Involuntary Assignment definition

Involuntary Assignment means an assignment to a Lineholder on an off day pursuant to the language specified in Scheduling, Section 10.I and the Priority of Trip Assignment language specified in Reserve Duty, Section 12.M.

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Involuntary Assignment means an assignment to a Lineholder on an off day pursuant to the language specified in Scheduling, Section 10.I and the Priority of Trip Assignment language specified in Reserve Duty, Section 12.O.

Involuntary Assignment means any transfer of interest of Tenant in the Lease by operation of law (including, without limitation, the transfer of this Lease by testacy or intestacy, or in any (a) If Tenant is or becomes bankrupt or insolvent, makes an assignment for the benefit of creditors, or institutes a proceeding under any bankruptcy law in which Tenant is the bankrupt; or, if Tenant is a partnership or consists of more than one (1) person or entity, if any partner of the partnership or other such person or entity is or becomes bankrupt or insolvent, or makes an assignment for the benefit of creditors; (b) if a writ of attachment or execution is levied on this Lease; (c) if, in any proceeding or action to which Tenant is a party, a receiver is appointed with authority to take possession of the Premises; or (d) there is any assumption, assignment, sublease or other transfer under or pursuant to the Bankruptcy Code.

Examples of Involuntary Assignment in a sentence

• An Involuntary Assignment shall constitute a default by Tenant and Landlord shall have the right to elect to terminate this Lease, in which case this Lease shall not be treated as an asset of Tenant.

• Tenant is prohibited from (a) Assigning this Lease or Subletting the Premises to a governmental agency or instrumentality thereof and/or (b) mortgaging, pledging or encumbering this Lease or Tenant’s interest in the Premises to any entity and/or (c) making any Involuntary Assignment.

• Involuntary Assignment When Crew Scheduling involuntarily assign a Pilot to Duty on a Day Off, or additional Duty to an Assignment that is being performed by a Pilot.

• The Involuntary Assignment of a Pilot to a flight(s) on his Day(s) off, outside of normal extension procedures, as provided in this Agreement.

• An Involuntary Assignment that is not dismissed within sixty (60) days shall constitute a default by Licensee and Licensor shall have the right to elect to terminate this Agreement if same is not dismissed within sixty (60) days, in which case this Agreement shall not be treated as an asset of Licensee.

• An Employee subject to an Involuntary Transfer or Involuntary Assignment Change may submit a written request for a meeting with the Superintendent or Superintendent’s designee to discuss the reasons for the change.

• An Involuntary Assignment that is not dismissed within sixty (60) days shall constitute a default by Tenant and Landlord shall have the right to elect to terminate this Agreement if same is not dismissed within sixty (60) days, in which case this Agreement shall not be treated as an asset of Tenant.

• If satisfied as to its duty to register the purported Transfer or Involuntary Assignment, the General Partner shall cause the Transfer or Involuntary Assignment to be registered in the register maintained by the Partnership.

• Tenant is prohibited from (i) mortgaging, pledging or encumbering this Lease or Tenant’s interest in the Premises to any entity, (ii) making any Involuntary Assignment, (iii) assigning this Lease, or (iv) subletting or licensing all or any portion of the Premises, except that Tenant may assign this Lease or sublet or license all or any portion of the Premises upon the prior written consent of Landlord, which consent may be withheld in Landlord’s sole discretion.

• Section 7.2 Involuntary Assignment of Partnership Interests..........................................

More Definitions of Involuntary Assignment

Involuntary Assignment means any transfer of interest of Tenant in the Lease by operation of law (including, without limitation, the transfer of this Lease by testacy or intestacy, or in any bankruptcy or insolvency proceeding) and each of the following acts shall be considered an Involuntary Assignment: (a) If Tenant is or becomes bankrupt or insolvent, makes an assignment for the benefit of creditors, or institutes a proceeding under any bankruptcy law in which Tenant is the bankrupt; or, if Tenant is a partnership or consists of more than one (1) person or entity, if any partner of the partnership or other such person or entity is or becomes bankrupt or insolvent, or makes an assignment for the benefit of creditors; (b) if a writ of attachment or execution is levied on this Lease; (c) if, in any proceeding or action to which Tenant is a party, a receiver is appointed with authority to take possession of the Premises; or (d) there is any assumption, assignment, sublease or other transfer under or pursuant to the Bankruptcy Code.

Involuntary Assignment means an involuntary assignment of all or any part of a Partner's Interest upon, or as a result of, the death, dissolution, liquidation, bankruptcy, or insolvency of such Partner or required by law and for which provision with respect to such assignment is not otherwise made herein.