the Defaulting Pool Member. (a) is unable to pay its debts (within the meaning of section 123(1) or (2) of the Insolvency Xxx 0000, but subject as hereinafter provided in this Clause 66.3.6) or if any voluntary agreement is proposed in relation to it under section 1 of that Act or enters into any scheme of arrangement (other than for the purpose of reconstruction or amalgamation upon terms and within such period as may previously have been approved in writing by the Executive Committee);
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Samples: Supplemental Agreement (Entergy London Capital Lp), Supplemental Agreement (Southern Investments Uk PLC), Supplemental Agreement (Txu Eastern Holdongs LTD)
the Defaulting Pool Member. (a) is unable to pay its debts (within the meaning of section 123(1) or (2) of the Insolvency Xxx Axx 0000, but subject as hereinafter provided in this Clause 66.3.6) or if any voluntary agreement is proposed in relation to it under section 1 of that Act or enters into any scheme of arrangement (other than for the purpose of reconstruction or amalgamation upon terms and within such period as may previously have been approved in writing by the Executive Committee);
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Samples: Calenergy Co Inc
the Defaulting Pool Member. (a) is unable to pay its debts (within the meaning of section 123(1) or (2) of the Insolvency Xxx 0000Act 1986, but subject as hereinafter provided in this Clause 66.3.666.3.5) or if any voluntary agreement is proposed in relation to it under section 1 of that Act or enters into any scheme of arrangement (other than for the purpose of reconstruction or amalgamation upon terms and within such period as may previously have been approved in writing by the Executive Committee);
Appears in 1 contract
