Common use of Moratorium or arrangement with creditors Clause in Contracts

Moratorium or arrangement with creditors. A moratorium in respect of all or any debts of any Obligor or a composition or an arrangement with creditors of any Obligor or any similar proceeding or arrangement by which the assets of any Obligor are submitted to the control of its creditors is applied for, ordered or declared or any Obligor commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of all or a significant part of its Financial Indebtedness.

Moratorium or arrangement with creditors. A moratorium in respect of all or any debts of any Obligor member of the Group or a composition or an arrangement with creditors of any Obligor member of the Group or any similar proceeding or arrangement by which the assets of any Obligor member of the Group are submitted to the control of its creditors is applied for, ordered or declared or any Obligor member of the Group commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of all or a significant part of its Financial Indebtedness.

Moratorium or arrangement with creditors. A moratorium in respect of all or any debts of any Obligor member of the Group or a composition or an arrangement with creditors of any Obligor member of the Group or any similar proceeding or arrangement by which the assets of any Obligor member of the Group are submitted to the control of its creditors is applied for, ordered or declared or any Obligor commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of all or a significant part of its Financial Indebtednessor, [*].

Moratorium or arrangement with creditors. A moratorium in respect of all or any debts of any Obligor member of the Group or a composition or an arrangement with creditors of any Obligor member of the Group or any similar proceeding or arrangement by which the assets of any Obligor member of the Group are submitted to the control of its creditors is applied for, ordered or declared or any Obligor commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of all or a significant part of its Financial Indebtednessor, [**].

Moratorium or arrangement with creditors. A moratorium in respect of all or any debts of any Obligor or a composition or to an arrangement with creditors of any Obligor or any similar proceeding or arrangement by which the assets of any Obligor are submitted to the control of its creditors is applied for, ordered or declared or any Obligor commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of all or a significant part of its Financial Indebtedness.