Bankruptcy or Insolvency means the dissolution or termination of Company’s existence, insolvency, employment of receiver for any part of Company’s property and such appointment is not terminated within ninety (90) days after such appointment is initially made, any general assignment for the benefit of creditors or the commencement of any proceedings under any bankruptcy or insolvency laws by or against Company and such proceedings are not dismissed within ninety (90) days after the filing thereof.
Bankruptcy or Insolvency means the dissolution or termination of a Party’s existence as a going business, insolvency, appointment of receiver for any part of a Party’s property and such appointment is not terminated within ninety (90) days after such appointment is initially made, any general assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against such Party, and such proceeding is not dismissed within ninety (90) days after the filing thereof.
Bankruptcy or Insolvency means the dissolution or termination of a Party’s existence as a going business, insolvency, appointment of receiver for any part of such Party’s property and such appointment is not terminated within ninety (90) days after such appointment is initially made, any general assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against such Party and such proceeding is not dismissed within ninety (90) days after the filing thereof.
Examples of Bankruptcy or Insolvency in a sentence
In the event of the Customer's Bankruptcy or Insolvency the Trustee or Liquidator shall at his own expense remove the goods, title in which shall not have passed to the Customer, and return them to us at his expense.
Bankruptcy or Insolvency In the event that You should become bankrupt or insolvent We shall not be relieved thereby of the payment of any claims hereunder because of such bankruptcy or insolvency.
The defaulting Party shall be given sixty (60) Days from the receipt of such notice to cure such default; provided, however, that there shall be no cure period for defaults under Section 10.2.1 Bankruptcy or Insolvency Events) and the cure period is limited to five (5) Days for defaults under Section 10.2.2 (Security).
Bankruptcy or Insolvency If the Company shall become bankrupt or insolvent, the principal and all accrued interest on the loan and any other dues shall thereupon become due and payable forthwith and may be recovered by possessing and disposing off the assets of the company on which IITK holds lien, anything in this Agreement to the contrary notwithstanding.
Bankruptcy or Insolvency of the Assured or of the Assured's estate shall not relieve the Underwriters of any of their obligations hereunder.
More Definitions of Bankruptcy or Insolvency
Bankruptcy or Insolvency is defined in the Intercreditor Agreement.
Bankruptcy or Insolvency means shall mean the dissolution or termination of Company’s existence as a going business, insolvency, appointment of a receiver for any part of Company’s property where such appointment is not terminated within ninety (90) days after such appointment is initially made, any general assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Company where such proceeding is not dismissed within ninety (90) days after the filing thereof); or
Bankruptcy or Insolvency means the dissolution or termination of a Builder’s existence as a going business, insolvency, appointment of receiver for any part of such Builder’s property and such appointment is not terminated within one hundred twenty (120) days after such appointment is initially made, any general assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against such Builder and such proceeding is not dismissed within one hundred twenty (120) days after the filing thereof.
Bankruptcy or Insolvency means any Partner's or the Partnership's filing in any court pursuant to any statute of the United States or of any state, of a petition in bankruptcy or insolvency, any Partner's or the Partnership's filing for reorganization or for appointment of a receiver or trustee of all or a material portion of the Partner's or Partnership's assets; the making by any Partner or the Partnership of an assignment for the benefit of creditors; the admission by any Partner or the Partnership in writing of its inability to pay its debts as they fall due; or any Partner's or the Partnership's seeking, consenting to or acquiescing in the appointment of a trustee, receiver or liquidator of any material portion of its property. The phrase "bankruptcy or insolvency" shall also include the filing against any Partner or the Partnership in any court pursuant to any statute of the United States or of any State, of a petition in bankruptcy or insolvency, or for the reorganization, or for appointment of a receiver or a trustee of all or a substantial portion of the Partner's or Partnership's property, and within ninety (90) days after such commencement of any such proceeding against the Partner or Partnership such petition shall not have been dismissed (or satisfactory evidence that such Partner or Partnership is diligently contesting such petition shall not have been received by the other Partners, provided such other Partner is not otherwise in default hereunder). In addition, if the whole or any portion of the Partnership Interest of any Partner is subject to levy or attachment, and such levy or attachment is not released or discharged within sixty (60) days, such Partner shall be deemed "bankrupt or insolvent" for purposes of this Agreement.
Bankruptcy or Insolvency has the meaning given in the Indenture.
Bankruptcy or Insolvency means the dissolution or termination of Trinity Plaza’s existence as a going business, insolvency, appointment of receiver for any part of Trinity Plaza’s property and such appointment is not terminated within ninety (90) days after such appointment is initially made, any general assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Trinity Plaza and such proceeding is not dismissed within ninety (90) days after the filing thereof.
Bankruptcy or Insolvency means the dissolution or termination of a Party’s existence as a going business, insolvency, appointment of receiver for any part of such Party’s property and such appointment is not terminated within ninety (90) days after such