Dissolution or Bankruptcy. Dissolution or termination of existence of any Borrower, liquidation, insolvency, business failure, appointment of receiver of any part of the property of, assignment for the benefit of creditors by, or the commencement of any proceeding under state or federal bankruptcy laws or other insolvency laws by any Borrower or the commencement of an involuntary proceeding against any Borrower under state or federal bankruptcy laws which is not dismissed within ninety (90) days after such commencement, or a merger or consolidation or sale of any Borrower’s assets other than as permitted hereunder.
Dissolution or Bankruptcy. Dissolution, termination of existence, liquidation, insolvency, business failure, appointment of receiver of any part of the property of, assignment for the benefit of creditors by, or the commencement of any proceeding under state or federal bankruptcy laws or other insolvency laws by any Credit Party or the commencement of an involuntary proceeding against any Credit Party under state or federal bankruptcy laws which, in each case, is not dismissed within ninety (90) days after such commencement, or a merger or consolidation or sale of any Credit Party’s assets, other than a sale of assets in the ordinary course of business, which has not been consented to by Lender.
Dissolution or Bankruptcy. Borrower is dissolved or becomes subject to voluntary or involuntary bankruptcy proceedings.
Dissolution or Bankruptcy. The Plan shall automatically terminate upon a corporate dissolution or bankruptcy provided that Participants’ (or Former Participant’s) Accounts are distributed and included in the gross income of the Participants (or Former Participants) by the latest of: (i) the Plan Year in #135506 which the Plan termination, (ii) the first Plan Year in which payment of the Accounts is administratively practicable, or (iii) the calendar year in which the amount is no longer subject to a substantial risk of forfeiture and otherwise in accordance with Treasury Regulation § 1.409A-3(j)(4)(ix)(C). A corporate dissolution or bankruptcy will have occurred only if the transaction qualifies as both a liquidation or reorganization under 00 Xxxxxx Xxxxxx Code Section 1446(26) and a dissolution or bankruptcy under Code Section 409A and the regulations promulgated thereunder.
Dissolution or Bankruptcy. This Agreement shall terminate automatically if Buyer or any Seller Party is dissolved or any of the Sellers applies for or consents to the appointment of a receiver, trustee or liquidator of all or a substantial part of its assets, files a voluntary petition in bankruptcy which is not dismissed within 90 days, is adjudicated bankrupt, makes a general assignment for the benefit of its creditors, files a petition or answer seeking reorganization or arrangement with its creditors which filing is not dismissed within 90 days, or admits in writing its inability to pay its debts when due.
Dissolution or Bankruptcy. Borrower is dissolved or becomes subject to voluntary or involuntary bankruptcy proceedings. Judgment Liabilities. Aggregate amount (excluding amounts that may be subject to appeal and amounts for which the borrower has set aside reserves) of unsatisfied judgments, decrees, or orders for the payment of money against the borrower exceeds $____________________________________.
Dissolution or Bankruptcy. 37.1 In the event of winding up or dissolution of the MCFC, or the adjudication of the MCFC as bankrupt pursuant to the Bankruptcy Act, or an assignment by the MCFC for the benefit of its creditors, or the commencement of proceedings under any insolvency legislation, or the appointment of a receiver or trustee to its property, then this Agreement shall terminate immediately and the term herein created be at an end and the MCFC shall quit and surrender the Pilot Project Land to NSDNR, but shall notwithstanding remain liable for any loss or damage suffered by NSDNR.
Dissolution or Bankruptcy. The dissolution of the Business or the filing of a petition in voluntary bankruptcy, an assignment for the benefit of creditors, or other action taken voluntarily or involuntarily under any state or federal statute for the protection of debtors.
Dissolution or Bankruptcy. To the extent permitted under Code Section 409A, the Committee shall have the authority, in its sole discretion, to terminate the Agreement and distribute the Participant’s entire Deferred Compensation Account to the Participant or, if applicable, his Beneficiary within twelve months of a corporate dissolution taxed under Section 331 of the Code or with the approval of a bankruptcy court pursuant to 11 U.S.C. §503(b)(1)(a). The total accelerated distribution under this Section 4.4(g) must be included in the Participant’s gross income in the latest of:
Dissolution or Bankruptcy. The dissolution of Borrower (regardless of whether election to continue is made), or any other termination of Borrower's existence as a going buxxxxxx, the appointment of a receiver for any part of Borrower's property, any assignmexx xxx xhe benefit of creditors, any type of creditor workout or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower (and, if against Borrower, is not dismissed within thirty (30) days after the commencement thereof).
