Examples of Insolvency Regulation in a sentence

The centre of main interest (as that term is used in Article 3(1) of the Insolvency Regulation) of each UK Borrower is situated in the United Kingdom and it has no “establishment” (as that term is used in the Insolvency Regulation) in any other jurisdiction.
For the purposes of the Insolvency Regulation, each Guarantor has its centre of main interest (as that term is used in Article 3(1) of the Insolvency Regulation) in its jurisdiction of incorporation and it has no “establishment” (as that term is used in Article 2(10) of the Insolvency Regulation) in any other jurisdiction.
Each Person incorporated in the Netherlands shall maintain its center of main interest in the Netherlands for the purposes of the Insolvency Regulation.

More Definitions of Insolvency Regulation

Insolvency Regulation means Council Regulation (EC) No. 1346/2000 of 29 May 2000 on insolvency proceedings;

Insolvency Regulation shall have the meaning provided in Section 8.01.

Insolvency Regulation shall have the meaning specified in Article 10(l) of this Agreement.

Insolvency Regulation means the Council Regulation (EC) n°1346/2000 of 29 May 2000 on insolvency proceedings. “Intercompany Note” means a promissory note substantially in the form of Exhibit K evidencing Indebtedness owed among the Loan Parties and the Restricted Subsidiaries. “Interest Election Request” means a request by the Borrower to convert or continue a Term Borrowing in accordance with Section 2.05. “Interest Payment Date” means (i) with respect to any Eurodollar Rate Loan, the last day of each Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Rate Borrowing with an Interest Period of more than three months’ duration, each day that would have been an Interest Payment Date had successive Interest Periods of three months’ duration been applicable to such Borrowing and, in addition, the date of any refinancing or conversion of such Borrowing with or to a Borrowing of a different Type and (ii) with respect to any Base Rate Loan, the last Business Day of each March, June, September and December. “Interest Period” means, as to any Eurodollar Rate Borrowing, the period commencing on the date of such Borrowing or on the last day of the immediately preceding Interest Period applicable to such Borrowing, as applicable, and ending on the numerically corresponding day (or, if there is no numerically corresponding day, on the last day) in the calendar month that is 1, 3 or 6 months thereafter (or 9 or 12 months, if at the time of the relevant Borrowing, all relevant Lenders consent to such interest periods), as the Borrower may elect, or the date any Eurodollar Rate Borrowing is converted to a Base Rate Borrowing in accordance with Section 2.05 or repaid or prepaid in accordance with Section 2.06, 2.07 or 2.08; provided, however, that if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day. Interest shall accrue from and including the first day of an Interest Period to but excluding the last day of such Interest Period. “Interest Rate Agreement” means any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement, interest rate hedging agreement or other similar agreement or arrangement, each of which is for the purpose of hedging the interest rate expos...

Insolvency Regulation has the meaning specified in Section 3.8(c).

Insolvency Regulation determines the jurisdiction of a Finnish court in cross-border insolvency proceedings when the centre of main interests of the debtor (“COMI”) is in Finland or in another EU Member State where the Insolvency Regulation is applicable. Pursuant to the Bankruptcy Act, where the debtor’s centre of main interests is in a state where the Insolvency Regulation is not applicable, a Finnish court shall have jurisdiction if the debtor has an establishment or other such assets in Finland that the opening of bankruptcy proceedings there can be deemed expedient. However, Finnish courts do not have jurisdiction if the debtor has been declared bankrupt in Iceland, Norway or Denmark and the debtor has had a domicile in that state. This follows from the Nordic Bankruptcy Convention signed in 1933, which is discussed below in Section 3.2.4. By virtue of Chapter 5, Section 1 of the Bankruptcy Act, Finnish courts and legal scholars take the position that a Finnish bankruptcy also encompasses assets of the bankrupt entity located outside the European Union (“EU”) and the Nordic Treaty Countries (principle of “universality”). However, Finnish law will not normally give legal effect to bankruptcy proceedings initiated in other countries (other than the European Economic Area4 (“EEA”) member countries and Nordic Treaty Countries) (principle of “territoriality”), except that it is likely that Finnish courts would accept the capacity of the foreign bankruptcy estate (liquidator or trustee) over the bankrupt entity to possess and dispose of the assets of the bankrupt entity in Finland. Furthermore, as regards entities located outside the EEA, the assets in Finland of an entity located outside the EEA may be subject to bankruptcy proceedings in Finland. Such proceedings would be conducted under the Bankruptcy Law and would not deviate from proceedings in respect of entities domiciled in Finland.

Insolvency Regulation means the Council Regulation (EC) No.1346/2000 29 May 2000 on Insolvency Proceedings. “Interest Coverage Ratio” has the meaning assigned to such term in Section 6.12(b).

Insolvency Regulation definition

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