Default means, under the terms of any Counterparty Agreement, any of the following:

Insolvency Default has the meaning assigned to such term in Section 6.2.

Insolvency Default means a Default under Section 9.01(a)(vii) or Section 9.01(a)(viii) of the Indenture.

Examples of Insolvency Default in a sentence

For the avoidance of doubt, Purchaser hereby assumes and, upon Purchaser’s purchase of any Purchased Account, Purchaser shall, to the extent such Purchased Account exceeds Seller’s Reserve Accounts, bear the risk of any and all losses, costs, expenses or claims arising from any Insolvency Default by or Credit Risk of an Account Debtor that is not an Affiliate of Seller.

More Definitions of Insolvency Default

Insolvency Default means an Event of Default described in Sections 7.1(d), (e) or (f) hereof.

Insolvency Default means any condition or event which, after notice, lapse of time, the making of any required determination or any combination of the following, would constitute an Event of Default of the nature referred to in Clause 11.1.6.

Insolvency Default. As defined in Section 9.

Insolvency Default means any condition or event which, after notice, lapse of time or both, would constitute an Event of Default of the nature referred to in clauses (j) or (k) of Article XVI.

Insolvency Default means the acts of bankruptcy referred to under subparagraph (h) of Condition 22, including but not limited to the following: (a) filing of a petition in any bankruptcy, reorganization, winding-up, suspension of payment, liquidation, or other analogous proceeding; (b) appointment of a trustee or receiver of all or a substantial portion of the Bank’s properties; (c) making of an assignment for the benefit of the Bank’s creditors of all or substantially all of its properties; (d) admission in writing of the Bank’s inability to pay its debts; or (e) entry of any order or judgment of any court, tribunal, or administrative agency or body confirming the insolvency of the Bank, or approving any reorganization, winding- up, liquidation, or appointment of trustee or receiver of the Bank or a substantial portion of its properties or assets;

Insolvency Default means the Customer suffering any of the following events:

Insolvency Default means the acts of bankruptcy referred to under subparagraph (h) of