Insolvent/Insolvency definition
Insolvent/Insolvency means that:
Insolvent/Insolvency means when an Obligor shall:
(a) enter into; and/or
(b) itself apply for; and/or SPECIMEN
(c) call meetings of members and/or partners and/or creditors with a view to; One or more of:
(a) a moratorium of debt,
(b) an interim order,
(c) administration or receivership (of any kind),
(d) liquidation (of any kind including provisional), bankruptcy (including appointment of an interim receiver),
(e) composition and/or arrangement (whether under deed or otherwise) with creditors and shall include events under the laws of jurisdictions outside England, which, in the opinion of the Insurer, would have a substantially similar effect.