Common use of Compositions Clause in Contracts

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or by any of its creditors (other than the Corporate Guarantor) or any legal proceedings are taken in respect of the Corporate Guarantor, with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Relevant Party or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or other Restricted Company or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or other Relevant Party or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Relevant Party or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company person and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party (including the Supervisor prior to the Delivery Date only) or by any of its creditors with a view to the general readjustment or rescheduling of all or a material part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, taken or negotiations commenced, by any Security Party or by any of its creditors with a view to the general readjustment or rescheduling of all or a substantial part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditorscreditors (excluding always negotiations with holders of preferred shares); or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party the Borrower or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or by any of its creditors (other than the Corporate Guarantors and the Manager) or any legal proceedings are taken in respect of either Corporate Guarantor, with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or other member of the Group or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company person and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or any other Relevant Party or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or by any of its creditors creditors, with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or by any of its creditors (other than the Corporate Guarantor), with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or by any of its creditors (other than the Corporate Guarantor and the Manager) or any legal proceedings are taken in respect of the Corporate Guarantor, with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party Group Member or by any of its their respective creditors (other than the Finance Parties or any Finance Party) with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditorscreditors generally; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party the Borrower or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or other Group Member or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by the Borrower or any other Security Party or other member of the Group or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or other Restricted Company or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company person and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or other Relevant Party or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company person and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or HoldCo or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, are commenced by any Security Party or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or Navios GP or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. other than pursuant to a Permitted Scheme, any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party Group Member or by any of its their respective creditors (other than the Finance Parties or any Finance Party) with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditorscreditors generally; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any member of any Security Party or by any of its creditors with a view to the general readjustment or rescheduling of all or substantial part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party Relevant Company or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or other Relevant Party or the Refund Guarantor or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party or any Group Member or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, taken or negotiations commenced, by any Security Party (other than any Manager) or by any of its creditors (other than the Corporate Guarantor) with a view to the general readjustment or rescheduling of all or a part of its Indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or

Compositions. any corporate action, legal proceedings or other procedures or steps are taken, or negotiations commenced, by any Security Party (except the Manager) or any other Relevant Party (except the Manager) or by any of its creditors with a view to the general readjustment or rescheduling of all or part of its Indebtedness indebtedness or to proposing any kind of composition, compromise or arrangement involving such company and any of its creditors; or