Involuntary Case definition

Involuntary Case shall have the meaning set forth in Section 2.1(c) hereof.
View Source
Involuntary Case shall have the meaning specified in Article VI of the Receivables Purchase Agreement.
View Source
Involuntary Case. Any Proceeding provided for any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to any Person or relating to all or substantially all of its property.
View Source

Examples of Involuntary Case in a sentence

  • Notwithstanding anything contained in Section 6.02(b), if an Involuntary Case has not been dismissed by the first Business Day following the 60 day period beginning on the day on which notice of an Involuntary Case was received by either party, whether or not an Order was obtained, the Purchaser shall not thereafter purchase Receivables from GMAC hereunder and GMAC shall not thereafter designate Additional Accounts for transfer to the Purchaser or sell Receivables hereunder.

  • The Seller shall give prompt written notice to each of the Buyer and the Trustee immediately upon becoming a party to an Involuntary Case.

  • If by the first Business Day after the 60-day period after such involuntary filing, such Involuntary Case has not been dismissed, the Buyer shall not purchase thereafter Receivables or designated Additional Accounts for transfer to the Issuer.

  • If by the first Business Day after the 60-day period after such involuntary filing, such Involuntary Case has not been dismissed, the Buyer shall not purchase thereafter Receivables or designated Additional Accounts for transfer to the Trust.

  • Each Seller shall give prompt written notice to each of the Buyer and the Trustee immediately upon becoming a party to an Involuntary Case.

  • Notwithstanding anything contained in Section 6.02(b), if an Involuntary Case has not been dismissed by the first Business Day following the 60 day period beginning on the day on which notice of an Involuntary Case was received by either party, whether or not an Order was obtained, the Purchaser shall not thereafter purchase Receivables from the Original Seller hereunder and the Original Seller shall not thereafter designate Additional Accounts for transfer to the Purchaser or sell Receivables hereunder.

  • Notwithstanding anything contained in Section 6.02(b), if an Involuntary Case has not been dismissed by the first Business Day following the 60 day period beginning on the day on which notice of an Involuntary Case was received by either party, whether or not an Order was obtained, the Purchaser shall not thereafter purchase Receivables from the Seller hereunder and the Seller shall not thereafter designate Additional Accounts for transfer to the Purchaser or sell Receivables hereunder.

  • The Purchaser shall suspend the purchase (and the Seller shall suspend the sale) of Receivables hereunder if either party shall receive notice at its principal corporate office that the Seller has become an involuntary party to (or has been made the subject of) any proceeding provided for by any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to the Seller or relating to all or substantially all of its property (an "Involuntary Case").

  • VCI shall give prompt written notice to each of VDF, the Owner Trustee and the Indenture Trustee immediately upon becoming a party to an Involuntary Case.

  • The Purchaser shall suspend the purchase (and GMAC shall suspend the sale) of Receivables hereunder if either party shall receive notice at its principal corporate office that GMAC has become an involuntary party to (or has been made the subject of) any proceeding provided for by any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings of or relating to GMAC or relating to all or substantially all of its property (an "Involuntary Case").


More Definitions of Involuntary Case

Involuntary Case means the involuntary case fashioned In re Caesars Entertainment Operating Company, Inc., Chapter 11 Case No. 15-10047 (KG) (Bankr D. Del.), which was, upon transfer to the Illinois Bankruptcy Court, appointed Case No. 15-3193 (ABG), where it is now pending.
View Source
Involuntary Case. Any Proceeding provided for any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to any Person or relating to all or substantially all of its property. Issuer: The party named as such in the Pooling and Servicing Agreement, the Trust Sale and Servicing Agreement and the Indenture until a successor replaces it and, thereafter, the successor and, for purposes of any provision contained herein and required by the TIA, each other obligor on the Notes.
View Source
Involuntary Case shall have the meaning set forth in Section 2.1(c) hereof. "Opinion of Counsel" shall mean a written opinion of counsel acceptable to the Buyer and the Seller, which counsel may be an employee of the Seller. "Pooling and Servicing Agreement" shall mean the Amended and Restated Pooling and Servicing Agreement, dated as of July 30, 1998, as amended from time to time, by and among the Bank, as Servicer, MRI, as Transferor, and the Trustee. "Purchase Price" shall have the meaning set forth in Section 3.1 hereof. "Receivable" shall mean all of the indebtedness of any Obligor under an Account, including the right to receive payment of any interest or finance charges and other obligations of such Obligors with respect thereto. Each Receivable includes, without limitation, all rights of the Seller under the applicable Contract. "Sale Papers" shall have the meaning set forth in Section 4.1(a) hereof. "Secured Obligations" shall have the meaning set forth in Section 2.1(f) hereof.
View Source

Related to Involuntary Case

  • Involuntary Bankruptcy means, with respect to any Person, without the consent or acquiescence of such Person, the entering of an order for relief or approving a petition for relief or reorganization or any other petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or other similar relief under any present or future bankruptcy, insolvency or similar statute, law or regulation or the filing of any such petition against such Person which order or petition shall not be dismissed within 90 days or, without the consent or acquiescence of such Person, the entering of an order appointing a trustee, custodian, receiver or liquidator of such Person or of all or any substantial part of the property of such Person which order shall not be dismissed within 90 days.

  • Involuntary Refunds means a refund of an unused ticket or portion thereof or an unused miscellaneous charges order required as a result of the carrier cancelling a flight, failing to operate a flight according to schedule, failing to stop at a point to which the passenger is destined or is ticketed to stop over, or causing the passenger to miss a connecting flight, being unable to provide previously confirmed space, substituting a different type of equipment or class of service or where, because of safety or legal requirements or the condition or conduct of the passenger, carriage is refused.

  • Voluntary Bankruptcy has the meaning set forth in the definition of “Bankruptcy.”

  • Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the following events:

  • 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;