Common use of Insolvency Proceedings Clause in Contracts

Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken with a view to a composition, assignment or arrangement with any creditors of any Obligor or Principal Subsidiary; or

Appears in 5 contracts

Samples: Second Supplemental Agreement (Adecco Sa), Facility Agreement (Adecco Sa), Agreement (Celltech Group PLC)

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Insolvency Proceedings. (a) Any formal step commencing legal proceedings (including petition, proposal petition or convening a meeting) is taken in respect of an Obligor or a Material Subsidiary with a view to a moratorium, a composition, assignment or arrangement with any class of creditors of any an Obligor or Principal a Material Subsidiary; or

Appears in 3 contracts

Samples: Facilities Agreement (Syngenta Ag), Agreement (Syngenta Ag), Agreement (Syngenta Ag)

Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken by any Obligor or Material Subsidiary with a view to a composition, assignment or arrangement with any creditors of any Obligor or Principal Subsidiaryits creditors; or

Appears in 2 contracts

Samples: Facility Agreement (Incentive Ab), Index (Cobe Laboratories Inc)

Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken with a view to a composition, assignment or arrangement with any creditors of any Obligor or Principal Subsidiarymember of the Group; or

Appears in 2 contracts

Samples: Agreement (Independent Energy Holdings PLC), Agreement (Hutchison Telecommunications International LTD)

Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken with a view to a composition, assignment or arrangement with any creditors of any Obligor a Borrower or Principal a Material Subsidiary; or

Appears in 2 contracts

Samples: Agreement (Entergy London Capital Lp), Agreement (System Energy Resources Inc)

Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken with a view to a composition, assignment or assignment, arrangement with any creditors of any Obligor or Principal Subsidiarythe Borrower; or

Appears in 2 contracts

Samples: Loan Agreement (Amkor Technology Inc), Loan Agreement (Amkor Technology Inc)

Insolvency Proceedings. (ai) Any any step (including petition, proposal or convening a meeting) is taken by the Borrower or the Guarantor with a view to a composition, assignment or arrangement with any creditors of any Obligor the Borrower or Principal Subsidiarythe Guarantor; or

Appears in 2 contracts

Samples: Syndicated Loan Agreement (New Fortress Energy LLC), Syndicated Loan Agreement (NFE Financial Holdings LLC)

Insolvency Proceedings. (a) Any formal step (including petition, proposal or convening a meeting) is taken by reason of financial difficulties with a view to a composition, assignment or arrangement with any creditors of any Obligor or Principal Subsidiaryan Obligor; or

Appears in 1 contract

Samples: Agreement (Telesystem International Wireless Inc)

Insolvency Proceedings. (aA) Any step (including petition, proposal or convening a meeting) is taken with a view to a moratorium or a composition, assignment or arrangement with any class of creditors of any Obligor or Principal Relevant Subsidiary; or

Appears in 1 contract

Samples: Agreement (Tomkins PLC)

Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken with a view to a composition, assignment or assignment, arrangement with any creditors of any Obligor or Principal Subsidiary; orthe Obligor;

Appears in 1 contract

Samples: Loan Agreement (Amkor Technology Inc)

Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken with a view to a composition, assignment or arrangement with any creditors of any Obligor or Principal Subsidiarymember of the Relevant Group; or

Appears in 1 contract

Samples: Agreement (Mattel Inc /De/)

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Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken with a view to a general moratorium, composition, assignment or arrangement with any its creditors generally of any an Obligor or Principal Subsidiary(other than the Finance Parties); or

Appears in 1 contract

Samples: Credit Agreement (British Energy Group PLC)

Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken with a view to a composition, assignment or arrangement with any creditors of the Borrower or any Obligor Material Subsidiary (including without limitation a “procédure de conciliation” or Principal Subsidiarya “mandat ad hoc”); or

Appears in 1 contract

Samples: Agreement (Schneider Electric Sa)

Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken with a view to a composition, assignment or arrangement with any creditors of the Borrower or any Obligor or Principal SubsidiaryObligor; or

Appears in 1 contract

Samples: Facility Agreement (Kenon Holdings Ltd.)

Insolvency Proceedings. (a) Any step (including petition, proposal or convening converting a meeting) is taken with a view to a composition, assignment or arrangement with any creditors of any an Obligor or Principal any Material Subsidiary; or

Appears in 1 contract

Samples: Agreement (Cousin Acquisition Inc)

Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken taken, by reason of financial difficulties, with a view to a composition, assignment or scheme of arrangement with any creditors of any Obligor the Borrower or a Principal Subsidiary; or

Appears in 1 contract

Samples: Agreement (National Grid Transco PLC)

Insolvency Proceedings. (ai) Any formal step (including petition, proposal or convening a meeting) is taken by, or on behalf of, any Obligor or any Material Operating Company with a view to a composition, assignment or arrangement with any creditors of any Obligor or Principal Subsidiaryany Material Operating Company; or

Appears in 1 contract

Samples: Credit Agreement (Trader Com Nv)

Insolvency Proceedings. (a) Any step (including petition, proposal or convening a meeting) is taken with a view to a composition, assignment or arrangement with any creditors of the Borrower or any Obligor or Principal Subsidiaryof the Guarantors; or

Appears in 1 contract

Samples: Revolving Facility Agreement (Vishay Precision Group, Inc.)

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