No Target Group Company. (A) is insolvent or unable to pay its debts within the meaning of the Insolvency Act 1986 or any other insolvency legislation applicable to the company concerned; or (B) has stopped paying its debts as they fall due.
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Samples: Share Purchase Agreement (Nord Anglia Education, Inc.), Share Purchase Agreement (Nord Anglia Education, Inc.)
No Target Group Company. (Aa) has: (i) failed to, or admitted that it is insolvent or unable to not able to, pay its debts within the meaning any of the Insolvency Act 1986 or any other insolvency legislation applicable to the company concerned; or
(B) has stopped paying its debts as they fall duedue or (ii) suspended making payments on any of its debts; and
(b) is insolvent within the meaning of any insolvency laws applicable to the relevant Target Group Company.
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No Target Group Company. (A) 17.1.1 is insolvent or unable to pay its debts within the meaning of the Insolvency Act 1986 Xxx 0000 or any other applicable insolvency legislation applicable to the company concernedlegislation; or
(B) 17.1.2 has stopped paying its debts as they fall due.
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