Insolvency Event means a party enters into any arrangement between itself and its creditors;
Insolvency Event means a "controller" (as defined in section 9 of the Corporations Act), administrator or similar officer is appointed in respect of a person or any asset of a person;
Insolvency Event means bankruptcy proceedings are commenced against either party, or either party is declared bankrupt;
Insolvency Event means a receiver, manager, trustee, administrator, controller or similar external administrator is appointed over any of the assets or undertakings of the Client;
Insolvency Event means. The making of an order, the passing of a resolution or the calling of a meeting to consider Your winding up, dissolution or bankruptcy;
Insolvency Event means the person or entity disposes of all or substantially all its assets, operations or business (other than a voluntary liquidation for the purpose of amalgamation or reconstruction if the new company assumes all the person’s legal obligations); • any formal arrangement between the person or entity and its creditors; • the person or entity ceases to be able to pay its debts as they become due; • the person or entity ceases to carry on business; • any step is taken by a mortgagee to enter possession or dispose of the whole or any part of the person’s assets or business; or • any step is taken to appoint an administrator, a receiver and manager, a trustee in bankruptcy, a liquidator, a provisional liquidator or other like person of the whole or any part of the person’s assets or business.
