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 Xxx 0000 (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.
During Insolvency Administration the participants’ rights to trust assets shall not be superior to those of any other general creditor of the Company.
Payments to general creditors during Insolvency Administration under 5.02 shall be charged against the Subtrusts in proportion to their balances, except that the payment of benefits to a Plan participant as a general creditor shall be charged against the Subtrust for that Plan.
After 30 days from the deadline for collection, the penalty will increase from the 31st day to Euro 500.00 (five hundred/00).The adjudicatee, in the case of purchase of registered movable property, within the deadline of withdrawal, at his own care and expense, and subject to authorisation by the Insolvency Administration, must complete the formalities relating to the transfer of ownership and the cancellation of the Bankruptcy fees.
An Insolvency Administration has been set up, combining the functions of the guarantee fund and supervision of insolvency processes.
More Definitions of Insolvency Administration
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 Xxx 0000 (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in bankruptcy or similar officer over all or any of the assets or undertakings of the person and is not discontinued or withdrawn within five Business Days; any step is taken by a mortgagee to take possession either directly or by an agent over all or any of the assets, operations, or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 Xxx 0000 (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: 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 Xxx 0000 (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, if the Provider is a company:
(a) an administrator is appointed to the Provider or action is taken to make such an appointment;
(b) the Provider resolves to be wound up;
(c) an application is made to a court for an order or an order is made that the Provider be wound up (whether on grounds of insolvency or otherwise);
(d) the Provider ceases to carry on business;
(e) a receiver or a receiver and manager of property of the 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 Provider or one of them is appointed, whether or not under an order;
(g) the Provider enters into a compromise or arrangement with its creditors or a class of them; or
(h) the Provider is or states that it is unable to pay its debts when they fall due.
Insolvency Administration means where:
1.12.1 an administrator is appointed to the Grantee;
1.12.2 the Grantee resolves to be wound up;
1.12.3 an application is made to a court for an order, or an order is made, that the Grantee be wound up (whether on grounds of insolvency or otherwise);
1.12.4 the Grantee ceases to carry on business;
1.12.5 a receiver or a receiver and manager of property of the Grantee is appointed whether by a court or otherwise; or
1.12.6 the Grantee enters into deed of company arrangement or any other compromise or arrangement with its creditors or a class of them.
Insolvency Administration means if you are a corporate body: an administrator is appointed to you; you resolve to be wound up; a court order is made that you be wound up (for insolvency or otherwise); you cease business; a receiver or manager is appointed to you; a liquidator or provisional liquidator of you is appointed; you enter into an arrangement with your creditors; or you are unable to pay your debts when they are due; if you are a natural person: you have committed an act of bankruptcy as contemplated by the Bankruptcy Xxx 0000 (Cth); you are unable to pay your debts as and when they become due and payable; the court has made a sequestration order against your estate; a creditors’ petition has been presented against you; you have presented to the official receiver a declaration of intention to present a debtor’s petition; you become a bankrupt; a meeting of your creditors is convened; or you lodge with your trustee a proposal to your creditors for a composition in satisfaction of your debts or a scheme of arrangement of your affairs; if you are trading as a partnership, the occurrence of any of the events described in clause 47.13.2 in relation to any of the partners of the partnership.
Insolvency Administration means, if the lessee is a corporation: