Argentine Bankruptcy Law definition

Argentine Bankruptcy Law means the Argentine Bankruptcy Law N(0) 24,522 as amended.
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Argentine Bankruptcy Law means the Argentine Bankruptcy law No. 24,522, as amended, supplemented or otherwise modified from time to time.
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Argentine Bankruptcy Law has the meaning set forth in the recitals hereof.
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Examples of Argentine Bankruptcy Law in a sentence

  • Among these the Argentine Congress passed two laws amending the Argentine Bankruptcy Law 24,522 (ABL).

  • The Argentine Bankruptcy Law No. 24522, as amended (the “Bankruptcy Law”) sets forth three main insolvency proceedings: (i) out-of-court arrangement (the “APE”), (ii) reorganisation (concurso preventive or “Reorganisation”) and (iii) bankruptcy and liquidation (all these three proceedings are further explained under Section 1.3 below).

  • Argentine Bankruptcy Law does not have a mechanism for handling the filing of a family of mul- tinational companies -it only has a mechanism for handling a family of companies registered in Argentine, which will not be useful for this case.

  • The main insolvency proceedings provided under the Argentine Bankruptcy Law 24,522, as amended by Laws 25,563 and 25,589 (the "Bankruptcy Law") are: (i) the ìacuerdo preventivo extrajudicialî procedure or ìAPEî (Out-of Court Reorganization Procedure), (ii) the ìconcurso preventivoî, (iii) the special bidding process, and (iv) bankruptcy.

  • In accordance with Section 76 of the Argentine Bankruptcy Law, if the Court Endorsement is granted, the Parties agree that this APE Agreement shall be binding upon all Affected Creditors, including all Non-Participating Creditors.

  • Yes, as explained in the answer to question #7 above, both the parent company of an Argentine subsidiary and also the D&O’s of such parent company or D&O’s of other related companies might be considered to be de facto directors of another subsidiaries and therefore subject to liabili- ty under Argentine Bankruptcy Law in case the Argentine subsidiary goes into liquidation.

  • This APE Agreement shall be considered as fulfilled, in the event that the Court Endorsement is obtained, upon delivery of the considerations set forth under this APE Agreement to the Non-Participating Creditors and its confirmation by the Bankruptcy Court under Section 59 of the Argentine Bankruptcy Law.

  • Under Argentine Bankruptcy Law, Fountain Parent filing for Chapter 11 in Delaware has no legal effects vis-à-vis Fountain Argentina.

  • The Argentine Bankruptcy Law was later amended to allow production to continue, as well as change of ownership during bankruptcy.

  • Under Argentine Bankruptcy Law the reorganization proceedings of an Argentine company shall only be filed in Argentina and subject to Argentine law.


More Definitions of Argentine Bankruptcy Law

Argentine Bankruptcy Law has the meaning assigned to such term in the recitals of this Agreement.
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Argentine Bankruptcy Law has the meaning specified in the Recitals herein.
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Argentine Bankruptcy Law has the meaning set forth in Section 4.1.
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Related to Argentine Bankruptcy Law

  • Bankruptcy Law means Title 11, U.S. Code or any similar federal or state law for the relief of debtors.

  • Bankruptcy Laws has the meaning specified in Section 10.9.

  • Insolvency Law means the Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments and similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Spanish Insolvency Law means the restated text of the Spanish Insolvency Law (Ley Concursal) approved by the Royal Decree-Legislative 1/2020, of 5 May, as amended from time to time.

  • Insolvency Laws The Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments, or similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Bankruptcy Party has the meaning assigned in Section 9.7.

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.

  • Bankruptcy Proceeding means any case, action or proceeding before any court or other Governmental Authority relating to any Bankruptcy Event.

  • U.S. Bankruptcy Code means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Insolvency or Liquidation Proceeding means, with respect to any Person, any liquidation, dissolution or winding up of such Person, or any bankruptcy, reorganization, insolvency, receivership or similar proceeding with respect to such Person, whether voluntary or involuntary.

  • Bankruptcy Code means Title 11 of the United States Code.

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.

  • Debtor Relief Law means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

  • Debtor in bankruptcy means a person that is the subject of:

  • Applicable Insolvency Laws means all Applicable Laws governing bankruptcy, reorganization, arrangement, adjustment of debts, relief of debtors, dissolution, insolvency, fraudulent transfers or conveyances or other similar laws (including, without limitation, 11 U.S.C. Sections 544, 547, 548 and 550 and other “avoidance” provisions of Title 11 of the United States Code, as amended or supplemented).

  • Insolvency Act means the Insolvency Xxx 0000;

  • Federal Bankruptcy Code means the Bankruptcy Act of Title 11 of the United States Code, as amended from time to time.

  • Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • Receivership means a proceeding in which a receiver is appointed.

  • Debtor Relief Laws means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

  • Insolvency Proceedings means, with respect to any Person, any case or proceeding with respect to such Person under U.S. federal bankruptcy laws or any other state, federal or foreign bankruptcy, insolvency, reorganization, liquidation, receivership or other similar laws, or the appointment, whether at common law, in equity or otherwise, of any trustee, custodian, receiver, liquidator or the like for all or any material portion of the property of such Person.

  • Liquidator has the meaning set forth in Section 13.2.A hereof.

  • Insolvency Regulation means the Regulation EU 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast).

  • Insolvency Action With respect to any Person, the taking by such Person of any action resulting in an Insolvency Event, other than solely under clause (g) of the definition thereof.

  • Bankruptcy Loss With respect to any Mortgage Loan, a Deficient Valuation or Debt Service Reduction; provided, however, that a Bankruptcy Loss shall not be deemed a Bankruptcy Loss hereunder so long as the Master Servicer has notified the Trustee in writing that the Master Servicer is diligently pursuing any remedies that may exist in connection with the related Mortgage Loan and either (A) the related Mortgage Loan is not in default with regard to payments due thereunder or (B) delinquent payments of principal and interest under the related Mortgage Loan and any related escrow payments in respect of such Mortgage Loan are being advanced on a current basis by the Master Servicer, in either case without giving effect to any Debt Service Reduction or Deficient Valuation.