Bankruptcy or Liquidation. The membership interest and option granted hereunder shall immediately revert to MercExchange if the Company seeks protection under the Bankruptcy laws or is subject to liquidation under the laws of the United States.
Bankruptcy or Liquidation. In the Event of an Exhibitor becoming bankrupt or entering into liquidation other than for the purpose of reconstruction or amalgamation, or having a Receiver appointed, the Organiser shall be at liberty to terminate forthwith the contract with such an Exhibitor, and all sums paid by the Exhibitor under the contract shall be forfeited.
Bankruptcy or Liquidation. If the CONTRACTOR shall become bankrupt or insolvent, or have a receiving order made against it, or present a petition in bankruptcy or make an arrangement with or an assignment in favour of its creditors, or shall agree to carry out the CONTRACT under a Committee of Inspection of its creditors, or commence to be wound up (not being a member's voluntary winding up for the sake of reconstruction), or shall carry on its business under a receiver for the benefit of its creditors or any of them then the OPERATOR shall be at liberty either
Bankruptcy or Liquidation. The license options granted hereunder shall immediately revert to MercExchange if the Company seeks protection under the Bankruptcy laws or is subject to liquidation under the laws of the United States.
Bankruptcy or Liquidation. The License Grant hereunder shall immediately revert to MercExchange if MercTravel seeks protection under Bankruptcy laws or is subject to liquidation under the laws of the United States.
Bankruptcy or Liquidation. Upon the event of: (a) any insolvency or bankruptcy proceedings, or any receivership, liquidation, reorganization or other similar proceedings with respect to the Company; (b) any proceedings for voluntary liquidation, dissolution or other winding up of the Company (whether or not involving insolvency or bankruptcy proceedings); or (c) any distribution, division or application, partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or substantially all of the property, assets or business of the Company or the proceeds thereof to any creditor or creditors other than in the ordinary course of business (including without limitation any marshaling of assets), all Senior Debt shall be paid in full in cash (or other property acceptable to the holders of Senior Debt in their sole determination) before any payment or distribution, direct or indirect, whether in cash, securities, property or otherwise, shall thereafter be made on the Debentures; PROVIDED, HOWEVER, that this provision shall not preclude the Lenders from (i) exercising their conversion rights under Section 7 hereof and receiving the Preferred Shares issuable upon such conversion or (ii) exchanging the Debentures for other securities which are subordinated in right of payment to the Senior Debt on terms which are no more favorable to the Lenders than the terms of this Section 11.
Bankruptcy or Liquidation. 14.1If the Seller being an individual shall at any time become bankrupt or shall having a receiving order or administration order made against him or shall make any composition or arrangement with, or for the benefit of his creditors, or shall make any conveyance or assignment for the benefit of his creditors or shall purport to do so, or if the Seller, being a company shall be wound up (not being a member’s winding up for the purpose of reconstruction or amalgamation) or if a receiver, or manager on behalf of a creditor, shall be appointed, or if circumstances shall arise which entitle the court or a creditor to appoint a receiver or manager, or which entitle the court to make a winding up order, then the buyer shall be at liberty:
Bankruptcy or Liquidation. If any Subordinated Party or the Borrower becomes bankrupt, enters into a composition or makes any arrangement with its creditors, or is dissolved, liquidated or wound up (such party, for the purposes of this Section, referred to as the "Insolvent Obligor"), none of the other Subordinated Parties (and the Borrower as applicable) shall claim, rank, prove or vote as a creditor of the Insolvent Obligor or its estate in competition with EBRD in respect of any amounts owing to a Subordinated Party (or the Borrower) by such Insolvent Obligor on any account whatsoever, but instead shall give EBRD the benefit of any such proof and of all amounts to be received in respect of that proof until all Senior Indebtedness has been fully paid.
Bankruptcy or Liquidation. 12.1 If the Supplier being an individual (or being a firm, any partner in the firm) shall commit any act of bankruptcy or being a company becomes insolvent or makes an arrangement with its creditors or has a receiver appointed or a receiver and manager or administrator appointed or commences to be wound up whether compulsorily or voluntarily (other than for the purposes of bone fide amalgamation or reconstruction and the resultant company is or agrees to be bound by the terms hereof) then the Company shall be entitled to cancel this Purchase Order forthwith by notice in writing to the Supplier (or any receiver liquidator manager or administrator) without limiting the rights or remedies that may be available to the Company.
Bankruptcy or Liquidation. 10.1 If the Supplier has a receiver or administrator appointed to thewhole or any part of its assets, or if an order is made or a resolution is passed winding up the Supplier, then unless such order or resolution is part of a scheme of reconstruction or arrangement CCEP will be at liberty:
