Bankruptcy or Insolvency Proceeding definition

Bankruptcy or Insolvency Proceeding means any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization, assignment for the benefit of creditors or other similar case or proceeding for the liquidation, dissolution, reorgan- ization or winding up of the Borrower, or of all or any portion of the property of Borrower, whether voluntary or involuntary, partial or complete.

Bankruptcy or Insolvency Proceeding means, in relation or with respect to any Debtor or any other Person, (a) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding, relative to such Person or to its creditors, as such, or to its Property, (b) any liquidation, dissolution, reorganization or winding up of such Person, whether voluntary or involuntary, partial or complete, and whether or not involving receivership, insolvency or bankruptcy, or (c) any assignment for the benefit of creditors of such Person, or any other marshalling of Property or liabilities of such Person.

Bankruptcy or Insolvency Proceeding means any bankruptcy, civil rehabilitation, corporate reorganization or special liquidation proceeding.

Examples of Bankruptcy or Insolvency Proceeding in a sentence

• The Subordinated Creditor will not commence or institute, or join with any other Person or Persons in com- mencing or instituting, any Bankruptcy or Insolvency Proceeding.

• The Subordinated Creditor will not commence or institute, or join with any other Person or Persons in commencing or instituting, any Bankruptcy or Insolvency Proceeding.

• A petition is filed against Allied Canada seeking to initiate a Bankruptcy or Insolvency Proceeding and such petition is not dismissed within 180 days after being filed, or a court of competent jurisdiction enters an order, judgment or decree appointing a receiver or trustee for Allied Canada, or for all or substantially all of its property, and such order, judgment or decree is not discharged or stayed within 180 days after its entry.

• There has been no bankruptcy, civil rehabilitation, corporate reorganization or special liquidation proceeding (“Bankruptcy or Insolvency Proceeding”) instituted by or against TEG, and there is no suspension of payment, insolvency, or other event that would become a cause of petition for any of any Bankruptcy or Insolvency Proceeding.

• The Subordinated Creditor will not commence or institute, or join with any other Person or Persons in commencing or instituting , any Bankruptcy or Insolvency Proceeding.

More Definitions of Bankruptcy or Insolvency Proceeding

Bankruptcy or Insolvency Proceeding means either the Issuer or the Company, pursuant to or within the meaning of any Bankruptcy Law: (i) making an assignment for the benefit of creditors, or admits in writing its inability to pay its debts as they become due; (ii) filing a voluntary petition for bankruptcy, or filing any petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, dissolution or similar relief under any present or future Laws; (iii) seeking or consenting to or acquiescing in the appointment of any trustee, receiver or liquidator, or of all or any substantial part of its properties; or (iv) any of their Representatives or majority of stockholders taking any action looking to dissolution, liquidation or winding up or otherwise taking any of the foregoing actions.

Bankruptcy or Insolvency Proceeding means either the Issuer or the Company, pursuant to or within the meaning of any Bankruptcy Law: (i) making an assignment for the benefit of creditors, or admits in writing its inability to pay its debts as they become due; (ii) filing a voluntary petition for bankruptcy, or filing any petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, dissolution or similar relief under any present or future Laws; (iii) seeking or consenting to or acquiescing in the appointment of any trustee, receiver or liquidator, or of all or any substantial part of its properties; or (iv) any of their Representatives or majority of stockholders taking any action looking to dissolution, liquidation or winding up or otherwise taking any of the foregoing actions.​​

Bankruptcy or Insolvency Proceeding is defined in Subsection 4(b) of this Debenture.

Bankruptcy or Insolvency Proceeding has the meaning specified in Section 5.2.

Bankruptcy or Insolvency Proceeding is defined in Subsection 3(b) of this Guaranty.

Bankruptcy or Insolvency Proceeding has the meaning set forth in Section 4.1(d). Table of Contents

Bankruptcy or Insolvency Proceeding means, with respect to the Company, (a) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding, relative to the Company or to its creditors, as such, or to its