Financially Distressed definition

Financially Distressed means "financially distressed" as such term is defined in section 128(1)(f) of the Companies Act and "Financial Distress" shall have a corresponding meaning;

Financially Distressed means that:

Financially Distressed means, in relation to a person:

Examples of Financially Distressed in a sentence

• Baird, The Hidden Virtues of Chapter 11: An Overview of the Law and Economics of Financially Distressed Firms (March 1997).

• Baird, The Hidden Virtues of Chapter 11: An Overview of the la and Economics of Financially Distressed Firms (March 1997).

• The purpose of the business rescue provisions as set out in Section 7(k) of the Companies Act is to provide for the efficient rescue and recovery of Financially Distressed companies in a manner that balances the rights and interests of all relevant stakeholders.

• Lipson, Directors’ Duties to Creditors: Power Imbalance and the Financially Distressed Corporation, 50 UCLA L.

• This part sets out the background to the Company and its business, and the factors that resulted in the Company being Financially Distressed and being placed under Business Rescue.

More Definitions of Financially Distressed

Financially Distressed shall have the meaning ascribed thereto in section 128 of the Companies Act; 2.3.2.15 a “holding company” shall be construed in accordance with the Companies Act;

Financially Distressed means in relation to any entity:

Financially Distressed means that it appears reasonably unlikely that a company will be able to pay all of its debts as they fall due and payable within the immediately ensuing six months or it appears reasonably likely that a company will become insolvent in the immediately ensuing six months.

Financially Distressed shall be defined in terms of section 128(1)(f) of the Companies Xxx 0000, and "Financial Distress" shall have a corresponding meaning.

Financially Distressed means a company is likely to be insolvent within the immediately ensuing six months;

Financially Distressed means that it appears reasonably unlikely that a company will be able to pay all of its debts as they fall due and payable within the immediately ensuing six months

Financially Distressed means in relation to any entity:(a) it appears to be reasonably unlikely to be able to pay all of its debts as they become due and payable within the immediately ensuing six months; or(b) it appears to be reasonably likely to become insolvent within the immediately ensuing 6 (six) months;