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 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

  • 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.

  • The Minister may terminate this Deed or any Purchase Order immediately by written notice to the Provider if the Provider enters into any form of Insolvency Administration.


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 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 where:
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in bankruptcy or similar officer over all or any of the assets or undertakings of the person and is not discontinued or withdrawn within five Business Days; any step is taken by a mortgagee to take possession either directly or by an agent over all or any of the assets, operations, or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, if the lessee is a corporation:
Insolvency Administration means if the lessee is a natural person:
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 Provider is a company: