Common use of Insolvency Proceedings Clause in Contracts

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borrower; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borrower), receiver, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction and is not discharged or stayed within 30 days of commencement.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction jurisdiction. This Clause 23.7 shall not apply to any winding-up petition which is frivolous or vexatious and is not discharged discharged, stayed or stayed dismissed within 30 14 days of commencement.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrator, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction jurisdiction. This Clause 23.7 shall not apply to any winding-up petition which is frivolous or vexatious and is not discharged discharged, stayed or stayed dismissed within 30 days of commencement.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrator, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction and is not discharged or stayed within 30 days of commencementjurisdiction.

Insolvency Proceedings. (a) Any corporate action, legal proceedings or other procedure or step is taken in relation to: (ai) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (bii) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (ciii) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrator, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (div) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction jurisdiction. (b) Paragraph (a) above shall not apply to any winding-up petition which is frivolous or vexatious and is not discharged discharged, stayed or stayed dismissed within 30 14 days of commencement.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borrowera Transaction Obligor; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrator, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction jurisdiction. This Clause 29.8 (Insolvency proceedings) shall not apply to any winding-up petition which is frivolous or vexatious and is not discharged discharged, stayed or stayed dismissed within 30 14 days of commencement.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (ai) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation reorganization (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation reorganization of any member of the Group which is not the Borrower; (bii) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (ciii) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borrower), receiver, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (div) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction and is not discharged or stayed within 30 days of commencement.

Insolvency Proceedings. (a) Any corporate action, legal proceedings or other procedure or step is taken in relation to: (ai) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or administration, reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (bii) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (ciii) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (div) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction jurisdiction. (b) Paragraph (a) above shall not apply to any action, legal proceedings or other procedure or step which is frivolous or vexatious and is not discharged discharged, stayed or stayed dismissed within 30 days 20 Business Days of commencement.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration administration, provisional supervision or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the a Borrower; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the a Borrower), receiver, administrator, administrative receiver, administratorcompulsory manager, compulsory or interim manager provisional supervisor or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction and is not discharged or stayed within 30 days of commencementjurisdiction.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrator, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction jurisdiction. This Clause 26.7 shall not apply to any winding-up petition which is frivolous or vexatious and is not discharged discharged, stayed or stayed dismissed within 30 days of commencement.

Insolvency Proceedings. (a) Any corporate action, legal proceedings or other procedure or step is taken in relation to: (ai) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (bii) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (ciii) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrator, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (div) enforcement of any Security over any assets of any member of the Group, ​ ​ or any analogous procedure or step is taken in any jurisdiction jurisdiction. (b) Paragraph (a) above shall not apply to any winding-up petition which is frivolous or vexatious and is not discharged discharged, stayed or stayed dismissed within 30 14 days of commencement.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction jurisdiction. This Clause 23.7 shall not apply to any winding-up petition which is frivolous or vexatious and is not discharged discharged, stayed or stayed dismissed within 30 fourteen days of commencement.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction jurisdiction. This Clause 23.7 shall not apply to any winding-up petition which is frivolous or vexatious and is not discharged discharged, stayed or stayed dismissed within 30 fourteen (14) days of commencement.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction jurisdiction. This Clause 24.7 shall not apply to any winding-up petition which is frivolous or vexatious and is not discharged discharged, stayed or stayed dismissed within 30 fourteen days of commencement.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrator, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction jurisdiction. This Clause 26.9 (Insolvency proceedings) shall not apply to any winding-up petition which is frivolous or vexatious and is not discharged discharged, stayed or stayed dismissed within 30 days five Business Days of commencement.

Insolvency Proceedings. Any corporate action, legal proceedings or other procedure or step is taken in relation to: (a) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution, administration or reorganisation (by way of voluntary arrangement, scheme of arrangement or otherwise) of any member of the Group other than a solvent liquidation or reorganisation of any member of the Group which is not the Borroweran Obligor; (b) a composition, compromise, assignment or arrangement with any creditor of any member of the Group; (c) the appointment of a liquidator (other than in respect of a solvent liquidation of a member of the Group which is not the Borroweran Obligor), receiver, administrative receiver, administrator, compulsory or interim manager or other similar officer in respect of any member of the Group or any of its assets; or (d) enforcement of any Security over any assets of any member of the Group, or any analogous procedure or step is taken in any jurisdiction and is not discharged or stayed within 30 days of commencementjurisdiction.