NO BANKRUPTCY definition

NO BANKRUPTCY no bankruptcy or insolvency proceedings has been started or threatened or are pending against any of the Chargors; and
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Examples of NO BANKRUPTCY in a sentence

  • NO BANKRUPTCY PETITION; DISCLAIMER AND SUBORDINATION.....................................66 SECTION 11.11.

  • NO BANKRUPTCY PETITION; DISCLAIMER AND SUBORDINATION.....................................65 SECTION 11.11.

  • SECTION 6.01 NONCONSOLIDATION......................................................................10 SECTION 6.02 NO BANKRUPTCY PETITION AGAINST THE COMPANY............................................10 ARTICLE VII.

  • BECAUSE NO BANKRUPTCY CASE HAS YET BEEN COMMENCED, THIS DISCLOSURE STATEMENT HAS NOT YET BEEN APPROVED BY ANY COURT WITH RESPECT TO WHETHER IT CONTAINS ADEQUATE INFORMATION WITHIN THE MEANING OF SECTION 1125(a) OF THE BANKRUPTCY CODE.

  • NO BANKRUPTCY PROCEEDINGS AGAINST DESIGNATED BID LENDERS...........

  • NO BANKRUPTCY FILING................................................................

  • IT (AND EACH ENTITY EXECUTING THIS LEASE AS OR ON BEHALF OF IT) IS SOLVENT, AND NO BANKRUPTCY, REORGANIZATION, INSOLVENCY OR SIMILAR PROCEEDING UNDER ANY FEDERAL OR STATE LAW WITH RESPECT TO IT (AND EACH ENTITY EXECUTING THIS LEASE AS OR ON BEHALF OF IT) HAS BEEN INITIATED.

  • NO BANKRUPTCY PETITION; DISCLAIMER AND SUBORDINATION......................................66 SECTION 11.11.

  • SECTION 6.01 NONCONSOLIDATION..................................10 SECTION 6.02 NO BANKRUPTCY PETITION AGAINST THE COMPANY........10 ARTICLE VII.

  • NO BANKRUPTCY PETITION................................................16 SECTION 7.10.

Related to NO BANKRUPTCY

  • 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.

  • 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;

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

  • 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.

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