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

Dissolution or Bankruptcy of Party A. In the event that dissolution or bankruptcy occurs to Party A, even if Party B’s right of debts under the Main Contract has not expired, Party B has the right to participate in the dissolution or bankruptcy procedure and claim the right.

Appears in 2 contracts

Samples: Guarantee Contract (Asia Green Agriculture Corp), Guarantee Contract (Asia Green Agriculture Corp)

AutoNDA by SimpleDocs

Dissolution or Bankruptcy of Party A. In the event that If Party A is dissolved or becomes bankrupt, Party B shall be entitled to take part in dissolution or bankruptcy occurs to proceedings against Party A, and to report its claims, even if Party B’s right of debts 's claims under the Main Contract has principal contracts do not expired, Party B has the right to participate in the dissolution or bankruptcy procedure and claim the rightbecome due.

Appears in 2 contracts

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

Dissolution or Bankruptcy of Party A. In the event that of dissolution or bankruptcy occurs to of Party A, even if Party B’s right of debts under the Main Contract has not expired, Party B has the right is entitled to participate in the dissolution or bankruptcy procedure and claim proceeding to declare rights even if the rightindebtedness under the Master Agreement is not yet due.

Appears in 2 contracts

Samples: Maximum Amount Mortgage Contract (Hardinge Inc), Maximum Amount Mortgage Contract (Viasystems Inc)

Dissolution or Bankruptcy of Party A. In If Party A is dissolved or becomes bankrupt, Party B shall be entitled to take part in the event that dissolution or bankruptcy occurs to proceedings against Party A, and to report its claims, even if Party B’s right of debts 's claims under the Main Contract has principal contracts do not expired, Party B has the right to participate in the dissolution or bankruptcy procedure and claim the rightbecome due.

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Guarantee Contract (China Ming Yang Wind Power Group LTD), Guarantee Contract (China Ming Yang Wind Power Group LTD)

AutoNDA by SimpleDocs

Dissolution or Bankruptcy of Party A. In the event that dissolution Where Party A becomes dissolved or bankruptcy occurs to Party Abankrupt, even if the Lender’s rights of Party B’s right of debts B under the Main Master Contract has are not expired, Party B has the right shall be entitled to participate take part in the dissolution liquidation or bankruptcy procedure procedures of Party A and claim the rightfile claims.

Appears in 1 contract

Samples: Guarantee Contract (Teen Education Group, Inc.)

Dissolution or Bankruptcy of Party A. In the event that dissolution or bankruptcy occurs to Party A, even if Party B’s right of debts under the Main Master Contract has not expired, Party B has the right to participate in the dissolution or bankruptcy procedure and claim the right.

Appears in 1 contract

Samples: Maximum Amount Mortgage Contract (Asia Green Agriculture Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!