Material Action Clause Samples
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Material Action. To file any insolvency or reorganization case or proceeding, to institute proceedings to have the Partnership be adjudicated bankrupt or insolvent, to institute proceedings under any applicable insolvency law, to seek any relief under any law relating to relief from debts or the protection of debtors, to consent to the filing or institution of bankruptcy or insolvency proceedings against the Partnership, to file a petition seeking, or consent to, reorganization or relief with respect to the Partnership under any applicable federal or state law relating to bankruptcy or insolvency, to seek or consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator, custodian, or any similar official of or for the Partnership or a substantial part of its property, to make any assignment for the benefit of creditors of the Partnership, to admit in writing the Partnership’s inability to pay its debts generally as they become due, or to take action in furtherance of any of the foregoing. Note Documents. Has the meaning ascribed to such term in the Indenture. Notice to Partners. See Section 8.3(a).
Material Action. To file any insolvency, or reorganization case or proceeding, to institute proceedings to have any Borrower or any SPE Entity be adjudicated bankrupt or insolvent, to institute proceedings under any applicable insolvency law, to seek any relief under any law relating to relief from debts or the protection of debtors, to consent to the filing or institution of bankruptcy or insolvency proceedings against such Borrower or SPE Entity, to file a petition seeking or consent to, reorganization or relief with respect to such Borrower or SPE Entity under any applicable federal or state law relating to bankruptcy or insolvency, to seek or consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator, custodian, or any similar official of or for the Borrower or any SPE Entity or a substantial part of its property, to make any assignment for the benefit of creditors of such Borrower or SPE Entity, to admit in writing such Borrower’s or SPE Entity’s inability to pay its debts generally as they become due, or to take action in furtherance of any of the foregoing.
Material Action. The term “Material Action” means to file any insolvency, or reorganization case or proceeding, to institute proceedings to have the Borrower be adjudicated bankrupt or insolvent, to institute proceedings under any applicable insolvency law, to seek any relief under any law relating to relief from debts or the protection of debtors, to consent to the filing or institution of bankruptcy or insolvency proceedings against the Borrower, to file a petition seeking, or consent to, reorganization or relief with respect to the Borrower under any applicable federal or state law relating to bankruptcy or insolvency, to seek or consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator, custodian, or any similar official of or for the Borrower or a substantial part of its property, to make any assignment for the benefit of creditors of the Borrower, to admit in writing the Borrower’s inability to pay its debts generally as they become due, or to take action in furtherance of any of the foregoing.
Material Action. Each material instance of any action or non-action by WANRack contrary to the terms of this Agreement that is not cured after 30 days’ notice –$500 per day.
Material Action. 21 Section 2.11 Proofs of Claim............................................................ 23 Section 2.12 Subrogation..............................................................
Material Action. Each material instance of any action or non-action by TENANT contrary to the terms of this Agreement that is not cured after 30 days’ notice-$500 per day.
Material Action. Prior to the Corporation taking any Material Action, the Corporation shall give written notice (the “Material Action Notice”) of such Material Action to each record holder of Series A Preferred not more than 60 nor less than 30 days prior to the date on which such Material Action is proposed to be taken, which Material Action Notice shall set forth the Material Action to be taken in reasonable detail, and each holder of Series A Preferred shall have the right to require the Corporation to repurchase all or any portion of such holder’s Shares at the Repurchase Price (as defined below) pursuant to the terms of this Section 4.5.