Insolvency Law Sample Clauses
The Insolvency Law clause defines how the contract will be affected if one of the parties becomes insolvent or enters bankruptcy proceedings. Typically, this clause outlines the rights and obligations of each party in such an event, such as the ability to terminate the agreement, suspend performance, or claim outstanding debts. Its core function is to provide a clear framework for managing contractual relationships when insolvency occurs, thereby reducing uncertainty and protecting the interests of both parties.
Insolvency Law. The Bankruptcy Code or similar bankruptcy, insolvency, reorganization or creditors’ rights law in any state or other foreign jurisdiction.
Insolvency Law. Collectively, with respect to any Person, any liquidation, insolvency, bankruptcy, moratorium, reorganization, or similar law applicable to such Person.
Insolvency Law. The Bankruptcy Code, any state insolvency scheme or any similar Applicable Law in Barbados or in any other applicable jurisdiction.
Insolvency Law. Each of the Bankruptcy Code, the Companies Act 1981 of Bermuda, the Bankruptcy Code and Insolvency Act of Barbados or other similar Applicable Law in any other applicable jurisdiction.
Insolvency Law. 1. Business Insolvency
2. Personal Insolvency (Chapter Proceedings)
3. Creditors Rights
Insolvency Law. The Bankruptcy Code or similar Applicable Law. Intangibles: Goodwill and other items shown as intangible on such Person’s balance sheet as determined in accordance with GAAP.
Insolvency Law. 3 Interest................................................ 3
Insolvency Law. The Bankruptcy Code or similar insolvency, reorganization or debtor’s rights law of any applicable jurisdiction in each case whether now or hereafter in effect. Insolvency Proceeding: For any Person, any of the following events:
Insolvency Law. Collectively, with respect to any Person, any liquidation, insolvency, bankruptcy, moratorium, re organization, or similar law applicable to such Person, in effect now or after the Effectiv e Date of this Lease.
Insolvency Law. Each of the Bankruptcy Code, the Companies ▇▇▇ ▇▇▇▇ of Bermuda, the Bankruptcy Code and Insolvency Act of Barbados or other similar Applicable Law in any other applicable jurisdiction. Insolvency Proceeding. Any Proceeding under any applicable Insolvency Law. Instrument. Any “instrument,” as such term is defined in Section 9-102(a)(47) of the UCC.