Common use of Insolvency or cessation of activities Clause in Contracts

Insolvency or cessation of activities. 6.5.1 Particular attention is drawn to the duties and requirements of insolvency and legislation. Those responsible for the Maldon CAB affairs must ensure, by taking appropriate legal advice when necessary, that the Maldon CAB can continue to operate solvently. The Maldon CAB must not rely exclusively on continued support from MDC as evidence of solvency.

Insolvency or cessation of activities. 6.5.1 Particular attention is drawn to the duties and requirements of insolvency and legislation. Those responsible for the Maldon CAB affairs must ensure, by taking appropriate legal advice when necessary, that the Maldon CAB can continue to operate solvently. The Maldon CAB must not rely exclusively on continued support from MDC Maldon District Council as evidence of solvency.

Insolvency or cessation of activities. 6.5.1 Particular attention is drawn to the duties and requirements of insolvency and legislation. Those responsible for the Maldon CAB affairs must ensure, by taking appropriate legal advice when necessary, that the Maldon CAB can continue to operate solvently. The Maldon CAB must not rely exclusively on continued support from MDC as evidence of solvency.