Insolvency Event of Default definition

Insolvency Event of Default means any Insolvency Event which is also an Event of Default.

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Insolvency Event of Default means an Event of Default which is continuing under Section 11.01(e), (m), (n) or (o) (Events of Default) of the First Lien Credit Agreement or any equivalent insolvency Event of Default provision under an Additional Senior Debt Facility or any Second Priority Financing Agreement.

Insolvency Event of Default means (a) prior to the Discharge of Senior Priority Obligations, an Event of Default which is continuing under Section 7.01(h) or (i) of the Senior Secured Credit Agreement or an equivalent insolvency event of default which is continuing under any Additional Senior Priority Debt Documents, (b) on or after the Discharge of Senior Priority Obligations but prior to the Discharge of the Second Priority Debt Obligations (if applicable), an event of default under an “insolvency” event of default which is continuing under any Second Priority Debt Documents and the relevant Representative has declared by written notice to the relevant Debtors that an “Insolvency or Liquidation Proceeding” has occurred and (c) on or after (x) the Discharge of Senior Priority Obligations and (y) the Discharge of Second Priority Debt Obligations, an event of default under an “insolvency” event of default which is continuing under any Senior Subordinated Priority Debt Documents and the relevant Representative has declared by written notice to the relevant Debtors that an “Insolvency or Liquidation Proceeding” has occurred.

Examples of Insolvency Event of Default in a sentence

The unpaid balance hereunder shall automatically mature and become immediately payable in the case of an Insolvency Event of Default.
Upon an Event of Default, other than an Insolvency Event of Default, then the unpaid balance of the Loan shall, at the option of Lender, mature and then become immediately payable.
The Security Trustee may revoke the Authorization upon the occurrence of an Insolvency Event of Default and the Security Trustee shall revoke the Authorization if the Security Trustee has been so instructed pursuant to the Security Trust and Intercreditor Deed upon or at any time after the occurrence of an Event of Default which is continuing, whereupon the Assignor may continue to collect the Receivables but shall promptly surrender the proceeds to the Security Trustee.
Notwithstanding the foregoing, upon the occurrence of an Event of Default other than an Insolvency Event of Default with respect to a Depository Institution, neither the Trustee nor the holders of the Notes may accelerate the Maturity of the Notes and make the principal of, and any accrued and unpaid interest on, the Notes, immediately due and payable.
Notwithstanding anything to the contrary in the foregoing or the Base Indenture, if an Insolvency Event of Default with respect to the Company occurs and is continuing, then the principal amount of and interest accrued and unpaid on all of the Notes shall be immediately due and payable without any declaration or other action on the part of the Trustee or any Holder of Notes.

More Definitions of Insolvency Event of Default

Insolvency Event of Default. With respect to any Series, the meaning specified in the related Indenture Supplement.

Insolvency Event of Default means items 4, 5 and 6 set forth in the definition of “Event of Default.”

Insolvency Event of Default means any of the events listed in limb (a) of the definition of Supplier Default;

Insolvency Event of Default as defined in subsection 2.16(a).

Insolvency Event of Default. With respect to the Series 2014-5, any Event of Default specified in Sections 6.02(e) or (f).

Insolvency Event of Default. With respect to the Series 20[ ]-[ ], any Event of Default specified in Sections 6.02(e) or (f).

Insolvency Event of Default means the Event of Default specified in Section 7.1(11) of the Indenture.

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