INSOLVENCIA Sample Clauses

INSOLVENCIA. La insolvencia, bancarrota, incapacidad financiera, plan de arreglo voluntario con acreedores o la disolución de la empresa del Emplea- dor no impondrán al Asegurador ninguna responsabilidad fuera de la que específicamente se incluye en esta póliza.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
INSOLVENCIA. La insolvencia, ban- carrota, incapacidad financiera, plan de arreglo voluntario con acreedores o la disolución de la empresa del Empleador no impondrán al Asegu- rador ninguna responsabilidad fuera de la que específicamente se incluye en esta póliza.
Sample 1Sample 2
INSOLVENCIA. Ningún(a) (i) resolución ha sido emitida en relación con la Compañía, (ii) procedimiento legal ha sido iniciado, o hay amenaza en contra de la Compañía para la disolución o liquidación de la Compañía, o para el nombramiento de un liquidador, secuestre, administrador o similares sobre los bienes de la Compañía, (iii) petición ha sido presentada para que la Compañía sea admitida en un proceso de insolvencia, reorganización o liquidación, o (iv) la Compañía no ha incurrido en cesación de pagos o incapacidad de pago inminente.
Sample 1
INSOLVENCIA. Usted reconoce y concuerda que el presente Contrato de suministro y las transacciones en virtud del mismo constituyen un “contrato a término” según la definición del Código de Bancarrota de los Estados Unidos. En toda la medida que sea posible, usted acepta renunciar a las disposiciones de la Sección 366 del Código de Bancarrota de los Estados Unidos y confirma que para los propósitos de esta aplicación de principios de los “contratos a término”, las disposiciones de la Sección 366 no son aplicables a usted o al presente Contrato de Suministro.
Sample 1

Related to INSOLVENCIA

  • Insolvency If Borrower becomes insolvent, or if an Insolvency Proceeding is commenced by Borrower, or if an Insolvency Proceeding is commenced against Borrower and is not dismissed or stayed within thirty (30) days (provided that no Credit Extensions will be made prior to the dismissal of such Insolvency Proceeding);

  • Bankruptcy Subject to Section 5(c), each Note Holder hereby covenants and agrees that only the Lead Securitization Note Holder (or the Servicer on its behalf) has the right to institute, file, commence, acquiesce, petition under Bankruptcy Code Section 303 or otherwise or join any Person in any such petition or otherwise invoke or cause any other Person to invoke an Insolvency Proceeding with respect to or against the Mortgage Loan Borrower or seek to appoint a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official with respect to the Mortgage Loan Borrower or all or any part of its property or assets or ordering the winding-up or liquidation of the affairs of the Mortgage Loan Borrower. Each Note Holder further agrees that only the Lead Securitization Note Holder, and not any Non-Lead Securitization Note Holder, can make any election, give any consent, commence any action or file any motion, claim, obligation, notice or application or take any other action in any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding. The Note Holders hereby appoint the Lead Securitization Note Holder as their agent, and grant to the Lead Securitization Note Holder an irrevocable power of attorney coupled with an interest, and their proxy, for the purpose of exercising any and all rights and taking any and all actions available to any Non-Lead Securitization Note Holder in connection with any case by or against the Mortgage Loan Borrower under the Bankruptcy Code or in any other Insolvency Proceeding, including, without limitation, the right to file and/or prosecute any claim, vote to accept or reject a plan, to make any election under Section 1111(b) of the Bankruptcy Code with respect to the Mortgage Loan, and to file a motion to modify, lift or terminate the automatic stay with respect to the Mortgage Loan. The Note Holders hereby agree that, upon the request of the Lead Securitization Note Holder, each Non-Lead Securitization Note Holder shall execute, acknowledge and deliver to the Lead Securitization Note Holder all and every such further deeds, conveyances and instruments as the Lead Securitization Note Holder may reasonably request for the better assuring and evidencing of the foregoing appointment and grant. All actions taken by any Servicer in connection with any Insolvency Proceeding are subject to and must be in accordance with the Servicing Standard and the terms of this Agreement.

  • Insolvency, Etc In the event of the firm being adjudged insolvent or having a receiver appointed for it by a court or any other order under the Insolvency Act made against them or in the case of a company the passing any resolution or making of any order for winding up, whether voluntary or otherwise, or in the event of the firm failing to comply with any of the conditions herein specified AIIMS, Jodhpur shall have the power to terminate the contract without any prior notice.

  • Bankruptcy; Insolvency The Lessee agrees that in the event all or a substantial portion of the Lessee’s assets are placed in the hands of a receiver or a Trustee, and such status continues for a period of 30 days, or should the Lessee make an assignment for the benefit of creditors or be adjudicated bankrupt; or should the Lessee institute any proceedings under the bankruptcy act or any amendment thereto, then such Lease or interest in and to the leased Premises shall not become an asset in any such proceedings and, in such event, and in addition to any and all other remedies of the Lessor hereunder or by law provided, it shall be lawful for the Lessor to declare the term hereof ended and to re-enter the leased land and take possession thereof and all improvements thereon and to remove all persons therefrom and the Lessee shall have no further claim thereon.

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