Insolvency Default definition

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

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

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

Examples of Insolvency Default in a sentence

• If an Event of Default shall occur, at the election of the Bank (but automatically in the case of an Insolvency Default), all Obligations shall become immediately due and payable without notice or demand, except with respect to Obligations payable on DEMAND, which shall be due and payable on DEMAND, whether or not an Event of Default has occurred.

• If an Event of Default shall occur, at the election of the Bank (but automatically in the case of an Insolvency Default), all Obligations shall become immediately due and payable without notice or demand, except with respect to Obligations payable on demand, which shall be due and payable on demand, whether or not an Event of Default has occurred.

• Upon the occurrence of an Insolvency Default, payment of this Note shall be Accelerated automatically and without notice.

• Upon the occurrence of an Insolvency Default, payment of this Note shall be Accelerated automatically and without Notice.

• If no successor Agent is appointed prior to the effective date of the resignation of Agent, Agent may appoint, after consulting with the Lenders and with the consent of Borrower (such consent not to be unreasonably withheld or delayed) or, if (i) a Payment Default or an Insolvency Default has occurred and is continuing or (ii) any other Event of Default has occurred and has been continuing for a period of at least 30 days, in consultation with ▇▇▇▇▇▇▇▇, a successor Agent.

More Definitions of Insolvency Default

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

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 9.1.

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. As defined in Section 9.

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

Insolvency Default means the Customer suffering any of the following events: (a) a liquidator or provisional liquidator, receiver, manager, receiver and manager, trustee, administrator, controller or similar officer is appointed in respect of the Customer or any asset of the Customer;

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