Bankruptcy Event

Example Definitions of "Bankruptcy Event"
Bankruptcy Event. Means any of the following events: (a) the Company or any Subsidiary thereof commences a case or other proceeding under any bankruptcy, reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the Company or any Subsidiary thereof; (b) there is commenced against the Company or any Subsidiary thereof any such case or proceeding ... that is not dismissed within 60 days after commencement; (c) the Company or any Subsidiary thereof is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered; (d) the Company or any Subsidiary thereof suffers any appointment of any custodian or the like for it or any substantial part of its property that is not discharged or stayed within 60 days; (e) the Company or any Subsidiary thereof makes a general assignment for the benefit of creditors; (f) the Company or any Subsidiary thereof fails to pay, or states that it is unable to pay or is unable to pay, its debts generally as they become due; (g) the Company or any Subsidiary thereof calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts; or (h) the Company or any Subsidiary thereof, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence in any of the foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing. View More Arrow
Found in OneTravel Holdings, Inc. contract
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Bankruptcy Event. Means any Any of the following events: (a) the Company or any Subsidiary thereof commences a case or other proceeding under any bankruptcy, reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the Company or any Subsidiary thereof; thereof, (b) there is commenced against the Company or any Subsidiary thereof any such case or proceeding that is not dismissed within 60 45 days after commencement; commencement, (c) the Company or any Subsidiary thereof is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered; entered, (d) the Company or any Subsidiary thereof suffers any appointment of any custodian custodian, receiver, trustee or the like for it or any substantial part of its property that is not discharged or stayed within 60 days; 45 calendar days after such appointment, (e) the Company or any Subsidiary thereof makes a general assignment for the benefit of creditors; creditors, (f) the Company or any Subsidiary thereof fails to pay, or states that it is unable to pay or is unable to pay, its debts generally as they become due; (g) the Company or any Subsidiary thereof calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts; debts, (g) the Company or any Subsidiary thereof admits in writing that it is generally unable to pay its debts as they become due, or (h) the Company or any Subsidiary thereof, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence in any of the foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing. View More Arrow
Found in Tenon Medical, Inc. contract
Bankruptcy Event. Means any of the following events: (a) the Company Corporation or any a Subsidiary thereof of the Corporation commences a case or other proceeding under any bankruptcy, reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the Company Corporation or any Subsidiary thereof; (b) there is commenced against the Company Corporation or any Subsidiary thereof any such case or proceeding that is not... dismissed within 60 days after commencement; (c) the Company Corporation or any Subsidiary thereof is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered; (d) the Company Corporation or any Subsidiary thereof suffers any appointment of any custodian or the like for it or any substantial part of its property that is not discharged or stayed within 60 days; (e) the Company Corporation or any Subsidiary thereof makes a general assignment for the benefit of creditors; (f) the Company Corporation or any Subsidiary thereof fails to pay, or states that it is unable to pay or is unable to pay, its debts generally as they become due; (g) the Company Corporation or any Subsidiary thereof calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts; or (h) the Company Corporation or any Subsidiary thereof, Subsidiary, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence in any of the foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing. View More Arrow
Found in Stream Global Services, Inc. contract
Bankruptcy Event. Means any of the following events: (a) the Company Corporation or any a Subsidiary thereof of the Corporation commences a case or other proceeding under any bankruptcy, reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the Company Corporation or any Subsidiary thereof; (b) there is commenced against the Company Corporation or any Subsidiary thereof any such case or proceeding that is not... dismissed within 60 days after commencement; (c) the Company Corporation or any Subsidiary thereof is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered; (d) the Company Corporation or any Subsidiary thereof suffers any appointment of any custodian or the like for it or any substantial part of its property that is not discharged or stayed within 60 days; (e) the Company Corporation or any Subsidiary thereof makes a general assignment for the benefit of creditors; (f) the Company Corporation or any Subsidiary thereof fails to pay, or states that it is unable to pay or is unable to pay, its debts generally as they become due; (g) the Company Corporation or any Subsidiary thereof calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts; or (h) the Company Corporation or any Subsidiary thereof, Subsidiary, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence in any of the foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing. View More Arrow
