Insolvency Law definition

Insolvency Law means the Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments and similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

Insolvency Law means any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect.

Insolvency Law means any bankruptcy, reorganization, moratorium, delinquency, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction in effect at any time during the term of this Agreement.

Examples of Insolvency Law in a sentence

• The Issuer shall pay interest (including post-petition interest in any proceeding under any Insolvency Law) on overdue principal at the rate equal to the then applicable interest rate on the Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Insolvency Law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful.

• The Borrower, the Pledgor and the Guarantor warrant that they have not committed any act of bankruptcy or been declared insolvent under the Insolvency Law, and that they have not been declared bankrupt and that there are no bankruptcy proceedings or insolvency proceedings pending against them and/or against any of them.

• See “Certain Insolvency Law Considerations and Limitations on the Validity and Enforceability of Security Interests”.

• Insolvency Law in the Czech Republic Currently applicable provisions of Czech insolvency law are contained in Act No. 328/1991 Coll., as amended (the ‘‘Current Bankruptcy Code’’).

• Under any Insolvency Law, a person may claim that a transaction (including a payment) in connection with this Guarantee or this agreement is void or voidable.

More Definitions of Insolvency Law

Insolvency Law means any of the Bankruptcy and Insolvency Act (Canada), the Companies’ Creditors Arrangement Act (Canada) and the Winding-Up and Restructuring Act (Canada) and any other applicable insolvency or other similar law of any jurisdiction, including any applicable law of any jurisdiction permitting a debtor to obtain a stay or a compromise of the claims of its creditors against it;

Insolvency Law means Title 11 of the United States Code (11 U.S.C. §§ 101 et seq.) as the same has been or may be amended or superseded from time to time, or any other applicable domestic or foreign liquidation, conservatorship, bankruptcy, receivership, insolvency, reorganization, or any similar debtor relief laws affecting the rights, remedies, powers, privileges and benefits of creditors generally.

Insolvency Law means the Bankruptcy Code or similar law in any applicable jurisdiction.

Insolvency Law means the Insolvency Act 24 of 1936, as amended and Chapter 14 of the Companies Act 61 of 1973, read with item 9 of Schedule 5 of the Companies Act;

Insolvency Law means the law described in this paragraph or any law relating to any proceeding of the type referred to in Clause 25.6 (Insolvency) and Clause 25.7 (Insolvency proceeding) of this Agreement or any similar foreign law for the relief of debtors applicable to such Obligor.

Insolvency Law means the United States Bankruptcy Code of 1978, as amended from time to time, and all other applicable liquidation, conservatorship, bankruptcy, moratorium, arrangement, rearrangement, receivership, insolvency, reorganization, suspension of payments, winding up or composition, adjustment of debts marshaling of assets and liabilities or similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

Insolvency Law means the Federal Law “On Insolvency (Bankruptcy)” No. 127-FZ dated 26 October 2002 (as amended, supplemented or replaced from time to time).