Liquidation Proceedings definition
Liquidation Proceedings means the proceedings aimed to provide satisfaction, as laid down in this Act, to the creditors of an insolvent debtor upon its winding-up without succession.
Liquidation Proceedings has the meaning set forth in the Recitals to this Agreement.
Liquidation Proceedings refers to the TOEMT 1 liquidation Proceeding and the TOEMT 2 liquidation Proceeding;
Examples of Liquidation Proceedings in a sentence
For the avoidance of doubt, all other assets of the Company Parties (other than Acquired Assets) and all other liabilities of the Company Parties (other than Assumed Liabilities) shall be deemed “Excluded Assets” and “Excluded Liabilities”, respectively, and shall not be acquired or assumed (as applicable) under the APA, and shall instead become subject to and treated in accordance with the Liquidation Proceedings (as defined below).