European Insolvency Regulation definition

European Insolvency Regulation means regulation (EU) 2015/848 of the European Parliament and of the Council of May 20, 2015 on insolvency proceedings (recast).
European Insolvency Regulation means Council Regulation (EC) No. 1346/2000 of May 29, 2012 on Insolvency Proceedings, as amended from time to time.
European Insolvency Regulation has the meaning provided in Section 5.18.

Examples of European Insolvency Regulation in a sentence

  • This recognition should not be based on the European Insolvency Regulation or the Rome I Regulation, but on the Brussels I Regulation, on the basis that the court order sanctioning a scheme must be considered a judgment within the Brussels I Regulation.

  • As mentioned in the introduction above, the English courts have also been conscious that the combined effect of the European Insolvency Regulation and the Brussels I Regulation has been very substantially to curtail the international jurisdiction of the English court to wind up companies.

  • A scheme of arrangement under Part 26 of the Companies Act 2006 does not fall within the definition of Article 1(1) of the European Insolvency Regulation as to what constitutes insolvency proceedings for the purposes of the text.

  • The European Insolvency Regulation contains uniform rules on jurisdiction in relation to insolvency proceedings.

  • Similarly, issues that fall outside the scope of application of the European Insolvency Regulation are included in the scope of the Brussels I Regulation (provided, of course, that they are civil or commercial matters that are not excluded from the scope of application of the Brussels I Regulation for some other reason, for example because they concern arbitration, cf.


More Definitions of European Insolvency Regulation

European Insolvency Regulation means the Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings.
European Insolvency Regulation has the meaning assigned to such term in Section 3.20.
European Insolvency Regulation means Section 3(1) of the European Council Regulation (EC) No. 1346/2000 on Insolvency Proceedings.
European Insolvency Regulation has the meaning provided in Section 5.18. “Event of Default” has the meaning provided in Section 8.01. “Event of Loss” means, with respect to any property, (i) the actual or constructive total loss of such property or the use thereof resulting from destruction, damage beyond repair, or the rendition of such property permanently unfit for normal use from any casualty or similar occurrence whatsoever, (ii) the destruction or damage of a portion of such property from any casualty or similar occurrence whatsoever, (iii) the condemnation, confiscation or seizure of, or requisition of title to or use of, any property, or (iv) in the case of any property located upon a leasehold, the termination or expiration of such leasehold. “Excess Cash Flow” means, for any fiscal year of the U.S. Borrower (or, for the fiscal year ending December 31, 2018, the period beginning on the first day of the first full fiscal quarter beginning after the Closing Date and ending on December 31, 2018), an amount equal to the sum of:
European Insolvency Regulation means Council Regulation (EC) No. 1346/2000 of May 29, 2012 on Insolvency Proceedings, as amended from time to time. “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. “EURIBOR” means the Euro Interbank Offered Rate, as administered by the European Money Markets Institute (or any other Person that takes over the administration of such rate) for a period equal in length to such Interest Period, as displayed on the applicable Reuters page (or on any successor or substitute page or service providing such quotations as determined by the Administrative Agent from time to time). “EURIBOR Rate” means, for any day, with respect to any Credit Extension denominated in Euros, the rate per annum equal to EURIBOR determined pursuant to the definition thereof; provided that in no event shall the EURIBOR Rate be less than 0.00% per annum for the purposes of this Agreement. “EURIBOR Rate Revolving Loan” means a Revolving Loan that bears interest at a rate based on the definition of “EURIBOR Rate.” All EURIBOR Rate Revolving Loans must be denominated in Euros. “Event of Default” has the meaning assigned to such term in Article 7. “Exchange Act” means the Securities Exchange Act of 1934 and the rules and regulations of the SEC promulgated thereunder. “Exchange Currency” has the meaning assigned to such term in the definition of “Exchange Rate”. “Exchange Rate” means on any day with respect to any currency (the “Initial Currency”), the rate at which such currency may be exchanged into another currency (the “Exchange Currency”), as set forth at approximately the close of business on the Business Day that such conversion is to be made (or, if such conversion is to be made before close of business on such Business Day, then at approximately the close of business on the immediately preceding Business Day) on such day on the Reuters World Currency Page for the Initial Currency; in
European Insolvency Regulation means Council Regulation (EC) No. 1346/2000 of May 29, 2012 on Insolvency Proceedings, as amended from time to time. “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. “EURIBOR” means the Euro Interbank Offered Rate, as administered by the European Money Markets Institute (or any other Person that takes over the administration of such rate) for a period equal in length to such Interest Period, as displayed on the applicable Reuters page (or on any successor or substitute page or service providing such quotations as determined by the Administrative Agent from time to time. “EURIBOR Rate” means, for any day, with respect to any Credit Extension denominated in Euros, the rate per annum equal to EURIBOR determined pursuant to the definition thereof; provided that in no event shall the EURIBOR Rate be less than 0.75% per annum for the purposes of this Agreement. “EURIBOR Rate Revolving Loan” means a Revolving Loan that bears interest at a rate based on the definition of “EURIBOR Rate.” All EURIBOR Rate Revolving Loans must be denominated in Euros. “Event of Default” has the meaning assigned to such term in Article 7. “Excess Cash Flow” means, for any Test Period ending on the last day of any Fiscal Year, an amount (if positive) equal to: (a) the sum, without duplication, of the amounts for such period of the following: (i) Consolidated Net Income for such period, plus (ii) the Consolidated Working Capital Adjustment for such period, plus (iii) Cash gains of the type excluded from the definition of “Net Income” to the extent not otherwise included in calculating Consolidated Net Income (except to the extent such gains consist of proceeds applied pursuant to Section 2.11(b)(ii)), minus -38- #96942867v160458181 #96942867v1
European Insolvency Regulation shall have the meaning provided in Section 7.29.