Example ContractsClausesbankruptcy or insolvencyVariants
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“Insolvency Proceeding” is any proceeding by or against any Person under the United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief.

“Insolvency Proceeding” ismeans any proceeding commenced by or against any Person under any provision of the United States Bankruptcy Code,Code or under any other state or federal bankruptcy or insolvency law, including assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

“Insolvency Proceeding” isProceeding” means any proceeding commenced by or against any Person under any provision of the United States Bankruptcy Code,Code or under any other state or federal bankruptcy or insolvency law, including assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

“"Insolvency Proceeding” isProceeding" means any proceeding commenced by or against any Person under any provision of the United States Bankruptcy Code,Code or under any other state or federal bankruptcy or insolvency law, including assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

“Insolvency Proceeding” isProceeding” shall mean any proceeding commenced by or against any Person under any provision of the United States Bankruptcy Code,Code or under any other national, state or federal bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, liquidation, or other similar relief.

“Insolvency Proceeding” isProceeding” means any proceeding commenced by or against any Person under any provision of the United States Bankruptcy Code,Code or under any other state or federal bankruptcy or insolvency law, including assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

“Insolvency Proceeding” isProceeding” means any proceeding commenced by or against any Person under any provision of the United States Bankruptcy Code,Code or under any other state or federal bankruptcy or insolvency law, includinglaw or under any bankruptcy or insolvency laws of Canada (including the BIA and the CCAA) or the Netherlands (including the Dutch Bankruptcy Act (Faillissementswet)) and any similar laws in any jurisdiction including, without limitation, any laws relating to bankruptcy, insolvency, liquidation, winding up, dissolution, administration, assignments or attachments for the benefit of creditors, formal or informal moratoria, reprieve from payment, controlled management, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief.similar relief and any law permitting a debtor to obtain a stay or a compromise of the claims of its creditors or affecting the rights of creditors generally.

“Insolvency Proceeding” isProceeding” means any case or proceeding commenced by or against anya Person under any state, federal or foreign law for, or any agreement of a Person to, # the United Statesentry of an order for relief under the Bankruptcy Code, or any other bankruptcyinsolvency, debtor relief, or insolvency law, including assignmentsdebt adjustment law; # the appointment of a receiver, trustee, liquidator, administrator, conservator or other custodian for that Person or any part of its Property; or # an assignment or trust mortgage for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief.creditors.

“Insolvency Proceeding” isProceeding” means any case or proceeding commenced by or against anya Person under the United States Bankruptcy Code,any state, federal or foreign law for, or any agreement of such Person to, # the entry of an order or filing of a petition for relief under any Bankruptcy Law; # the appointment of a receiver, trustee, liquidator, administrator, conservator or other bankruptcycustodian for such Person or insolvency law, including assignmentsany part of its Property; # an assignment for the benefit of creditors, compositions, extensions generally with its creditors,creditors of such Person; # application or proceedings seeking reorganization, arrangement,petition for dissolution of such Person; or other relief.# the sale or transfer of all or substantially all of the assets of such Person or the cessation of the business of such Person as a going concern.

“Insolvency Proceeding” isProceeding” means, with respect to any Person, # any case, action or proceeding bywith respect to such Person before any court or againstother Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or # any Person under the United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignmentsgeneral assignment for the benefit of creditors, compositions, extensions generally with itscomposition, marshalling of assets for creditors, or proceedings seeking reorganization, arrangement,other, similar arrangement in respect of its creditors generally or other relief.any substantial portion of its creditors; undertaken under U.S. Federal, state or foreign law, including the Bankruptcy Code of the United States, including with respect to Luxembourg, any Luxembourg Insolvency Proceedings.

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