Spanish terms and definitions. 1) In this Indenture, where it relates to a person incorporated or formed or having its center of main interests in Spain, a reference to:
(a) “insolvency” (concurso) or “insolvency proceeding” (procedimiento concursal) and any step or proceeding relating to it has the meaning attributed to them under the Spanish Insolvency Law, including a declaración de concurso con independencia de su carácter necesario o voluntario (including any notice to a competent court pursuant to article 585 of the Spanish Insolvency Law and its solicitud de inicio de procedimiento de concurso, auto de declaración de concurso, convenio judicial o extrajudicial con acreedores and transacción extrajudicial). A person being unable to pay its debts includes that person being in a state of insolvencia or in concurso according to Spanish Insolvency Law;
Spanish terms and definitions. (a) In this Indenture, where it relates to a Spanish Guarantor, a person incorporated or formed or having its center of main interests in Spain, or to Spanish law, a reference to:
Spanish terms and definitions. (a) In this Indenture, where it relates to a person incorporated or formed or having its center of main interests in Spain, a reference to:
(i) “administration,” “insolvency” or “insolvency proceeding” and any step or proceeding relating to it has the meaning attributed to them under the Spanish Insolvency Law, including a declaración de concurso con independecia de su carácter necesario o voluntario (as well as any solicitud de inicio del procedimiento de concurso voluntario, the request of declaration of insolvency by a third party (solicitud de concurso por acreedores) (including without limitation, any petition filed under a competent court pursuant to article 5 bis or article 231 of the Spanish Insolvency Law and its solictud de inicio de procedimiento de concurso, auto de declaración de concurso, convenio judicial o extrajudicial con acreedores and transacción extrajudicial). A person being unable to pay its debts includes that person being in a state of insolvencia or in concurso according to Spanish Insolvency Law;
Spanish terms and definitions. (i) In this Indenture, where it relates to a person incorporated or formed or having its center of main interests in Spain, a reference to: (a) “insolvency” ( concurso ) or “insolvency proceeding” ( procedimiento concursal ) and any step or proceeding relating to it has the meaning attributed to them under the Spanish Insolvency Law, in- cluding a declaración de concurso con independecia de su carácter necesario o voluntario (including any notice to a competent court pursuant to article 5 bis of the Spanish Insolvency Law and its solictud de inicio de procedimiento de concurso, auto de declaración de concurso, convenio judicial o extrajudicial con acreedores and transacción extrajudicial ). A person being unable to pay its debts includes that person be- ing in a state of insolvencia or in concurso according to Spanish Insolvency Law; (b) “control” has the meaning stated under article 42 of the Spanish Commercial Code. -43-
