Insolvency Notice definition

Insolvency Notice means a notice served by the Security Trustee on the Issuer upon the occurrence of an Insolvency Acceleration Event pursuant to Clause 5.1 (Delivery of notice) of the Security Trust Deed;
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Insolvency Notice means the written notice delivered in original by Collateral Agent to Trustee, pursuant to the terms of the form attached hereto as Exhibit “E”, in which Collateral Agent (i) notifies that a competent judge has issued a Insolvency declaration, and (ii) conspicuously credits the foregoing, attaching copy of (A) the publication of the Insolvency Resolution by the corresponding court, in the courtroom or by legal gazette, (B) the personal notice of the Insolvency Resolution, conducted by the conciliator or liquidator, (C) the publication of the extract of the resolution in the Federal Official Gazette, or (D) any other form permitted by the CIL and other legal applicable provisions..
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Insolvency Notice means an Enforcement Notice served by the Security Trustee pursuant to Clause 3.3 (Mandatory Acceleration Events) of the Security Trust Deed specifying that a Mandatory Acceleration Event has occurred;
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Examples of Insolvency Notice in a sentence

  • If, in the reasonable opinion of the Directors, the Company is, or is likely to become, insolvent (whether or not a receiver, receiver and manager, provisional liquidator or liquidator has been appointed or mortgagee has taken possession of the property of Limited) the Directors must immediately give notice (Limited Insolvency Notice) to Plc of such fact.

  • Revocation of Authorization; Notice of Insolvency; Notice of Change of Ownership 28R20-5-212.

  • In the event that the Issuer does not duly deliver sucha notice, the Insolvency Redemption Date shall be the date which falls 30 days after the day on which the Insolvency Notice was delivered to the Issuer.

  • Rate VolatilityAs of June 30, 20161) Market Value of Assets$119,049,9972) Payroll$1,320,8443) Asset Volatility Ration [(1) l (2)]90.14) Accrued Liability$106,974,6555) Liability Volatility Ratio [(4) l (2)]81.0 The volatility ratios for this plan are extremely high due to the closed nature of the plan.

  • Upon receipt of a Plc Insolvency Notice, the Company shall seek to ensure that the economic returns made or otherwise available to a holder of a Limited Ordinary Share relative to the economic returns available to a holder of a Plc Ordinary Share (or vice versa) are in due proportion having regard to the Equalisation Ratio ( Economic Equivalence) by takingthe steps set out in paragraphs 141(1)(b) or (c).

  • Sub-rule (2) mandates that the Insolvency Notice shall be in Form No. 1-B with such variations as the circumstances may require.

  • Leave of absence will not be grantedto accept other employment of any kind.

  • Verification against Monte Carlo SimulationThe Monte Carlo simulation is considered the gold standard for patient dose estimation.

  • In the light of the above discussion, we further hold that the Insolvency Notice issued under section 9(2) of the P.T.I. Act 1909 cannot be sustained on the basis of arbitral award which has been passed under the Arbitration & Conciliation Act, 1996.

  • Revocation of Authorization; Notice of Insolvency; Notice of Change of OwnershipA.


More Definitions of Insolvency Notice

Insolvency Notice shall have the meaning set forth in Clause 8.2.1.
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Insolvency Notice has the meaning set forth in Section 8.2.6 hereof.
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Related to Insolvency Notice

  • Deficiency Notice has the meaning specified in Section 6.1(a);

  • Denial notice means a board notification denying an application for the issuance or renewal of a license as required by the Act.

  • 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.

  • 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.

  • Event of Insolvency means, for any Person:

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

  • 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.

  • Default Notice means the written notice of Default of the Agreement issued by one Party to the other.

  • Bankruptcy Default has the meaning assigned to such term in Section 6.01.

  • Insolvency Proceedings means bankruptcy, liquidation or other collective judicial or administrative proceedings, including interim proceedings, in which the assets and affairs of the debtor are subject to control or supervision by a court for the purposes of reorganisation or liquidation;

  • Step-In Notice has the meaning set out in Section 3.1;

  • Disagreement Notice has the meaning set forth in Section 2.2.3.1(b).

  • Change Notice is defined in Section 3.5(a) of this Agreement.

  • Enforcement Notice means a written notice delivered by either the ABL Agent or the Term Agent to the other announcing that an Enforcement Period has commenced.

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

  • Repudiation/Moratorium Extension Notice means a notice from the Calculation Agent to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Potential Repudiation/Moratorium that occurred on or prior to the Scheduled Maturity Date. A Repudiation/Moratorium Extension Notice must contain a description in reasonable detail of the facts relevant to the determination that a Potential Repudiation/Moratorium has occurred and indicate the date of the occurrence. The Potential Repudiation/Moratorium that is the subject of the Repudiation/Moratorium Extension Notice need not be continuing on the date the Repudiation/Moratorium Extension Notice is effective.

  • Rejection Event means, in respect of the Benchmark, the relevant competent authority or other relevant official body rejects or refuses or will reject or refuse any application for authorisation, registration, recognition, endorsement, equivalence, approval or inclusion in any official register which, in each case, is required in relation to the Securities, the Benchmark or the administrator or sponsor of the Benchmark under any applicable law or regulation for the Issuer or any other entity to perform its obligations in respect of the Securities.

  • Bankruptcy Proceeding means any case, action or proceeding before any court or other Governmental Authority relating to any Bankruptcy Event.

  • Publication Notice means the summary notice of proposed Settlement and hearing for publication substantially in the form attached as Exhibit 3 to Exhibit A.

  • Notice of Appeal means a notice given pursuant to Condition 6.2.

  • Selection Notice means a notice substantially in the form set out in Part II of Schedule 3 (Requests) given in accordance with Clause 9 (Interest Periods).

  • Insolvency or Liquidation Proceeding means, with respect to any Person, any liquidation, dissolution or winding up of such Person, or any bankruptcy, reorganization, insolvency, receivership or similar proceeding with respect to such Person, whether voluntary or involuntary.

  • Reminder Notice means a notice in writing issued in accordance with clause 7.1(1)(a).

  • Insolvent insurer means a member insurer which, after the effective date of this chapter, is placed under an order of liquidation by a court of competent jurisdiction with a finding of insolvency.

  • Rectification Notice means a notice in writing that identifies a defect in a work and requires rectification of the defect within a specified period of time.

  • Collection Notice means a notice, in substantially the form of Annex A to Exhibit VI, from the Administrative Agent to a Collection Bank.