State of insolvency definition

State of insolvency means being bankrupt, having filed a notice of intention or a proposal under the BIA, or being subject to any similar proceedings under federal, provincial or foreign legislation.
State of insolvency means (i) with regard to the Target Group companies incorporated in Italy, the state of insolvency referred to in Article 5 of Royal Decree No. 267 of 16 March 1942, as supplemented or amended by any subsequent legislation; and (ii) with regard to the Target Group companies not incorporated in Italy, the similar cases provided for by foreign and/or subsequent legislation having similar purposes and/or effects to the provision referred to in point (i).
State of insolvency or ‘insolvent state’ means the time which a company is unable

Examples of State of insolvency in a sentence

  • In this way, the effects in a given State of insolvency proceedings opened in another Contracting State will be the same as in a domestic case.

  • Such an approach would move lawsuits to the Member State of insolvency proceedings based on Article 6(1) EIR 2015 even if insolvency proceedings do not yet exist.


More Definitions of State of insolvency

State of insolvency means the state of insolvency referred to in Article 5 of the Bankruptcy Law, as supplemented or amended by any subsequent measure, or the state of insolvency referred to in Article 3 of Legislative Decree No. 270 of July 8, 1999, as supplemented or amended by any subsequent measure.

Related to State of insolvency

  • Commonwealth Act means the Workplace Relations Act 1996 of the Commonwealth;

  • COMMONWEALTH OF PENNSYLVANIA SS COUNTY OF PHILADELPHIA : The undersigned, being duly sworn, deposes and says that:

  • primary insolvency jurisdiction means the Contracting State in which the centre of the debtor’s main interests is situated, which for this purpose shall be deemed to be the place of the debtor’s statutory seat or, if there is none, the place where the debtor is incorporated or formed, unless proved otherwise;

  • the Commonwealth Act means the legislation of the Commonwealth Parliament by which this agreement is authorized to be executed by or on behalf of the Commonwealth;

  • Commonwealth Citizen means any person who has the status of a Commonwealth citizen under the British Nationality Act 1981, not covered by the ‘UK Nationality’ definition above. This includes British Dependent Territories citizens (other than Gibraltarians), British Overseas citizens, and from 1986 those persons in the category British National (Overseas).

  • State of Utah means the State of Utah, in its entirety, including its institutions, agencies, departments, divisions, authorities, instrumentalities, boards, commissions, elected or appointed officers, employees, agents, and authorized volunteers.

  • Commonwealth means the Commonwealth of Australia and includes the Government for the time being thereof;

  • State of seminudity means a state of dress in which opaque clothing covers no more than:

  • State of the ship s registry” means, in relation to a registered ship, the State of registration of the ship and, in relation to an unregistered ship, the State whose flag the ship is entitled to fly.

  • Act of Insolvency means any act as such as defined by the Presidency Towns Insolvency Act or in Provincial Insolvency act or any amending status.

  • Commonwealth Minister means the local Minister within the meaning of the gas pipelines access legislation of the Commonwealth;

  • State of Registry means, in respect of an aircraft, the State on the national register of which an aircraft is entered or the State of location of the common mark registering authority maintaining the aircraft register.

  • Event of Insolvency means, for any Person:

  • State of emergency means a natural or man-made disaster or emergency for which a state of emergency has been declared by the President of the United States or the Governor, or for which a state of emergency has been declared by a municipal emergency management coordinator.

  • State of Charge means the operating parameter that represents the quantity of physical energy stored (measured in units of megawatt-hours) in an Energy Storage Resource Model Participant in proportion to its maximum State of Charge capability. State of Charge is quantified as defined in the PJM Manuals.

  • Laws means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law.

  • Insolvency Act means the Insolvency Xxx 0000.

  • the Commonwealth means the Commonwealth of Australia as the party to this agreement;

  • Georgia means the territory recognised by the international community within the state borders of Georgia, including land territory, internal waters and territorial sea, the air space above them, in respect of which Georgia exercises its sovereignty, as well as the contiguous zone, the exclusive economic zone and continental shelf adjacent to its territorial sea, in respect of which Georgia may exercise its sovereign rights in accordance with the international law;

  • Property Jurisdiction means the jurisdiction in which the Land is located.

  • Utah This Agreement is subject to limited regulation by the Utah Insurance Department. To file a complaint, contact the Utah Insurance Department. Coverage afforded under this Agreement is not guaranteed by the Utah Property and Casualty Guaranty Association. Proof of loss should be furnished by You to the Administrator as soon as reasonably possible. Failure to furnish such notice or proof within the time required by this Agreement does not invalidate or reduce a claim. CANCELLATION section is amended as follows: We can cancel this Agreement during the first sixty (60) days of the initial annual term by mailing to You a notice of cancellation at least thirty (30) days prior to the effective date of cancellation except that We can also cancel this Agreement during such time period for non-payment of premium by mailing You a notice of cancellation at least ten (10) days prior to the effective date of cancellation. After sixty (60) days have elapsed, We may cancel this Agreement by mailing a cancellation notice to You at least ten (10) days prior to the cancellation date for non-payment of premium and thirty (30) days prior to the cancellation date for any of the following reasons: (a) material misrepresentation, (b) substantial change in the risk assumed, unless the We should reasonably have foreseen the change or contemplated the risk when entering into the Agreement or (c) substantial breaches of contractual duties, conditions, or warranties. The notice of cancellation must be in writing to You at Your last known address and contain all of the following: (1) the Agreement number, (2) the date of notice, (3) the effective date of the cancellation and, (4) a detailed explanation of the reason for cancellation. ARBITRATION section is amended to include the following: Any matter in dispute between You and Us may be subject to arbitration as an alternative to court action pursuant to the rules of (the American Arbitration Association or other recognized arbitrator), a copy of which is available on request from Us. Any decision reached by arbitration shall be binding upon both You and Us. The arbitration award may include attorney's fees if allowed by state law and may be entered as a judgment in any court of proper jurisdiction.

  • United States Bankruptcy Code means the Bankruptcy Reform Act of 1978, as amended and as codified in Title 11 of the United States Code, as amended from time to time hereafter, or any successor federal bankruptcy law.

  • Uniform Commercial Code jurisdiction means any jurisdiction that has adopted all or substantially all of Article 9 as contained in the 2000 Official Text of the Uniform Commercial Code, as recommended by the National Conference of Commissioners on Uniform State Laws and the American Law Institute, together with any subsequent amendments or modifications to the Official Text.

  • STATE OF ss.: COUNTY OF ) On this ___ day of ________, 19__, before me, a notary public in and for the State of ____________, personally appeared __________ _________, known to me who, being by me duly sworn, did depose and say that he resides at __________________________; that he is the ____________________ of First Union National Bank, a national banking association, one of the parties that executed the foregoing instrument; and that he signed his name thereto by order of the Board of Directors of said association. Notary Public [NOTARIAL SEAL]

  • Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • AT&T WISCONSIN means the AT&T owned ILEC doing business in Wisconsin.