Insolvency of Dealer voluntary institution by Dealer of any proceeding under the federal bankruptcy laws or under any state insolvency law; institution against Dealer of any proceeding under the federal bankruptcy laws or under any state insolvency law which is not vacated within thirty (30) days from the institution thereof; appointment of a receiver, trustee or other officer having similar powers for Dealer or Dealer's business, provided such appointment is not vacated within thirty (30) days of the date of such appointment; execution by Dealer of an assignment for the benefit of creditors; or any levy under attachment, foreclosure, execution or similar process whereby a third party acquires rights to a significant portion of the assets of Dealer necessary for the performance of Dealer's responsibilities under this Agreement or to the operation or ownership of Dealer, which is not within thirty (30) days from the date of such levy vacated or removed by payment or bonding;
Insolvency of Dealer. In the unlikely event of JMMB’s insolvency, the Trustee (or a Special Trustee appointed by the Financial Services Commission (FSC)) will deal with the underlying assets. The underlying assets will not form part of JMMB’s assets in the event of JMMB’s insolvency. The Trustee will take custody or control of all of the underlying assets. Under the supervision of the FSC, the Trustee will dispose of the assets to the clients concerned. The Trustee will formulate a disposition plan for the FSC’s approval and that plan will allow for the disposition of the assets in a fair manner having regard to the entitlements under the retail repurchase agreements concerned. The Trustee is required to meet with the clients to provide them with details of the plan and to provide the clients with periodic written reports on the progress of the disposition. The Trustee will shall treat with all claims in respect of the underlying assets by one or more of the following methods:
Insolvency of Dealer filing of a voluntary petition in bankruptcy by Dealer; filing of a petition to have Dealer declared bankrupt, provided that it is not vacated within one (1) month after filing; appointment of a receiver or trustee for Dealer, provided such appointment is not vacated within one (1) month after such appointment; or execution by Dealer of an assignment for the benefit of creditors.
Insolvency of Dealer. In the unlikely event BARITA INVESTMENTS LIMITED should become insolvent, the Trustee (or a Special Trustee appointed by the Financial Services Commission) will deal with the Underlying Securities. The Underlying Securities will not form a part of BARITA INVESTMENTS LIMITED'S assets in the event of insolvency. Provisions in the Securities Act, Insolvency Laws and Retail Repo Regulations govern how the securities will be handled in the insolvency.
Insolvency of Dealer filing of a voluntary petition in bankruptcy by DEALER; appointment of a receiver or a trustee for DEALER; conveyance of any significant portion of DEALER’s assets outside the ordinary course of business (by sale, transfer, assignment, operation of law or otherwise) to any third party for less than the fair market value of the conveyed assets.
Insolvency of Dealer the inability of Dealer to pay debts as they mature, whether to the Company or others; the filing of a petition in bankruptcy or for reorganization, whether voluntary or involuntary the making of an assignment by Dealer for the benefit of creditors; the appointment of a receiver, custodian or trustee for Dealer or its property; or default by Dealer in the payment of any obligation owing to the Company.
Insolvency of Dealer assignment by Dealer for the benefit of creditors, filing by Dealer of a voluntary petition in bankruptcy, adjudication that Dealer is bankrupt or appointment of receiver for assets of Dealer;
Insolvency of Dealer inability of Dealer to meet its debts as they mature; the filing by Dealer of a petition of voluntary bankruptcy under any chapter of the bankruptcy laws of the United States; the institution or proceedings to adjudge Dealer a bankrupt in an involuntary proceeding; the execution of an assignment by Dealer for the benefit of creditors; the appointment by a court of a receiver, trustee for Dealer or the assets of Dealer; dissolution of Dealer; or the failure of Dealer to conduct its operations in the ordinary course of business.
Insolvency of Dealer inability of Dealer to meet its debts as they mature, the filing by Dealer of a petition of voluntary bankruptcy under any chapter of the bankruptcy laws of the United States, the institution of proceedings to adjudge Dealer a bankrupt in an involuntary proceeding; the execution of an assignment by Dealer for the benefit of creditors; the appointment by a court of a receiver, trustee for Dealer or the assets of Dealer; dissolution of Dealer; or the failure of Dealer to conduct its operations in the ordinary course of business including closing of Dealer's operations in any manner inconsistent with what is customary for the same type of business in the same market area.
Insolvency of Dealer or the making of an assignment for the benefit of creditors by Dealer or the commencement of proceedings in bankruptcy or for a receivership by or against DEALER.
