Insolvenzverwalter definition

Insolvenzverwalter. “vorläufigen Sachwalter” or “Sachwalter”, (v) Debtor Relief Laws includes the German Insolvency Code, (vi) a director or manager of a German entity includes any statutory legal representative (including any German law representative (organschaftlicher Vertreter)) of a person pursuant to the laws of its jurisdiction of incorporation, including but not limited to a person incorporated or established in Germany, any “Geschäftsführer” (vii) any abstract promise of debt or abstract acknowledgment of debt includes “abstraktes Schuldversprechen” under German law and (viii) a guarantee or surety includes, any guarantee (Garantie) or surety (Bürgschaft), any indemnity, any joint and several (gesamtschuldnersich) or independent obligation, abstract promise of debt or abstract acknowledgment of debt includes “unabhängiges” or “abstraktes” Schuldversprechen within the meaning of German Law.
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Insolvenzverwalter. “vorläufigen Sachwalter” or “Sachwalter”, (v) Debtor Relief Laws includes the German Insolvency Code, (vi) a "Responsible Officer" of a German entity means the German Law representative(s) (organschaftliche® Vertreter) in sufficient numbers, (vii) any abstract promise of debt or abstract acknowledgment of debt includes “abstraktes Schuldversprechen” under German Law, (viii) a guarantee or surety includes, any guarantee (Garantie) or surety (Bürgschaft), any indemnity, any joint and several (gesamtschuldnersich) or independent obligation, abstract promise of debt or abstract acknowledgment of debt includes “unabhängiges” or “abstraktes” Schuldversprechen within the meaning of German Law, (ix) a "Subsidiary" includes a subsidiary within the meaning of section 17 et seq. of the German Stock Corporation Act (Aktiengesetz), (x) merger includes any corporate measure contemplated by the German Transformation Act (Umwandlungsgesetz) as well as any other corporate act by which several entities are consolidated with the result of one entity becoming the universal legal successor (Gesamtrechtsnachfolger) of the other, (xi) the term "share" or "shares" includes partnership interests, and (xii) while the English language version shall prevail over any translation of this Agreement, where a German translation of a word or phrase appears in the text of this Agreement, the German meaning and the underlying German Law legal concept shall prevail.
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Insolvenzverwalter means an Insolvenzverwalter appointed under the German Insolvency Act.
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Examples of Insolvenzverwalter in a sentence

  • In addition, the restrictions set out in sub-paragraph (i) above in relation to a Liquidity Impairment shall cease to apply, if, at the time a claim under the German Guarantee is made, a preliminary insolvency administrator (vorläufiger Insolvenzverwalter) or an insolvency administrator (Insolvenzverwalter) has been appointed over the assets of the German Guarantor.

  • Neben den anderen Lydall verfügbaren Rechtsbehelfen kann Lydall jeden nicht erfüllten Teil eines Vertrags ohne weitere Haftung durch schriftliche Mitteilung kündigen, wenn der ▇▇▇▇▇▇ eine fällige Zahlung verabsäumt oder zahlungsunfähig wird, eine Abtretung zugunsten von Gläubigern vornimmt, für den ▇▇▇▇▇▇ ein Insolvenzverwalter bestellt wird oder der ▇▇▇▇▇▇ zur Gänze oder zum Teil übernommen oder veräußert wird.

  • Pursuant to decisions of the BGH such deemed approval shall also be binding on the preliminary insolvency administrator with reservation of consent (vorläufiger schwacher Insolvenzverwalter).

  • If the netting of the loss compensation obligation should be held to be invalid for whatever reason, the Purchaser shall not raise any claims (other than claims under § 12.1.1) based on the loss compensation obligation for the fiscal year 2008 against Seller 1, and shall further procure that no such claims are raised by ▇▇▇▇▇▇▇ or any other third party, including without limitation, any insolvency administrator (Insolvenzverwalter) or preliminary insolvency administrator (vorläufiger Insolvenzverwalter).

  • Pursuant to decisions of the Federal Supreme Court of Germany (Bundesgerichtshof – "BGH"), both the preliminary and the final insolvency administrator (vorläufiger und endgültiger Insolvenzverwalter) have the right to object to such direct debits for a period of six weeks upon receipt (Zugang) of the last balance of accounts (Rechnungsabschluss) in order to preserve the Lessee's assets for the insolvency estate.

  • If the Servicer becomes Insolvent and the insolvency administrator (Insolvenzverwalter) of the Servicer would not continue to render the Lease Services, this could create a termination right with respect to a Lease Agreement for the relevant Lessee (see "Risk Factors – Category 3: Risks relating to the Purchased Receivables – Lease Services Component and Termination Rights of Lessees").

  • Frege Title: Insolvency Administrator (Insolvenzverwalter) ▇▇▇▇▇▇ ▇▇▇, INC., a Delaware corporation ▇▇▇▇▇▇ COMMERCIAL PAPER INC., a New York corporation, as Debtor and Debtor in Possession in its chapter 11 case in the United States Bankruptcy Court for the Southern District of New York, Case No. 08- By: /s/ ▇▇▇▇▇▇ ▇.

  • Any declaration or statement of the LB Capital InsAdmin shall only be made in her capacity and function as LB Capital InsAdmin as Insolvency Administrator (Insolvenzverwalter) of LB Capital, and shall in no circumstance be construed as being a declaration or statement of the LB Capital InsAdmin on her own and personal behalf.

  • Accordingly, this Agreement has been signed by ▇▇▇▇▇'▇ insolvency trustee ("Insolvenzverwalter") and is binding on ▇▇▇▇▇.