Argentine Bankruptcy Law definition

Argentine Bankruptcy Law means the Argentine Bankruptcy Law N(0) 24,522 as amended.
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Argentine Bankruptcy Law means the Argentine Bankruptcy law No. 24,522, as amended, supplemented or otherwise modified from time to time.
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Argentine Bankruptcy Law has the meaning set forth in the recitals hereof.
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Examples of Argentine Bankruptcy Law in a sentence

  • Any transaction entered into or performed by the parties to the Note Documents, within the suspicion period (which can comprise up to two years preceding the date of the bankruptcy declaration) is subject to the provisions of Sections 118 and 119 of the Argentine Bankruptcy Law.

  • Section 118 of the Argentine Bankruptcy Law sets forth that any of the following acts performed within the suspicion period are automatically null and void upon declaration by the bankruptcy court: (i) transactions without consideration; (ii) anticipated or advance payments of debts scheduled to mature on the date of the bankruptcy or thereafter, and (iii) the granting of a mortgage ( hipoteca), a pledge (prenda) or any other kind of security interest with respect to originally unsecured obligations.

  • In particular, in the case of a bankruptcy declared against the Guarantor, certain secured creditors (including without limitation, certain creditors of the bankrupt party with a pledge or mortgage or with a preferred payment right created by the Argentine Bankruptcy Law N° 24,522, as amended (the “Argentine Bankruptcy Law”) and creditors under and in connection with taxes, court related expenses, salaries and social security charges) are granted a preferential treatment.

  • In case of bankruptcy, un-der Section 127 of the Argentine Bankruptcy Law, the debtor’s obligations would be expressed in Argentine Pesos, at the exchange rate determined by the bankruptcy court to be in effect on the date the bankruptcy was declared by the bankruptcy court or, at the creditor’s option, on the maturity date of each such obligation, if earlier.

  • The Argentine Bankruptcy Law was later amended to allow production to continue, as well as change of ownership during bankruptcy.

  • Among these the Argentine Congress passed two laws amending the Argentine Bankruptcy Law 24,522 (ABL).

  • Further, if Respondent has reason to believe that the design, service, process, or product specified is an infringement of an Intellectual Property right, it shall promptly give such information to the Corporation and City.

  • Cardenas, International Lending: Subordination of Foreign Claims Under Argentine Bankruptcy Law, in DEFAULT AND RESCHEDULING 63 (David Suratgar ed., 1984).

  • Argentine Bankruptcy Law only applies to companies incorporated or regis- tered in Argentina, or exceptionally, to those assets located in Argentina belonging to individuals or companies domiciled or registered abroad.

  • The main insolvency proceedings provided under the Argentine Bankruptcy Law 24,522, as amended by Laws 25,563 and 25,589 (the "Bankruptcy Law") are: (i) the ìacuerdo preventivo extrajudicialî procedure or ìAPEî (Out-of Court Reorganization Procedure), (ii) the ìconcurso preventivoî, (iii) the special bidding process, and (iv) bankruptcy.


More Definitions of Argentine Bankruptcy Law

Argentine Bankruptcy Law has the meaning assigned to such term in the recitals of this Agreement.
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Argentine Bankruptcy Law has the meaning set forth in Section 4.1.
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Argentine Bankruptcy Law has the meaning specified in the Recitals herein.
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Related to Argentine Bankruptcy Law

  • Bankruptcy Law means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

  • Bankruptcy Laws has the meaning specified in Section 10.09.

  • Insolvency Law means the Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments and similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Insolvency Laws The Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments, or similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Bankruptcy Party has the meaning assigned in Section 9.7.

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.

  • Bankruptcy Proceeding means any case, action or proceeding before any court or other Governmental Authority relating to any Bankruptcy Event.

  • U.S. Bankruptcy Code means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Insolvency or Liquidation Proceeding means, with respect to any Person, any liquidation, dissolution or winding up of such Person, or any bankruptcy, reorganization, insolvency, receivership or similar proceeding with respect to such Person, whether voluntary or involuntary.

  • Bankruptcy Code means Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter in effect, or any successor statute.

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.

  • Debtor Relief Law means the Bankruptcy Code and any other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief law of the United States or other applicable jurisdiction from time to time in effect.

  • Debtor in bankruptcy means a person that is the subject of:

  • Applicable Insolvency Laws means all Applicable Laws governing bankruptcy, reorganization, arrangement, adjustment of debts, relief of debtors, dissolution, insolvency, fraudulent transfers or conveyances or other similar laws (including, without limitation, 11 U.S.C. Sections 544, 547, 548 and 550 and other “avoidance” provisions of Title 11 of the United States Code, as amended or supplemented).

  • Insolvency Act means the Insolvency Xxx 0000;

  • Federal Bankruptcy Code means Title 11 of the United States Code entitled “Bankruptcy,” as amended and any successor statute thereto.

  • Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • Receivership means a proceeding in which a receiver is appointed.

  • Debtor Relief Laws means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

  • Insolvency Proceedings means bankruptcy, liquidation or other collective judicial or administrative proceedings, including interim proceedings, in which the assets and affairs of the debtor are subject to control or supervision by a court for the purposes of reorganisation or liquidation;

  • Liquidator has the meaning set forth in Section 13.2.A hereof.

  • Insolvency Regulation means the Council Regulation (EC) No.1346/2000 29 May 2000 on Insolvency Proceedings.

  • Bankruptcy Loss With respect to any Mortgage Loan, a Deficient Valuation or Debt Service Reduction; provided, however, that a Bankruptcy Loss shall not be deemed a Bankruptcy Loss hereunder so long as the Master Servicer has notified the Trustee in writing that the Master Servicer is diligently pursuing any remedies that may exist in connection with the related Mortgage Loan and either (A) the related Mortgage Loan is not in default with regard to payments due thereunder or (B) delinquent payments of principal and interest under the related Mortgage Loan and any related escrow payments in respect of such Mortgage Loan are being advanced on a current basis by the Master Servicer, in either case without giving effect to any Debt Service Reduction or Deficient Valuation.

  • Bankruptcy Custodian means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.