acquiescing definition
acquiescing means (i) the failure to file, within twenty (20) days after its entry, a petition, answer or motion to vacate or to discharge any order, judgment or decree providing for any relief under any such law, (ii) the failure to obtain dismissal of any such involuntary action filed against the Member within sixty (60) days of its filing, or (iii) the filing of any pleading in any such involuntary proceeding admitting any of the material allegations of such bankruptcy or other such filing or petition.
acquiescing means (i) the failure to file, within 997 twenty (20) days after its entry, a petition, answer or motion to vacate or to 998 discharge any order, judgment or decree providing for any relief under any 999 such law, (ii) the failure to obtain dismissal of any such involuntary action filed 1000 against the Member within sixty (60) days of its filing, or (iii) the filing of any 1001 pleading in any such involuntary proceeding admitting any of the material 1002 allegations of such bankruptcy or other such filing or petition. [DRAFTING 1003 NOTE: See Section III.I of the Accompanying Article. The drafter should 1004 give careful consideration to whether bankruptcy or a similar proceeding 1005 should trigger the consequences set forth herein and whether the breadth of 1006 this definition is appropriate, including the time periods for acquiescing to a 1007 third party proceeding.]
acquiescing includes the failure to file a petition or motion to vacate or discharge any order, judgment or decree providing for the appointment of a trustee, receiver, conservator or liquidator within the time specified by law.