Insolvency and Rescheduling. any cause exists on the basis of which insolvency proceedings under the German Insolvency Code should be initiated against the Borrower, the Borrower commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a composition with its creditors;
Appears in 8 contracts
Samples: Account Pledge Agreement, Letter Of (Mercer International Inc.), Mercer International Inc.