Business Failure definition
Examples of Business Failure in a sentence
Description: Critical Business Failure Example: Problem affecting data causing data corruption but system is still usable.
Business Failure An event such as the appointment of an administrator, the appointment of a receiver or an administrative receiver.
Restraint of Business 55 (j) Business Failure 55 (k) Bankruptcy 56 (l) Default by ▇▇▇▇▇▇▇▇▇ ▇▇ (▇) ▇▇▇▇▇▇▇▇▇▇ - ▇▇▇▇▇▇▇▇▇▇ ▇▇ (▇) Termination of Guaranty 56 (o) Challenge to Loan Documents 56 (p) Key Management.
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Cf. ▇▇ ▇▇▇▇▇ ‘The Uneasy Case for Corporate Reorganizations’ (1986) 15 Journal of Legal Studies 133; ▇ ▇▇▇▇▇▇▇▇▇▇▇ and ▇ ▇▇▇ ▇▇▇▇▇▇▇, Restructuring the European Business Enterprise: The EU Commission Recommendation on a New Approach to Business Failure and Insolvency (European Corporate Governance Institute (ECGI) - Law Working Paper No. 301/2015), Oxford Legal Studies Research Paper No. 52/2015, 14.
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The Borrowers acknowledge and agree that the following Defaults and Events of Default constitute "Non-Curable Defaults (so referred to herein)," cannot be cured, and that they have no right to cure or attempt to cure any Default or Event of Default related to the events described in any of Sections 10.5 (Misrepresentation), 10.10 (Business Failure), 10.11 (Bankruptcy), 10.12 (Indictment - Forfeiture), or 10.15 (Challenge to Loan Documents).
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