Example ContractsClausesbankruptcy or insolvencyVariants
Bankruptcy or Insolvency
Bankruptcy or Insolvency contract clause examples

Insolvency Proceeding” means, with respect to any Person, any bankruptcy, insolvency, arrangement, rearrangement, conservatorship, moratorium, suspension of payments, readjustment of debt, reorganization, receivership, liquidation, marshaling of assets and liabilities or similar proceeding of or relating to such Person under any Insolvency Laws.

Insolvency Proceeding” means any case or proceeding commenced by or against a Person under 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 custodian for such Person or any part of its Property; # an assignment for the benefit of creditors of such Person; # application or petition for dissolution of such Person; or # 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” means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any other state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

Insolvency Proceeding” shall mean any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any other national, state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, or proceedings seeking reorganization, arrangement, liquidation, or other similar relief.

Insolvency Proceeding” means, with respect to any Person, # any case, action or proceeding with respect to such Person before any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or # any general assignment for the benefit of creditors, composition, marshalling of assets for creditors, or other, similar arrangement in respect of its creditors generally or 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.

Insolvency Proceeding” means any case or proceeding commenced by or against a Person under any state, federal or foreign law for, or any agreement of a Person to, # the entry of an order for relief under the Bankruptcy Code, or any other insolvency, debtor relief, or debt 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.

Insolvency Proceeding” means any case or proceeding commenced by or against a Person under any state, federal, provincial, territorial or foreign law for, or any agreement of such Person to, # the entry of an order for relief under the Bankruptcy Code or any other Debtor Relief Law, # the appointment of a receiver, interim receiver, monitor, trustee, liquidator, administrator, conservator, custodian or other similar Person for such Person or any part of its property, including, in the case of any Lender, the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such capacity, or # an assignment for the benefit of creditors.

Insolvency Proceeding” means any case or proceeding commenced by or against a Person under any state, federal or foreign law for, or any agreement of such Person to, # the entry of an order for relief under Debtor Relief Laws, or the initiation by any Person of any proceeding or filing under any other insolvency, debtor relief or debt adjustment law; # the appointment of a receiver, interim receiver, receiver-manager, trustee, liquidator, administrator, monitor, conservator or other custodian for such Person or any part of its property; or # an assignment or trust mortgage for the benefit of creditors.

Insolvency Proceeding” shall mean any case or proceeding commenced by or against a Person under any state, federal or foreign law for, or any agreement of such Person to, # the entry of an order for relief under the Bankruptcy Code, or any other insolvency, debtor relief or debt adjustment law; # the appointment of a receiver, trustee, liquidator, administrator, conservator or other custodian for such Person or any part of its property; or # an assignment or trust mortgage for the benefit of creditors.

Insolvency Proceeding” means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any other state or federal bankruptcy or insolvency law 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 creditors, or proceedings seeking reorganization, arrangement, or other 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.

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