Compromises with Creditors Sample Clauses
The "Compromises with Creditors" clause allows a party to negotiate and enter into agreements with its creditors to restructure, settle, or otherwise modify its outstanding debts. In practice, this clause typically applies when a company is facing financial difficulties and needs to reach arrangements such as payment extensions, debt reductions, or other settlements with those to whom it owes money. Its core function is to provide a formal mechanism for addressing financial distress, helping to prevent insolvency or bankruptcy by enabling flexible solutions with creditors.
Compromises with Creditors. (a) No voluntary arrangement under section 1 of the Insolvency ▇▇▇ ▇▇▇▇ has been proposed or approved in respect of the Company.
(b) No compromise or arrangement under section 425 of the Companies ▇▇▇ ▇▇▇▇ has been proposed, agreed to or sanctioned in respect of the Company.
(c) The Company has not entered into any compromise or arrangement with its creditors or any class of its creditors generally.
Compromises with Creditors. (a) No voluntary arrangement under section 1 of the Insolvency A▇▇ ▇▇▇▇ has been proposed or approved in respect of the Company or the Seller.
(b) No compromise or arrangement under section 425 of the Companies A▇▇ ▇▇▇▇ has been proposed, agreed to or sanctioned in respect of the Company or the Seller.
(c) Neither the Company nor the Seller has entered into any compromise or arrangement with its respective creditors or any class of its respective creditors generally.
Compromises with Creditors. The Company has not commenced negotiations or entered into any compromise or arrangement with one or more of its creditors or any class of its creditors generally with a view to rescheduling any of its indebtedness.
Compromises with Creditors. 11.4.1 No voluntary arrangement under section 1 of the Insolvency ▇▇▇ ▇▇▇▇ has been proposed or approved in respect of the Group Company.
11.4.2 No compromise or arrangement under section 425 of the Companies ▇▇▇ ▇▇▇▇ has been proposed, agreed to or sanctioned in respect of any Group Company.
11.4.3 No Group Company has entered into any compromise or arrangement with their creditors or any class of their creditors generally.
Compromises with Creditors. Neither the Company nor the Seller has entered into any compromise or arrangement with its respective creditors or any class of its respective creditors generally.
Compromises with Creditors. No Target Group Company has proposed or had approved (by its members, creditors and/or a court, as appropriate) any compromise or arrangement with its general body of creditors (or any class of them) in respect of the payment of creditors claims.
Compromises with Creditors. (a) No voluntary arrangement under section 1 of the Insolvency A▇▇ ▇▇▇▇ or where applicable under equivalent legislation of any relevant non-English jurisdiction has been proposed or approved in respect of any Company or Kemira.
(b) No compromise or arrangement under section 425 of the Companies A▇▇ ▇▇▇▇ (or where applicable under equivalent legislation of any relevant non-English jurisdiction) has been proposed, agreed to or sanctioned in respect of any Company or Kemira.
(c) Neither any Company nor Kemira has entered into any compromise or arrangement with its respective creditors or any class of its respective creditors generally.
Compromises with Creditors. (a) No voluntary arrangement under Article 14 of the Insolvency (Northern Ireland) Order 1989 has been proposed or approved in respect of the Company.
(b) No compromise or arrangement under Article 418 of the Companies (Northern Ireland) Order 1986 has been proposed, agreed to or sanctioned in respect of the Company.
(c) The Company has not entered into any compromise or arrangement with its creditors or any class of its creditors generally.
Compromises with Creditors. (a) No voluntary arrangement under section 1 of the Insolvency A▇▇ ▇▇▇▇ (or where applicable under equivalent legislation of any relevant non-English jurisdiction) has been proposed or approved in respect of the Company or Terra.
(b) No compromise or arrangement under section 425 of the Companies A▇▇ ▇▇▇▇ (or where applicable under equivalent legislation of any relevant non-English jurisdiction) has been proposed, agreed to or sanctioned in respect of the Company or Terra.
(c) Neither Terra nor the Company has entered into any compromise or arrangement with its respective creditors or any class of its respective creditors generally.
Compromises with Creditors. (a) No voluntary arrangement under section 1 of the Insolvency ▇▇▇ ▇▇▇▇ has been proposed or approved in respect of any Group Company.
(b) No compromise or arrangement under section 895 of the Companies ▇▇▇ ▇▇▇▇ has been proposed, agreed to or sanctioned in respect of any Group Company.
(c) No reorganisation under the Czech Insolvency Act has been proposed, agreed to or sanctioned in respect of Cyberview Czech.
(d) No Group Company has not entered into any compromise or arrangement with its creditors or any class of its creditors generally.