Insolvency Date definition

Insolvency Date means either the date of appointment of the Insolvency Practitioner or the date of calling up by a Creditor;
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Insolvency Date means the date on which the first Insolvency Event, in relation to the Company occurs;
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Insolvency Date means the date referred to in Article XI(1); [(k)]
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Examples of Insolvency Date in a sentence

  • If the claim of the creditor is denominated in another currency than the euro, it shall only be admitted in the Insolvency Proceedings for its equivalent value in euro, which equivalent value shall be calculated at the rate of exchange on the Insolvency Date (Sections 133/260(2) Bankruptcy Code).

  • Elsewhere the agreement says that family practice does not include provision of after-hours “urgent care” medical services without a scheduled appointment.3. Insolvency Date.

  • HospitalityIt is not always possible or desirable to reject offers of hospitality, for example, attending a function in an official capacity, or having a working lunch.

  • When Osman refused nomination, his supporters accepted Ismail.” Burns’s view was based on the statements by Kuloop Rheo on 24 January 1877 in Perak Enquiry Papers, Vol.

  • Section 228 BA furthermore provides that, in case of a declaration of suspension of payments, the estate is not liable for obligations incurred by the debtor without co-operation, authorisation or assistance of its administrator(s) on or after the Insolvency Date, except to the extent that such obligations arise from transactions which benefit the estate.

  • This Agreement shall terminate upon the earliest to occur of (i) the receipt by PMF of a CVR Payment, Disposition Payment, Insolvency Payment, Bona Fide Offer Payment or Put Payment and (ii) 14 days after the earliest to occur of the Maturity Date, the Disposition Date, the Insolvency Date or the Bona Fide Offer Date if no payments are required to be made by MannKind pursuant to Section 2.1.

  • In other words, it is arguable that the optional termination (and set off) occurs too late because, as a matter of law, it has already taken place on the Insolvency Date.

  • Contact Name David Krumm Insolvency Date 01012002 NAIC Number 3493 Street Address 941 O Street Suite 400 City State Zip.

  • The Applicant states that as per the Information Memorandum to the claims from the Workmen, no dues are unpaid for the period of 2 (two) years prior to the commencement of the Insolvency Date.

  • Damages will usually consist of the difference between the contract price and the price on the Insolvency Date.


More Definitions of Insolvency Date

Insolvency Date means, the first date on which an Event of Insolvency occurs.
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Insolvency Date. The date on which an Account Debtor becomes Insolvent.
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Insolvency Date means the date referred to in paragraph 2 of Article XIX of this Protocol;
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Insolvency Date means the date referred to in Article XII(1);
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Insolvency Date means the first date as of which any Collateral Agent or the Revolver Agent shall have been given notice of the fact that any Debtor has become the subject of any voluntary or involuntary bankruptcy, insolvency, reorganization, receivership, liquidation, conservatorship, or like proceeding, or has made a general assignment for the benefit of creditors.
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Insolvency Date has the meaning provided in Section 2.1(c).
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Related to Insolvency Date

  • Insolvency Event means, with respect to a specified Person, (a) the filing of a decree or order for relief by a court having jurisdiction in the premises in respect of such Person or any substantial part of its property in an involuntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official for such Person or for any substantial part of its property, or ordering the winding-up or liquidation of such Person’s affairs, and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or (b) the commencement by such Person of a voluntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or the consent by such Person to the entry of an order for relief in an involuntary case under any such law, or the consent by such Person to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official for such Person or for any substantial part of its property, or the making by such Person of any general assignment for the benefit of creditors, or the failure by such Person generally to pay its debts as such debts become due, or the taking of action by such Person in furtherance of any of the foregoing.

  • Insolvency Filing means that a Share Issuer institutes, or has instituted against it by a court, regulator, supervisor, or any similar official with primary insolvency, rehabilitative, or regulatory jurisdiction over it in the jurisdiction of its incorporation or organization or the jurisdiction of its head or home office, or it consents to a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors' rights, or a petition is presented for its winding-up or liquidation by it or such regulator, supervisor, or similar official or it consents to such a petition, provided that proceedings instituted or petitions presented by creditors and not consented to by the Share Issuer shall not be deemed an Insolvency Filing.

  • Lender Insolvency Event means that (i) a Lender or its Parent Company is insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, or (ii) such Lender or its Parent Company is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Lender or its Parent Company, or such Lender or its Parent Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment.

  • Insolvency Proceeding means any proceeding under Title 11 of the United States Code (11 U.S.C. Sec. 101 et seq.) or any other insolvency, liquidation, reorganization or other similar proceeding concerning the Mortgage Loan Borrower, any action for the dissolution of the Mortgage Loan Borrower, any proceeding (judicial or otherwise) concerning the application of the assets of the Mortgage Loan Borrower for the benefit of its creditors, the appointment of or any proceeding seeking the appointment of a trustee, receiver or other similar custodian for all or any substantial part of the assets of the Mortgage Loan Borrower or any other action concerning the adjustment of the debts of the Mortgage Loan Borrower, the cessation of business by the Mortgage Loan Borrower, except following a sale, transfer or other disposition of all or substantially all of the assets of the Mortgage Loan Borrower in a transaction permitted under the Mortgage Loan Documents; provided, however, that following any such permitted transaction affecting the title to the Mortgaged Property, the Mortgage Loan Borrower for purposes of this Agreement shall be defined to mean the successor owner of the Mortgaged Property from time to time as may be permitted pursuant to the Mortgage Loan Documents; provided, further, however, that for the purposes of this definition, in the event that more than one entity comprises the Mortgage Loan Borrower, the term “Mortgage Loan Borrower” shall refer to any such entity.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Insolvency Proceeds shall have the meaning set forth in Section 9.01(b).

  • Insolvent pertaining to a condition of Insolvency.

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.

  • Bankruptcy Event means, with respect to any Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment, provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, provided, further, that such ownership interest does not result in or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person.

  • Bankruptcy Proceeding means any bankruptcy, reorganization, insolvency, composition, restructuring, dissolution, liquidation, receivership, assignment for the benefit of creditors, or custodianship action or proceeding under any federal or state law with respect to Borrower, any guarantor of any of the Senior Indebtedness, any of their respective properties, or any of their respective partners, members, officers, directors, or shareholders.