Common use of Involuntary Proceedings Clause in Contracts

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- stayed and in effect, for a period of sixty (60) or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or

Appears in 11 contracts

Sources: Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement, Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement, Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- stayed and in effect, for a period of sixty (60) 60 or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or

Appears in 9 contracts

Sources: Build Ready Standard Form Agreement, Renewable Energy Standard Agreement, Renewable Energy Standard Agreement

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (ia) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (iib) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iiic) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- stayed and in effect, for a period of sixty (60) 60 or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or

Appears in 7 contracts

Sources: Res Standard Form Agreement, Renewable Energy Standard Agreement, Renewable Energy Standard Agreement

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (ia) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (iib) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iiic) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissedundismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- stayed unstayed and in effect, for a period of sixty (60) 60 or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or

Appears in 6 contracts

Sources: RPS Standard Form Contract (Noble Environmental Power LLC), RPS Standard Form Contract (Noble Environmental Power LLC), RPS Standard Form Contract (Noble Environmental Power LLC)

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- un-stayed and in effect, for a period of sixty (60) or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or

Appears in 6 contracts

Sources: Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement, Offshore Wind Renewable Energy Certificate Purchase and Sale Agreement, Tier 4 Renewable Energy Certificate Purchase and Sale Agreement

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of with respect to all or any substantial part of its assets; or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- un-stayed and in effect, for a period of sixty (60) 60 or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or

Appears in 3 contracts

Sources: Standard Form Agreement, Res Standard Form Agreement, Res Standard Form Agreement

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissedundismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- stayed unstayed and in effect, for a period of sixty (60) or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; oror (iv) as part of such a proceeding, a Party, receiver, custodian, trustee or liquidator shall cancel this Agreement, or sell ZECs to a third party other than NYSERDA or (subject to the terms of Section 2.9) an LSE;

Appears in 3 contracts

Sources: Zec Standard Contract, Zec Standard Contract (Exelon Generation Co LLC), Zec Standard Contract (Exelon Generation Co LLC)

Involuntary Proceedings. A proceeding or case shall be commenced against a the Borrower or any other Loan Party, without its application or consent, in any court of competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; , (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; , or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissedundismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- stayed unstayed and in effect, for a period of sixty (60) 60 or more days; or an order for relief against a Party, the Borrower or any other Loan Party shall be entered in an involuntary case under the Bankruptcy Code; or.

Appears in 2 contracts

Sources: Credit Agreement (Serologicals Corp), Credit Agreement (Serologicals Corp)

Involuntary Proceedings. A proceeding or case shall be commenced against a the Company or any other Loan Party, without its application or consent, in any court of competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; , (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; , or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissedundismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- stayed unstayed and in effect, for a period of sixty (60) 60 or more days; or an order for relief against a Party, the Company or any other Loan Party shall be entered in an involuntary case under the Bankruptcy Code; or.

Appears in 2 contracts

Sources: Credit Agreement (Docucorp Inc), Credit Agreement (Serologicals Corp)

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- un-stayed and in effect, for a period of sixty (60) 60 or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or

Appears in 1 contract

Sources: Termination Agreement

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissedundismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- stayed unstayed and in effect, for a period of sixty (60) or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; oror (iv) as part of such a proceeding, a Party, receiver, custodian, trustee or liquidator shall cancel this Agreement, or sell ZECs to a third party other than NYSERDA or (subject to the terms of Section 2.9) an LSE; EXECUTION VERSION

Appears in 1 contract

Sources: Zec Standard Contract

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (ia) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (iib) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iiic) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- un-stayed and in effect, for a period of sixty (60) 60 or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or

Appears in 1 contract

Sources: Renewable Energy Standard Agreement

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- un-stayed and in effect, for a period of sixty (60) or more days; or (iv) an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or

Appears in 1 contract

Sources: Tier 4 Renewable Energy Certificate Purchase and Sale Agreement

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (ia) its liquidationLiquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (iib) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iiic) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissedundismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- stayed unstayed and in effect, for a period of sixty (60) 60 or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or

Appears in 1 contract

Sources: RPS Standard Form Contract (Noble Environmental Power LLC)

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- un-stayed and in effect, for a period of sixty (60) 60 or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or.

Appears in 1 contract

Sources: Conditional Termination Agreement

Involuntary Proceedings. A proceeding or case shall be commenced against a Party, without its application or consent, in any court of competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts; (ii) the appointment of a trustee, receiver, custodian, liquidator or the like of all or any substantial part of its assets; or (iii) similar relief under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue un-dismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue un- un-stayed and in effect, for a period of sixty (60) 60 or more days; or an order for relief against a Party, shall be entered in an involuntary case under the Bankruptcy Code; or

Appears in 1 contract

Sources: Renewable Energy Standard Agreement