Insolvency Administration definition
Insolvency Administration means, in relation to a person:
Insolvency Administration means, in relation to an Issuer, a winding up of the Issuer, or the appointment of an administrator to the Issuer pursuant to Part 5.3A of the Corporations ▇▇▇ ▇▇▇▇ (Cth).
Insolvency Administration means, in relation to a person, its winding up, or the appointment of an administrator to that person pursuant to Part 5.3A of the Corporations Act. Iron Ore Assets has the meaning given in the Joint Venture Agreement.
Examples of Insolvency Administration in a sentence
Payments to creditors during Insolvency Administration under 5.02 shall be charged against the Subtrusts in proportion to their balances, except that payment of Plan benefits to a Participant as a general creditor shall be charged against the Subtrust for that Plan.
Benefit payments due during the period of Insolvency Administration shall be made as soon as practicable, together with interest from the due dates at the rate credited on the Participant's account under the Plan.
Surplus of an Issuer on an Insolvency Administration has the meaning in the Funding and Distribution Policy.
TERMINATION by the principal The Principal may terminate this Agreement on seven (7) days notice to the Contractor if the Contractor enters into any form of Insolvency Administration.
Payments to general creditors during Insolvency Administration shall be charged, until each such trust is exhausted, against each Participant Trust in proportion to its account balance plus payments therefrom to the beneficiary thereof made during the previous duration of said Participant Trust, except that payment of benefits to a Plan participant as a general creditor shall be charged against the appropriate Participant Trust for that participant.
More Definitions of Insolvency Administration
Insolvency Administration means: if the Contractor is a body corporate: an administrator is appointed to the Contractor; the Contractor resolves to be wound up; a court order is made that the Contractor be wound up (for insolvency or otherwise); the Contractor ceases business; a receiver or manager is appointed to the Contractor; a liquidator or provisional liquidator of the Contractor is appointed; the Contractor enters into an arrangement with its creditors; and/or the Contractor is unable to pay its debts when they are due; if the Contractor is a natural person: the Contractor has committed an act of bankruptcy as contemplated by the Bankruptcy ▇▇▇ ▇▇▇▇ (Cth); the Contractor is unable to pay his or her debts as and when they become due and payable; the court has made a sequestration order against the Contractor’s estate;
Insolvency Administration means, in relation to a person: the person ceases to carry on business; an order is made by a Court of competent jurisdiction for the winding up or dissolution of the person pursuant to the Corporations ▇▇▇ ▇▇▇▇ (Cth); any step is taken to appoint a receiver, receiver and manager, trustee in bankruptcy or similar officer over all or any of the assets or undertakings of the person and is not discontinued or withdrawn within five Business Days; any step is taken by a mortgagee to take possession either directly or by an agent over all or any of the assets, operations, or undertakings of the person and is not discontinued or withdrawn within five Business Days; any step is taken to appoint a liquidator or provisional liquidator to the person and is not discontinued or withdrawn within five Business Days; any step is taken to appoint an administrator to the person; any step is taken to enter into a compromise or deed of arrangement between the person and its creditors; or the person is insolvent or is presumed insolvent under the Corporations ▇▇▇ ▇▇▇▇ (Cth).
Insolvency Administration means:
1.15.1 an administrator is appointed to the Licensee or action is taken to make such an appointment;
1.15.2 the Licensee resolves to be wound up;
1.15.3 an application is made to a court for an order or an order is made that the Licensee be wound up (whether on grounds of insolvency or otherwise);
1.15.4 the Licensee ceases to carry on business;
1.15.5 a receiver or a receiver and manager of property of the Licensee is appointed whether by a court or otherwise;
1.15.6 an application is made to a court for an order appointing a liquidator or provisional liquidator in respect of the Licensee or one of them is appointed, whether or not under an order;
1.15.7 the Licensee enters into a compromise or arrangement with its creditors or a class of them; or
1.15.8 the Licensee is or states that it is unable to pay its debts when they fall due.
Insolvency Administration means:
(a) an administrator is appointed to the Service Provider or action is taken to make such an appointment;
(b) the Service Provider resolves to be wound up;
(c) an application is made to a court for an order or an order is made that the Service Provider be wound up (whether on grounds of insolvency or otherwise);
(d) the Service Provider ceases to carry on business;
(e) a receiver or a receiver and manager of property of the Service Provider is appointed whether by a court or otherwise;
(f) an application is made to a court for an order appointing a liquidator or provisional liquidator in respect of the Service Provider or one of them is appointed, whether or not under an order;
(g) the Service Provider enters into a compromise or arrangement with its creditors or a class of them; or
(h) the Service Provider is or states that it is unable to pay its debts when they fall due.
Insolvency Administration means the appointment of an administrator, receiver, receiver and manager, liquidator or provisional liquidator, and includes the commencement of winding up proceedings against a Party in a court. Intellectual Property or IP means all intellectual property rights, including: copyright, patents, trademarks (including goodwill in those marks), designs, trade secrets, know how, rights in circuit layouts, domain names and any right to have confidential information kept confidential; any application or right to apply for registration of any of the rights referred to in paragraph (a); and all rights of a similar nature to any of the rights in paragraphs (a) and (b) which may subsist in Australia or elsewhere, whether or not such rights are registered or capable of being registered.
Insolvency Administration means if: an administrator is appointed to the RTO or action is taken to make that appointment; a receiver or a receiver and manager of property of the RTO is appointed whether by a court or otherwise; the RTO enters into a compromise or arrangement with its creditors or a class of them; the RTO resolves to be wound up; an application is made to a court for an order or an order is made that the RTO be wound up (whether on grounds of insolvency or otherwise); the RTO ceases to carry on business; or the RTO appoints a liquidator to wind up its affairs.
Insolvency Administration means if the lessee is a natural person: