Examples of Insolvency Act in a sentence
In the event of the firm being adjudged insolvent or having a receiver appointed for it by a court or any other order under the Insolvency Act made against them or in the case of a company the passing any resolution or making of any order for winding up, whether voluntary or otherwise, or in the event of the firm failing to comply with any of the conditions herein specified AIIMS, Jodhpur shall have the power to terminate the contract without any prior notice.
In the event of any institution of proceedings by or against Provider in bankruptcy or insolvency, or under any provision of the Bankruptcy and Insolvency Act (Canada) or if there is an appointment of receiver or trustee or an assignment for the benefit of creditors of Provider, Audiokinetic may cancel the Purchase Order by giving Provider notice thereof without liability to Provider therefor and without waiving any remedies it may have.
The Seller warrants to the Purchaser that if any proceedings of any kind referred to in Section 34 of the Insolvency Act No.24 of 1936, are instituted prior to the date of transfer, it will immediately pay all amounts due by it to the entity that has instituted such proceedings.
The Authority shall regard the Contractor as being unable to pay their debts if: they have failed to comply with or to set aside a Statutory demand under Section 268 of the Insolvency Act 1986 within twenty-one (21) days of service of the Statutory Demand on them; or execution or other process to enforce a debt due under a judgement or order of the court has been returned unsatisfied in whole or in part.
In Schedule 1 (Definitions) to the Core Services Call-Off Terms, reference to “section 123 of the Insolvency Act 1986" in limb f) of the definition of Insolvency Event shall be replaced with “Article 103 of the Insolvency (NI) Order 1989”.