Solvency Event a bankruptcy, reorganization, insolvency, or similar proceeding not dismissed within thirty (30) days; dissolution; becoming insolvent or bankrupt; or the making of an assignment for the benefit of creditors. 8X8 VIRTUAL OFFICE AND VIRTUAL CONTACT CENTER REGIONAL TERMS
Solvency Event a bankruptcy, reorganization, insolvency, or similar proceeding not dismissed within thirty (30) days; dissolution; becoming insolvent or bankrupt; or the making of an assignment for the benefit of creditors. 8x8 Virtual Office and Virtual Contact Center Regional Terms
Solvency Event shall have occurred if:
Examples of Solvency Event in a sentence
Termination: termination by 8x8 as a result of a Solvency Event will not be applicable to any French Customer receiving Services in France.
Termination: termination by 8x8 as a result of a Solvency Event will not be applicable to any Finnish Customer receiving Services in Finland.
Termination: termination by 8x8 as a result of a Solvency Event will not be applicable to any Spanish Customer receiving Services in Spain.
More Definitions of Solvency Event
Solvency Event means the threat of imminent voluntary or involuntary bankruptcy filing of the Entity that results in the publication or broadcast of information which can reasonably be expected to damage the Entity’s reputation.
Solvency Event means that the following have occurred as at a date prior to December 31, 2015:
Solvency Event a Party is unable to pay its debts within the meaning of Section 123 of the Insolvency Act 1986; a Party becomes the subject of a company voluntary arrangement; a Party has a receiver, manager, administrator or administrative receiver appointed over all or any part of its undertaking, assets or income; a Party has a resolution passed for its winding up, or a petition presented to any court for its winding up or an application is made for an administration order, or any winding-up or administration order is made against it; a Party has a freezing order made against it; or where a Party is subject to any events or circumstances analogous to the foregoing in any jurisdiction.
Solvency Event means the occurrence of one or more of the following events:
Solvency Event means, with respect to any Person that is a party to any Farmout Agreement or Participation Agreement (other than the Borrower or any Restricted Subsidiary), the occurrence of any event or circumstance involving, with respect to or attributable to such Person which is similar to any event or circumstance described in Section 8.01(f) of this Agreement.
Solvency Event means a Party (i) ceases or fails to be Solvent, and ceases to perform under the Agreement or a Work Order in the absence of a good faith dispute regarding a Party’s obligation to perform or other right to do so specified in the Agreement or Work Order or (ii) voluntarily or involuntarily ceases to conduct its business.
Solvency Event. ’ means that the solvency margin, on a consolidated or non-consolidated basis (as applicable), has fallen below the Required Solvency Margin;