Bankruptcy and Liquidation. In the event the Service Provider (1) makes an assignment for the benefit of creditors, or petition or apply to any tribunal for the appointment pf a custodian, receiver, or trustee for all or a substantial part of its assts; (2) commences any proceeding under any bankruptcy, reorganization, arrangement, readjustment of debt, dissolution, or liquidation law or statute of any jurisdiction whether now or hereafter in effect; (3) has had any such petition or application filed or any such proceeding commenced against it in which an order for relief is entered or an adjudication or appointment is made, and which remains undismissed for a period of sixty(60) days or more; (4) takes any corporate action indicating its consent to, approval of, or acquiescence in any such petition, application, proceeding, or order for relief or the appointment of a custodian, receiver, or trustee for all or substantial part of its assets; or (5) permits any such custodianship, receivership, or trusteeship to continue undischarged for a period of sixty (60) days or more causing the Service Provider or any third party, including, without limitation, a trustee in bankruptcy, to be empowered under state or federal law to reject this Contract or any agreement supplementary hereto, the City shall have the following rights:
Bankruptcy and Liquidation. Neither this Agreement nor any interest therein is assignable or transferable by operation of law. If any proceedings under the Bankruptcy Act, as amended, is commenced by or against FRRS, or if FRRS is adjudged insolvent, or if FRRS makes any assignment for the benefit of its creditors, or if a writ of attachment or execution is levied on the Locomotive, and is not released or satisfied within ten (10) days thereafter, or if a receiver is appointed in any proceeding or action to which FRRS is a party with authority to take possession FRRS’s assets, the Lessor may immediately repossess the Locomotive and may, in addition, exercise any one or more of the remedies set forth in this Agreement. In such an event, this Agreement shall, at the option of the Lessor, without notice, immediately terminate and shall not be treated as an asset of FRRS after the exercise of said option.
Bankruptcy and Liquidation. If the Merchant becomes unable to pay its debts when due, enters into bankruptcy or liquidation proceedings, whether voluntary or not or has or will have an administrator or liquidator placed over any or all of its assets, the parties agree that: (i) no amounts payable to MoneySwap hereunder shall be incorporated into the scope of the bankruptcy or liquidation assets; and (ii) MoneySwap shall have the right to collect such amounts at any time upon written notice to the Merchant.
Bankruptcy and Liquidation. Except pursuant to the Transaction Documents or for the benefit of the holders of the Notes, the commencement of or consent to any proceeding seeking (i) to adjudicate it as bankrupt or insolvent, (ii) liquidation, winding up, dissolution, reorganization, or arrangement of any of the Group Companies under any Law relating to bankruptcy, insolvency or reorganization or relief of debtors, or (iii) the entry of an order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial part of its property.
Bankruptcy and Liquidation. In the event the Service Provider (1) makes an assignment for the benefit of creditors, or petition or apply to any tribunal for the appointment pf a custodian, receiver, or trustee for all or a substantial part of its assts; (2) commences any proceeding under any bankruptcy, reorganization, arrangement, readjustment of debt, dissolution, or liquidation law or statute of any jurisdiction whether now or hereafter in effect; (3) has had any such petition or application filed or any such proceeding commenced against it in which an order for relief is entered or an adjudication or appointment is made, and which remains undismissed for a period of sixty(60) days or more; (4) takes any corporate action indicating its consent to, approval of, or acquiescence in any such petition, application, proceeding, or order for relief or the appointment of a custodian, receiver, or trustee for all or substantial part of its assets; or
Bankruptcy and Liquidation. (1) In the event of bankruptcy or liquidation of the Contractor for any cause anytime prior to the delivery of the Production to IQ Biometrix, IQ Biometrix may exercise either of the following options: (a) IQ Biometrix may terminate this Agreement and recover from the Contractor any amounts advanced to the Contractor prior to the date of bankruptcy or liquidation as the case may be. In such case, ownership of the Production or any portion thereof shall remain with the Contractor; or
Bankruptcy and Liquidation. 14.1 If a party hereto ( a "BANKRUPT PARTY") shall at any time, becomes bankrupt, or shall have a receiving order or administration order made against it, or shall make any composition or arrangement with, or for the benefit of its creditors or shall purport to do so, or if it shall become insolvent or bankrupt, or any application shall be made under the Bankruptcy Act, for the time being in force, for sequestration of its assets, or a trust deed shall be granted by it on behalf of its creditors, or if the Bankrupt Party shall file a request to be wound up (not as result of reconstruction or amalgamation) or if a receiver, or manager on behalf of the creditor shall be appointed, or if circumstances shall arise which entitle the Court or a creditor to appoint a receiver or manager, or which entitle the Court to make a winding up order, then the other party hereto shall be at liberty:
Bankruptcy and Liquidation. 22. If Publisher files a petition under the bankruptcy laws, or makes an assignment of its assets for the benefit of its creditors or otherwise liquidates its business, or if a court determines that Publisher is legally bankrupt, this Agreement shall terminate and all rights granted to Publisher shall automatically revert to Author, subject to the provisions of Paragraphs 20(e) and (g).
Bankruptcy and Liquidation. CMB France, CMB U.K., CMB Turkey and CMB Germany are not and have never been subject to any winding up, liquidation, administration or dissolution procedure of any nature and have never had a suspension of their payments. CMB France, CMB U.K., CMB Turkey and CMB Germany are not and have never been subject to any composition procedure.
Bankruptcy and Liquidation. Commence or consent to any proceeding seeking (i) to adjudicate it as bankrupt or insolvent, (ii) liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of its indebtedness under any law relating to bankruptcy, insolvency, or reorganization or relief of debtors, or (iii) the entry of an order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial part of its property.
