Event of Bankruptcy or Insolvency means the dissolution or termination of a party’s existence as a going business, insolvency, appointment of receiver for any part of such party’s property and such appointment is not terminated within ninety (90) days after such appointment is initially made, any general assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against such party and such proceeding is not dismissed within ninety (90) days after the filing thereof.
Event of Bankruptcy or Insolvency means the dissolution or termination (other than a dissolution or termination by reason of a party merging with an affiliate) of a party’s existence as a going business, insolvency, appointment of receiver for any part of a party’s property and such appointment is not terminated within ninety (90) business days after such appointment is initially made, any general assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against a party and in the event such proceeding is not voluntarily commenced by the party, such proceeding is not dismissed within ninety (90) business days after the filing thereof.
Event of Bankruptcy or Insolvency means the dissolution or termination of a party’s existence as a going business, insolvency, appointment of receiver for any part of a party’s property and such appointment is not terminated within ninety (90) business days after such appointment is initially made, any general assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against a party and in the event such proceeding is not voluntarily commenced by the party, such proceeding is not dismissed within ninety (90) business days after the filing thereof.
Examples of Event of Bankruptcy or Insolvency in a sentence
If an Event of Bankruptcy or Insolvency occurs, the trustee, receiver or regulatory authority in charge of Tenant's business may temporarily assume the obligations of the Lease by curing all monetary defaults within ten (10) days from such occurrence, and curing all other defaults within thirty (30) days, and by timely paying all rents throughout the period of receivership, trust or regulatory control.
In the event of any Change of Control Announcement, Tender Offer Announcement or Event of Bankruptcy or Insolvency, the Class A Preferred Stock shall be immediately converted into that number of shares of Common Stock equal to the quotient of the Adjusted Liquidation Preference divided by the Closing Price of the Common Stock.
More Definitions of Event of Bankruptcy or Insolvency
Event of Bankruptcy or Insolvency means the dissolution or termination of Rackspace’s existence as a going business, insolvency, appointment of receiver for any significant part of Rackspace’s property and such appointment is not terminated within ninety (90) days after such appointment is initially made, any general assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Rackspace and such proceeding is not dismissed within ninety (90) days after the filing thereof.
Event of Bankruptcy or Insolvency means (i) the liquidation, dissolution, or termination of Fenway as a going business, (ii) insolvency or a declaration of insolvency of Fenway under any law, (iii) appointment of a receiver for Fenway,
Event of Bankruptcy or Insolvency means insolvency, appointment of receiver for the Property Owner and such appointment is not terminated within ninety(90) days after such appointment is initially made, any general assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against the Property Owner and such proceeding is not dismissed within ninety (90) days after the filing thereof.
Event of Bankruptcy or Insolvency means the dissolution or termination of the Grant Recipient’s existence as a going business, insolvency, appointment of a receiver for any part of the Grant Recipient’s property and such appointment is not terminated within ninety (90) days after such appointment is initially made, any general assignment for the benefit of creditors, the voluntary commencement of any proceeding under any bankruptcy or insolvency laws by the Grant Recipient, or the involuntary commencement of any proceeding against the Grant Recipient under any bankruptcy or insolvency laws and such involuntary proceeding is not dismissed within ninety (90) days after the filing thereof.
Event of Bankruptcy or Insolvency means the dissolution, termination or liquidation of Company’s existence as a going business (but not in connection with a merger, acquisition or other entity reorganization), the reorganization of Company as part of a bankruptcy proceeding, insolvency, or the appointment of a receiver for any significant part of Company’s Property.
Event of Bankruptcy or Insolvency will occur where: (i) Acquirer makes an assignment for the benefit of creditors, (ii) Acquirer voluntarily files a petition under the United States bankruptcy code and rules promulgated thereunder, (iii) Acquirer seeks, consents to or acquiesces in the appointment of a custodian, receiver or any trustee for it or a substantial part of its assets primarily for the benefit of its creditors, (iv) Acquirer commences a proceeding under any bankruptcy, reorganization, arrangement, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction, whether now or hereafter in effect, or (v) a petition of the nature described in subparagraph (iv) above is filed, or any such proceeding is commenced against Acquirer, in which an order for relief is entered or which remains undismissed for a period of more than sixty (60) days from the date of filing or commencement, as applicable.
Event of Bankruptcy or Insolvency means insolvency, appointment of receiver for the Property Owner and such appointment is not terminated within ninety (90) days after such appointment is initially made, any general assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against the Property Owner and such proceeding is not dismissed within ninety (90) days after the filing thereof.