Common use of Insolvency of the Operator Clause in Contracts

Insolvency of the Operator. 16.1. Upon initiation of the Operator’s bankruptcy or restructuring proceedings, all Auctions shall be suspended and no new Loan Agreements shall be concluded.

Appears in 3 contracts

Samples: nordstreet.com, nordstreet.com, nordstreet.com

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Insolvency of the Operator. 16.115.1. Upon initiation of the Operator’s bankruptcy or restructuring proceedings, all Auctions shall be suspended and no new Loan Agreements shall be concluded.

Appears in 2 contracts

Samples: nordstreet.com, nordstreet.com

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