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Voluntary Bankruptcy Proceeding
Voluntary Bankruptcy Proceeding contract clause examples

Insolvency Proceeding”: each of the following, in each case with respect to the Company or any other Loan Party or any property or Indebtedness of the Company or any other Loan Party: (a)(i) any voluntary or involuntary case or proceeding under any Bankruptcy Law or any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, # any case or proceeding seeking receivership, liquidation, reorganization, winding up or other similar case or proceeding, # any case or proceeding seeking arrangement, adjustment, protection, relief or composition of any debt and # any case or proceeding seeking the entry of an order for relief or the appointment of a custodian, receiver, trustee or other similar official and # any general assignment for the benefit of creditors.

Insolvency Proceeding” means # any case, action or proceeding 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; in each case [(a) and (b)] undertaken under U.S. Federal, State or foreign law, including the Bankruptcy Code.

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 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 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 or Liquidation Proceeding” shall mean # any voluntary or involuntary case or proceeding under any Bankruptcy Law with respect to any Grantor, # any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership, interim receivership, liquidation, reorganization or other similar case or proceeding with respect to any Grantor or with respect to any of their respective assets, # any proceeding seeking the appointment of any trustee, receiver, interim receiver, receiver and manager, liquidator, custodian or other insolvency official with similar powers with respect to such Grantor or any or all of its assets or properties, # any proceedings for liquidation, dissolution or other winding up of the business of such Grantor, or # any assignment or trust mortgage for the benefit of creditors or any other marshalling of assets and liabilities of any Grantor.

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 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” 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, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

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