UK Insolvency Act 1986 definition

UK Insolvency Act 1986 means the United Kingdom Insolvency Act 1986 (as in force at the date of adoption of these Articles);
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Examples of UK Insolvency Act 1986 in a sentence

  • In relation to Mission UK Group: (i) no administrator has been appointed; (ii) no documents have been filed with the court for the appointment of an administrator; and (iii) no notice of an intention to appoint an administrator has been given by the relevant company, its directors or by a qualifying floating charge holder (as defined in paragraph 14 of Schedule 1B to the UK Insolvency Act 1986).

  • In relation to such Seller, (i) no liquidator, administrator, administrative receiver or other receiver has been appointed, (ii) no documents have been filed with the court for the appointment of an administrator, a receiver or a liquidator, and (iii) no notice of an intention to appoint an administrator has been given by such Seller, any of its directors or by any Encumbrance holder (including a qualifying floating charge holder (as defined in paragraph 14 of schedule B1 of the UK Insolvency Act 1986)).

  • For the purposes of this section, “connected” and “associate” are to be interpreted in accordance with sections 249 and 435 respectively of the U.K. Insolvency Act 1986.

  • After giving effect to the execution and delivery of this Guarantee Agreement and the transactions contemplated hereby, the Guarantor will not be unable to pay its debts (within the meaning of Section 123(1)(e) of the UK Insolvency Act 1986).

  • We have obtained several orders under Section 127 of the UK Insolvency Act 1986, to enable us to continue to make certain payments without the risk of those payments subsequently being declared void as a result of the granting of a winding-up order.

  • Each UK Group Member (other than any Immaterial Subsidiary) is not unable to pay its debts (including trade debts) within the meaning of the UK Insolvency Act 1986 and has not stopped paying its debts as they fall due and the value of its assets is not less than the value of its liabilities (taking into account its contingent and prospective liabilities).

  • We have obtained several orders under Section 127 of the UK Insolvency Act 1986, to enable us to continue to make certain payments without the risk of those payments subsequently being declared void as a result of the presentation of the winding-up petition.