Common use of Dissolution or Bankruptcy of Party A Clause in Contracts

Dissolution or Bankruptcy of Party A. If Party A suffers dissolution or bankruptcy, even though Party B’s creditor’s rights under the Main Contract are still undue, Party B shall still have the right to participate in the dissolution or bankruptcy procedure to declare rights.

Appears in 2 contracts

Samples: China Ming Yang Wind Power Group LTD, China Ming Yang Wind Power Group LTD

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Dissolution or Bankruptcy of Party A. If Party A suffers In the event that dissolution or bankruptcybankruptcy occurs to Party A, even though if Party B’s creditor’s rights right of debts under the Main Contract are still unduehas not expired, Party B shall still have has the right to participate in the dissolution or bankruptcy procedure to declare rightsand claim the right.

Appears in 2 contracts

Samples: Branch of China (Asia Green Agriculture Corp), Asia Green Agriculture Corp

Dissolution or Bankruptcy of Party A. If Party A suffers dissolution is dissolved or bankruptcy, even though Party B’s creditor’s rights under the Main Contract are still unduebecomes bankrupt, Party B shall still have the right be entitled to participate take part in the dissolution or bankruptcy procedure proceedings against Party A, and to declare rightsreport its claims, even if Party B's claims under the principal contracts do not become due.

Appears in 2 contracts

Samples: Working Capital Borrowing (Sooner Holdings Inc /Ok/), Maximum Mortgage Contract (Sooner Holdings Inc /Ok/)

Dissolution or Bankruptcy of Party A. If Party A suffers In the event of dissolution or bankruptcy, even though bankruptcy of Party B’s creditor’s rights under the Main Contract are still undueA, Party B shall still have the right is entitled to participate in the dissolution or bankruptcy procedure proceeding to declare rightsrights even if the indebtedness under the Master Agreement is not yet due.

Appears in 2 contracts

Samples: Hardinge Inc, Viasystems Inc

Dissolution or Bankruptcy of Party A. If Party A suffers dissolution is dissolved or bankruptcy, even though Party B’s creditor’s rights under the Main Contract are still unduebecomes bankrupt, Party B shall still have the right be entitled to participate take part in the dissolution or bankruptcy procedure proceedings against Party A, and to declare rightsreport its claims, even if Party B's claims under the principal contracts do not become due.

Appears in 2 contracts

Samples: RMB Borrowing Contract (Sooner Holdings Inc /Ok/), Maximum Guarantee Contract (Sooner Holdings Inc /Ok/)

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Dissolution or Bankruptcy of Party A. If Party A suffers In the event that dissolution or bankruptcybankruptcy occurs to Party A, even though if Party B’s creditor’s rights right of debts under the Main Master Contract are still unduehas not expired, Party B shall still have has the right to participate in the dissolution or bankruptcy procedure to declare rightsand claim the right.

Appears in 1 contract

Samples: Asia Green Agriculture Corp

Dissolution or Bankruptcy of Party A. If Where Party A suffers dissolution becomes dissolved or bankruptcybankrupt, even though Party B’s creditorif the Lender’s rights of Party B under the Main Master Contract are still unduenot expired, Party B shall still have the right be entitled to participate take part in the dissolution liquidation or bankruptcy procedure to declare rightsprocedures of Party A and file claims.

Appears in 1 contract

Samples: Teen Education Group, Inc.

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