Common use of Involuntary Insolvency Clause in Contracts

Involuntary Insolvency. if a decree or order of a court of competent jurisdiction is entered adjudging the Borrower or a Material Subsidiary a bankrupt or insolvent under the Companies’ Creditors Arrangement Act (Canada), the Bankruptcy and Insolvency Act (Canada), the Winding-up and Restructuring Act (Canada) or any other bankruptcy, insolvency or analogous laws or ordering the winding up or liquidation of its affairs;

Appears in 3 contracts

Samples: Credit Agreement (Hammerhead Energy Inc.), Credit Agreement (Trident Resources Corp), Credit Agreement (Pacific Energy Partners Lp)

AutoNDA by SimpleDocs

Involuntary Insolvency. if a decree or order of a court of competent jurisdiction is entered adjudging the a Borrower or a Material Subsidiary a bankrupt or insolvent under the Companies’ Creditors Arrangement Act (Canada), the Bankruptcy and Insolvency Act (Canada), the Winding-up and Restructuring Act (Canada) or any other bankruptcy, insolvency or analogous laws or ordering the winding up or liquidation of its affairs;

Appears in 3 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.), Credit Facilities (Baytex Energy Corp.)

Involuntary Insolvency. if a decree or order of a court of competent jurisdiction is entered adjudging the Borrower or a Material Subsidiary a bankrupt or insolvent under the Companies’ Creditors Arrangement Act (Canada), the Bankruptcy and Insolvency Act (Canada), the Winding-up and Restructuring Act (Canada) or any other bankruptcy, insolvency or analogous laws or ordering the winding up or liquidation of its affairs;

Appears in 2 contracts

Samples: Credit Agreement (Trident Resources Corp), Credit Agreement (Trident Resources Corp)

Involuntary Insolvency. if a decree or order of a court of competent jurisdiction is entered adjudging the Borrower or a Material Subsidiary a bankrupt or insolvent under the Companies’ Creditors Arrangement Act (Canada), the Bankruptcy and Insolvency Act (Canada), the Winding-up and Restructuring Act (Canada) or any other bankruptcy, insolvency insolvency, corporate or analogous laws or ordering the winding up or liquidation of its property or affairs;

Appears in 2 contracts

Samples: Credit Agreement (Greenfire Resources Ltd.), Credit Agreement (Obsidian Energy Ltd.)

Involuntary Insolvency. if a decree or order of a court of competent jurisdiction is entered adjudging the a Borrower or a Material Subsidiary a bankrupt or insolvent under the Companies' Creditors Arrangement Act (Canada), the Bankruptcy and Insolvency Act (Canada), the Winding-up and Restructuring Act (Canada) or any other bankruptcy, insolvency or analogous laws or ordering the winding up or liquidation of its affairs;

Appears in 2 contracts

Samples: Credit Agreement (Baytex Energy Corp.), Credit Agreement (Baytex Energy Corp.)

AutoNDA by SimpleDocs

Involuntary Insolvency. if a decree or order of a court of competent jurisdiction is entered adjudging the Borrower or a Material Subsidiary a bankrupt or insolvent under the Companies’ Creditors Arrangement Act (Canada), the Bankruptcy and Insolvency Act (Canada), the Winding-Winding- up and Restructuring Act (Canada) or any other bankruptcy, insolvency insolvency, corporate or analogous laws or ordering the winding up or liquidation of its property or affairs;

Appears in 1 contract

Samples: Credit Agreement (Obsidian Energy Ltd.)

Involuntary Insolvency. if a decree or order of a court of competent jurisdiction is entered adjudging the Borrower or a Material Subsidiary a bankrupt or insolvent under the Companies' Creditors Arrangement Act (Canada), the Bankruptcy and Insolvency Act (Canada), the Winding-up and Restructuring Act (Canada) or any other bankruptcy, insolvency or analogous laws or ordering the winding up or liquidation of its affairs;

Appears in 1 contract

Samples: Credit Facilities (Hammerhead Energy Inc.)

Involuntary Insolvency. if a decree or order of a court of competent jurisdiction is entered adjudging the Borrower Parent or a Material Subsidiary a bankrupt or insolvent under the Companies' Creditors Arrangement Act (Canada), the Bankruptcy and Insolvency Act (Canada), the Winding-up and Restructuring Act (Canada) or any other bankruptcy, insolvency or analogous laws or ordering the winding up or liquidation of its affairs;

Appears in 1 contract

Samples: Credit Agreement (Baytex Energy Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!