Examples of Insolvency Proceedings in a sentence
Such notice period is not necessary, if (i) Partner has generally ceased to make payments, (ii) Partner is Insolvent or is subject to Insolvency Proceedings or (iii) there is reason to believe that observance of such notice period would adversely affect the retention of title, right or interest constituted with regard any or all the Reserved Assets.
Such right to terminate will be contingent upon Partner having provided evidence for Insolvency Proceedings taken by or against the relevant End User and SAP having confirmed, in SAP’s reasonable discretion, that the evidence provided by the Partner is satisfactory.
The Servicer is not the subject of any Insolvency Proceedings or Insolvency Event.
The Seller is not the subject of any Insolvency Proceedings or Insolvency Event.
The Borrower is not the subject of any Insolvency Proceedings or Insolvency Event.