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Common use of Insolvency Events Clause in Contracts

Insolvency Events. The Borrower shall timely object to all proceedings of the type described in clause (a) of the definition of “Insolvency Event” instituted against it.

Appears in 13 contracts

Sources: Amended and Restated Revolving Credit and Security Agreement (Lendbuzz Inc.), Revolving Credit Agreement (BILL Holdings, Inc.), Revolving Credit and Security Agreement (Sezzle Inc.)

Related Clauses

  • Insolvency Event
  • Insolvency, Etc
  • Events of Default Other Than Bankruptcy, Insolvency or Reorganization Proceedings
  • Bankruptcy Event
  • Bankruptcy, Insolvency, etc

Parent Clauses

  • Events of Default
  • Financial Covenants
  • Defaults
  • Events of Default and Remedies
  • Miscellaneous

Sub-Clauses

  • Rights upon the Occurrence of an Insolvency Event
  • Striking off
  • Execution
  • Occurrence of an Insolvency Event
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