Act of Bankruptcy. The Obligor commits an act of bankruptcy (as that term is defined in section 19 of the Insolvency Act 2006;
Act of Bankruptcy. If the other party commits any act of bankruptcy, becomes insolvent or assigns all or part of its assets for the benefit of creditors upon or after the filing of a petition for bankruptcy, whether voluntary or involuntary.
Act of Bankruptcy. The Borrower or any of it Subsidiaries is unable to pay debts generally as such debts become due, is adjudged or declared to be bankrupt or commits an act of bankruptcy.
Act of Bankruptcy. An Act of Bankruptcy shall occur.
Act of Bankruptcy. The declaration of an Event of Default under this subsection and the exercise of remedies upon any such declaration shall be subject to any applicable limitations of federal or state law affecting or precluding such declaration or exercise during the pendency of or immediately following any liquidation or reorganization proceedings.
Act of Bankruptcy. The filing of a petition in bankruptcy under the Bankruptcy Code or the commencement of a proceeding by or against a Person as debtor under any other applicable law for the relief of debtors.
Act of Bankruptcy. The Pledgor or Orca commits an act of bankruptcy under the Bankruptcy and Insolvency Act (Canada) or any similar law of any jurisdiction;
Act of Bankruptcy. The occurrence of any one or more of the following:
(a) If a court of competent jurisdiction enters a decree or order of relief in respect of Borrower in any involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of Borrower or of any substantial part of its property, or ordering the winding up of its affairs or liquidation of its property, and such decree or order continues unstayed and in effect for a period of sixty (60) days; or
(b) If the Borrower commences a voluntary case under any applicable bankruptcy, insolvency or similar law now or hereafter in effect, consents to the entry of an order for relief in an involuntary case under any such law, or consents to the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator or other similar official of Borrower or of any substantial part of its property, or makes any general assignment for the benefit of creditors, or fails generally or admits in writing its inability to pay its debts as they become due, or takes any action in furtherance of any of the foregoing.
Act of Bankruptcy. The Corporation or Licensor commits an act of bankruptcy under any applicable laws including, but not limited to, the Bankruptcy and Insolvency Act (Canada) or similar legislation in the United States;
Act of Bankruptcy. Borrower becomes the subject of any debtor relief law, including a proceeding under Title 11 of the United States Code, and if such proceeding is an involuntary proceeding, it has not been dismissed or withdrawn within 30 days.
