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.
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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.]
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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.
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Related to acquiescing

  • Petition means a written request to the court for an order after notice.

  • Intervenor means any person who, upon written petition, is permitted to intervene in a specific proceeding before the board.

  • Insolvency Proceeding means any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or any other insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action for the dissolution of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets of the Mortgage Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of a trustee, receiver or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or any other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage Loan Borrower, except following a sale, transfer or other disposition of all or substantially all of the assets of the Mortgage Loan Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however, that following any such permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement shall be defined to mean the successor owner of the Mortgaged Property from time to time as may be permitted pursuant to the Mortgage Loan Documents; provided, further, however, that for the purposes of this definition, in the event that more than one entity comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.