Bankruptcy Filing definition

Bankruptcy Filing means an event that would constitute an “Event of Default” under Section 6.01(g) or Section 6.01(h) of the ACI 2030 Indenture without giving effect to any waiver thereof consented to by noteholders pursuant to the ACI 2030 Indenture.

Bankruptcy Filing means the filing of a petition by or against the Company or the Issuer in respect of the Company, any of its partners or the Issuer, as the case may be, as debtor under the United States Bankruptcy Code or similar bankruptcy or insolvency act. If the petition has been dismissed and the dismissal is final and not subject to appeal at the relevant time, the filing will not be considered to have occurred.

Bankruptcy Filing. With respect to any Person, either:

Examples of Bankruptcy Filing in a sentence

• Bankruptcy Filing On September 4, 2003 (the "Commencement Date"), the Debtors filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court").

• However, it does require that the financial statements for periods subsequent to the Bankruptcy Filing distinguish transactions and events that are directly associated with the reorganization from the ongoing operations of the business.The unaudited consolidated financial statements have been derived from the books and records of our Company.

• In connection with the Bankruptcy Filing, the Debtors entered into an amended and restated senior secured debtor-in-possession and exit asset-based revolving credit agreement (the "DIP ABL Facility"), which amends and restates the Company’s existing ABL Facility.

• Management’s decision to initiate the Bankruptcy Filing was in response to, among other things, our Company’s deteriorating liquidity and management’s conclusion that the challenges of successfully implementing additional financing initiatives and of obtaining necessary cost concessions from our Company’s business and labor partners, was negatively impacting our Company’s ability to implement our previously announced turnaround strategy.

• Chapter 11 Bankruptcy Filing - On October 30, 2006, DURA and its United States (“U.S.”) and Canadian subsidiaries (the “Debtors”) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).

More Definitions of Bankruptcy Filing

Bankruptcy Filing has the meaning set forth in the Recitals.

Bankruptcy Filing means a filing by which Seller and/or the assets of the Seller are placed under the jurisdiction of the U.S. Bankruptcy Court, whether under a Chapter 7 or Chapter 11 proceeding and whether voluntarily filed by Seller or as an involuntary proceeding instituted by any creditor of Seller, and such proceeding is not dismissed within 30 days of filing, and “Seller Breach” shall mean (i) use by Seller or its affiliates of any material portion of the Deposit in a manner other than as set forth in Paragraph 7(c) of the Letter of Intent, (ii) the incurrence by Seller of any additional material indebtedness or suffering of any additional material lien on any of its assets other than in the Ordinary Course of Business, (iii) any material diminution in value of the Acquired Assets as a result of a casualty loss with respect to the fixed assets located at the Facility, or (iv) a refusal by or the inability of Seller to close the Transaction (other than pursuant to Section 8.1(b)), or to satisfy a material condition of closing set forth in Section 7.1, or upon a breach of any of Seller’s material obligations set forth in this Agreement and required to be performed prior to Closing.

Bankruptcy Filing means any voluntary petition made by Hertz for relief under chapter 11 of title 11 (“Chapter 11”) of the United States Code (the “Bankruptcy Code”);

Bankruptcy Filing. Either of (i) the institution of any proceeding to have the Issuer, the Co-Issuer or any Blocker Subsidiary, as the case may be, adjudicated as bankrupt or insolvent or

Bankruptcy Filing. Either of (i) the institution of any proceeding to have the Issuer adjudicated as bankrupt or insolvent or (ii) the filing of any petition seeking relief, reorganization, arrangement, adjustment or composition of or in respect of the Issuer under applicable bankruptcy law or other applicable law.

Bankruptcy Filing. Natur has no knowledge of any facts or circumstances which lead it to believe that it will file for reorganization or liquidation under the bankruptcy or reorganization laws of any jurisdiction within one year from the Closing Date. Schedule 3.2(w) sets forth as of the date hereof all outstanding secured and unsecured Indebtedness of Natur or any Subsidiary, or for which Natur or any Subsidiary has commitments. For the purposes of this Agreement, “Indebtedness” means (x) any liabilities for borrowed money or amounts owed in excess of $50,000 (other than trade accounts payable incurred in the ordinary course of business), (y) all guaranties, endorsements and other contingent obligations in respect of indebtedness of others, whether or not the same are or should be reflected in Natur’s consolidated balance sheet (or the notes thereto), except guaranties by endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business; and (z) the present value of any lease payments in excess of $50,000 due under leases required to be capitalized in accordance with GAAP. Neither Natur nor any Subsidiary is in default with respect to any Indebtedness.

Bankruptcy Filing. The institution against, or joining any other Person in instituting against, the Issuer or the Co-Issuer any bankruptcy, reorganization, arrangement, insolvency, winding up, moratorium or liquidation Proceedings, or other Proceedings under Cayman Islands, U.S. federal or state bankruptcy or similar laws.