Found in Stream Global Services, Inc. contract
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Bankruptcy Event. Means any of the following events: (a) the Corporation or any Significant Subsidiary commences a case or other proceeding under any bankruptcy, reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the Corporation or any Significant Subsidiary thereof; (b) there is commenced against the Corporation or any Significant Subsidiary any such case or proceeding that is not dismissed within 60 days... after commencement; (c) the Corporation or any Significant Subsidiary is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered; (d) the Corporation or any Significant Subsidiary suffers any appointment of any custodian or the like for it or any material part of its property that is not discharged or stayed within 60 days; (e) the Corporation or any Significant Subsidiary makes a general assignment for the benefit of creditors; (f) the Corporation or any Subsidiary fails to pay, or states in writing that it is unable to pay or is unable to pay, any Indebtedness in an amount exceeding $500,000 generally as any such Indebtedness becomes due, which is not cured within the greater of (x) the time permitted by the agreements governing such Indebtedness, or (y) 30 days, other than pursuant to a good faith dispute relating to such Indebtedness; or (g) the Corporation or any Significant Subsidiary, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence in any of the foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing. View More Arrow
Found in Steel Connect, Inc. contract
Bankruptcy Event. Means any Any of the following events: (a) the Corporation or any Significant a Subsidiary of the Corporation commences a case or other proceeding under any bankruptcy, reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction relating to the Corporation or any Significant Subsidiary thereof; (b) there is commenced against the Corporation or any Significant Subsidiary any such case or proceeding that is not... dismissed within 60 sixty (60) days after commencement; (c) the Corporation or any Significant Subsidiary is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered; (d) the Corporation or any Significant Subsidiary suffers any appointment of any custodian or the like for it or any material substantial part of its property that is not discharged or stayed within 60 sixty (60) days; (e) the Corporation or any Significant Subsidiary makes a general assignment for the benefit of creditors; (f) the Corporation or any Subsidiary fails to pay, or states in writing that it is unable to pay or is unable to pay, any Indebtedness in an amount exceeding $500,000 its debts generally as any such Indebtedness becomes due, which is not cured within the greater of (x) the time permitted by the agreements governing such Indebtedness, or (y) 30 days, other than pursuant to a good faith dispute relating to such Indebtedness; or they become due; (g) the Corporation or any Significant Subsidiary calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts; or (h) the Corporation or any Subsidiary, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence in any of the foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing. foregoing View More Arrow
Found in Diffusion Pharmaceuticals Inc. contract
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Bankruptcy Event. Means any one or more of the following: (a)the commencement, filing or continuation of a voluntary case or proceeding under one or more of the Insolvency Laws by Borrower or any Guarantor; (b)the acknowledgment in writing by Borrower or any Guarantor (other than to Lender in connection with a workout) that it is unable to pay its debts generally as they mature; (c)the making of a general assignment for the benefit of creditors by Borrower or any Guarantor; (d)the... commencement, filing or continuation of an involuntary case or proceeding under one or more Insolvency Laws against Borrower or any Guarantor; or 2 (e)the appointment of a receiver, liquidator, custodian, sequestrator, trustee or other similar officer who exercises control over Borrower or any Guarantor, or any substantial part of the assets of Borrower or any Guarantor; provided, however, that any proceeding or case under (d) or (e), above, shall not be a Bankruptcy Event until the ninetieth (90th) day after the filing thereof (if not earlier dismissed) so long as such proceeding or case occurred without the consent, encouragement or active participation of Borrower, any Guarantor, Key Principal, Principal or any Borrower Affiliate (in which event such case or proceeding shall be a Bankruptcy Event immediately). View More Arrow
Found in IMMUCELL CORP contract
