Insolvency Policy definition

Insolvency Policy means the insolvency policy for, inter alia, the Competitions as updated by The FA from time to time.
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Insolvency Policy means the insolvency policy for, inter alia, the Competitions as updated by Leagues OpCo from time to time, as set out in Chapter 9.
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Examples of Insolvency Policy in a sentence

  • If during the course of a Membership Year the Board decides that the organisation and management or finances of a particular Club falls below the standards appropriate to membership of the Competitions, the Competition Secretary shall be instructed to warn the Club that the Board may, in the Board’s absolute discretion, take the action described in the Insolvency Policy and/or have its membership of the Competitions terminated or suspended at the end of that Membership Year.

  • This indicator measures the proportion of reorganization cases where a reorganization plan has been submitted and adopted against the total of reorganization 112 This is the result of the Insolvency Development Guidelines adopted by the Government of Latvia (see Cabinet Order No. 527 of 21 September 2016 “On Guidelines for Insolvency Policy Development for 2016- 2020 and Implementation Plan thereof”).

  • As set out in the Insolvency Policy Development Guidelines 2016-2020, this indicator is represented as cents on the euro recovered by secured creditors.

  • The Insolvency Policy has been updated to reflect guidance provided by the Local Government and Social Care Ombudsman issued as a result of their findings from complaints regarding the handling of insolvency proceedings by local authorities.

  • The Committee welcomes the intention to have an Insolvency Policy in place by the end of the financial year.

  • Once the Club’s CVA was approved in July 2019, the EFL took additional action under its Insolvency Policy, serving a notice of withdrawal of membership but then suspending that notice to give the Club a further opportunity to satisfy the requirements of the EFL to avoid loss of membership.

  • If during the course of a Membership Year the Board decides that the organisation and management or finances of a particular Club falls below the standards appropriate to membership of the Competitions, the Competition Secretary shall be instructed to warn theClub that the Board may, in the Board’s absolute discretion, take the action described in the Insolvency Policy and/or have its membership of the Competitions terminated or suspended at the end of that Membership Year.

  • The Council Tax and National Non Domestic Rates Insolvency Policy sets out the Council’s main processes and guidance on it practices for ratepayers when dealing with Insolvency for Council Tax and NNDR liabilities.

  • Councillor Joyce Plummer, Portfolio Holder for Resources, provided a report to seek Cabinet approval for the adoption of a new Council Tax and National Non Domestic Rates Insolvency Policy – replacing a previous version from 2012 Approval of the report was not a key decision.

  • The Judge considered that the provisions of the articles and the Insolvency Policy, giving the FL power to permit an insolvent member club to participate in its competitions on terms that other member clubs and other specified creditors are paid in full, is no more than the exercise by the member clubs through the FL of their right to refuse to participate further with the insolvent club save on these terms.

Related to Insolvency Policy

  • Insolvency Law means the Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments and similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Insolvency Proceeding means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any other state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangement, or other similar relief.

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

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.

  • Receivership means a proceeding in which a receiver is appointed.

  • Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • Act of Insolvency means any act as such as defined by the Presidency Towns Insolvency Act or in Provincial Insolvency act or any amending status.

  • EU Insolvency Regulation means Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast).

  • Insolvency Filing means that the Share Company (as defined in §4a of the Terms and Conditions) institutes or has instituted against it by a regulator, supervisor or any similar official with primary insolvency, rehabilitative or regulatory jurisdiction over it in the jurisdiction of its incorporation or organisation 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 (including a moratorium or a similar proceeding), 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 Company shall not be deemed an Insolvency Filing.