Common use of Analogous proceedings Clause in Contracts

Analogous proceedings. there occurs, in relation to any Security Party or Navios GP, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.6 to 10.1.12 (inclusive) or any Security Party or Navios GP otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Analogous proceedings. there occurs, in relation to any Security Party or Navios GPot, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the AgentLender, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.6 to 10.1.12 10.1.11 (inclusive) or any Security Party or Navios GP otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Analogous proceedings. there occurs, in relation to any Security Party or Navios GPany Group Member, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Agent, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.6 to 10.1.12 (inclusive) or any Security Party or Navios GP any Group Member otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Analogous proceedings. there occurs, in relation to any Security Party or Navios GPParty, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their assets is subject, any event which, in the reasonable opinion of the Agent, appears which in that country or territory to correspond corresponds with, or have an effect equivalent or similar to, any of those mentioned in clauses 10.1.6 to 10.1.12 Clause 9.1 paragraphs (f) (Legal process) through (l) (Compositions) (inclusive) or any Security Party or Navios GP otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or