Sunoco 2013 Annual Report Download - page 233

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(i) has entered against it a judgment, decree or order for relief by a Tribunal
of competent jurisdiction in an involuntary proceeding commenced under any applicable
bankruptcy, insolvency or other similar Law of any jurisdiction now or hereafter in effect,
including the federal Bankruptcy Code, as from time to time amended, or has any such
proceeding commenced against it, in each case, which remains undismissed for a period
of sixty days; or
(ii) (A) commences a voluntary case under any applicable bankruptcy,
insolvency or similar Law now or hereafter in effect, including the federal Bankruptcy
Code, as from time to time amended; or applies for or consents to the entry of an order
for relief in an involuntary case under any such Law; or makes a general assignment for
the benefit of creditors; or (B) is generally unable to pay (or admits in writing its inability
to so pay) its debts as such debts become due; or takes corporate or other action to
authorize any of the foregoing; or
(iii) has entered against it the appointment of or taking possession by a
receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of all or a
substantial part of its assets in a proceeding brought against or initiated by it, and such
appointment or taking possession is neither made ineffective nor discharged within sixty
days after the making thereof, or such appointment or taking possession is at any time
consented to, requested by, or acquiesced to by it; or
(iv) has entered against it one or more final judgments for the payment of
money in an aggregate amount (as to all such judgments against the MLP, the Borrower
and Material Subsidiaries) in excess of $50,000,000 (in each case not covered by
insurance or third party indemnification obligations satisfactory to the Administrative
Agent), unless the same is discharged within sixty days after the date of entry thereof or
an appeal or appropriate proceeding for review thereof is taken within such period and a
stay of execution pending such appeal is obtained; or
(v) suffers one or more writs or warrants of attachment or any similar process
to be issued by any Tribunal against all or any substantial part of its assets, which assets
have a value in the aggregate (as to all such writs, warrants and similar process against
assets of the MLP, the Borrower and Material Subsidiaries) exceeding $50,000,000, and
such writ or warrant of attachment or any similar process is not stayed or released within
sixty days after the entry or levy thereof or after any stay is vacated or set aside; or
(j) Any Change of Control occurs.
8.02 Remedies Upon Event of Default. If any Event of Default occurs and is continuing,
the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders,
take any or all of the following actions: