Insolvency and Insolvency proceedings. (a) Any corporate action, legal proceedings or other procedure or step is taken in relation to the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any of the Obligors;
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement (Hemen Holding LTD), Loan Agreement (Hemen Holding LTD)