Bankruptcy Event. Means, with respect to a Party, where such Party or its Affiliates (i) files a petition in bankruptcy or a petition to take advantage of any insolvency act with respect to such Party or the commencement of a bankruptcy or similar proceeding by such Party; (ii) the failure by such Party within sixty (60) days to dismiss an involuntary bankruptcy petition or other commencement of a bankruptcy, reorganization or similar proceeding against such Party, or to lift or stay any execution, garnishment... or attachment of such consequence as will impair its ability to carry on its obligations under this Agreement; (iii) such Party files a petition or answer seeking reorganization or arrangement under the Federal bankruptcy laws or any other applicable law or statute of the United States of America or any state thereof; (iv) any assignment by such Party for the benefit of its creditors; (v) such Party admits in writing its inability to pay its debts generally as they become due; or (vi) the approval by a court of competent jurisdiction of a petition applicable to such Party in any proceeding for its reorganization instituted under the provisions of any state or federal bankruptcy, insolvency, or similar laws. 2 View More Arrow
Found in HYB Holding Corp. contract
Bankruptcy Event. Means any of the following events: (i) a Maker or any subsidiary thereof commences a case or other proceeding under any bankruptcy, reorganization, arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar Law of any jurisdiction relating to a Maker or any subsidiary thereof; (ii) there is commenced against a Maker or any subsidiary thereof any such case or proceeding that is not dismissed within sixty (60) days ... after commencement; (iii) a Maker or any subsidiary thereof is adjudicated insolvent or bankrupt or any order of relief or other order approving any such case or proceeding is entered; (iv) a Maker or any subsidiary thereof suffers any appointment of any custodian or the like for it or any substantial part of its property that is not discharged or stayed within sixty (60) days after such appointment; (v) a Maker or any subsidiary thereof makes a general assignment for the benefit of creditors; (vi) a Maker or any subsidiary thereof calls a meeting of its creditors with a view to arranging a composition, adjustment or restructuring of its debts; or (vii) a Maker or any subsidiary thereof, by any act or failure to act, expressly indicates its consent to, approval of or acquiescence in any of the foregoing or takes any corporate or other action for the purpose of effecting any of the foregoing. 1 View More Arrow
Found in Unified Signal, Inc. contract
Bankruptcy Event. Means, with respect to Acacia, any of the following unless the same is dismissed, voided, nullified or discharged within ninety (90) days of commencement appointment or entry: (a) the filing of an application by Acacia for, or Acacia's consent to, the appointment of a trustee, receiver, or custodian of Acacia's assets; (b) the entry of an order for relief with respect to Acacia in proceedings under the United States Bankruptcy Code, as amended or superseded from time to time; (c) the making by... Acacia of a general assignment for the benefit of creditors; (d) the entry of an order, judgment, or decree by any court of competent jurisdiction appointing a trustee, receiver, or custodian of the assets of Acacia; or (e) the commencement of any proceedings seeking liquidation, reorganization or other relief with respect to Acacia under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced. 1 1.5 View More Arrow
Found in ACACIA RESEARCH CORP contract
Bankruptcy Event. Shall mean any of the following: (A) a proceeding under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt or receivership law or statute shall be filed or consented to by Grantor or Customer; or (B) any such proceeding shall be filed against Grantor or Customer and shall not be dismissed or withdrawn within sixty (60) days after filing; or (C) Grantor or Customer shall make a general assignment for the benefit of creditors; or (D) Grantor or Customer shall generally... fail to pay or admit in writing its inability to pay its debts as they become due; or (E) Grantor or Customer shall be adjudicated a bankrupt or insolvent. View More Arrow
Found in DND TECHNOLOGIES INC contract
Bankruptcy Event. Means an event or circumstance with respect to a Party whereby such Party (i) ceases conducting its business in the normal course, (ii) makes a general assignment for the benefit of its creditors, (iii) petitions, applies for, suffers or permits, with or without its consent, the appointment of a custodian, receiver, trustee in bankruptcy or similar officer for all or any substantial part of its business or assets or (iv) avails itself or becomes subject to any proceeding under the U.S.... Bankruptcy Code or any similar state, federal or foreign statute relating to bankruptcy, insolvency, reorganization, receivership, arrangement, adjustment of debts, dissolution or liquidation, which proceeding is not dismissed within sixty (60) days of commencement thereof. View More Arrow
Found in Diadexus, Inc. contract
Bankruptcy Event. Means, with respect to any Person: (1) the commencement by such Person of a voluntary case or other proceeding seeking relief under the Bankruptcy Code or liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect, or the application by such Person for, or consent by such Person to, the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial... part of its property; (2) the consent by 2 such Person to, or the failure by such Person to controvert in a timely manner, any such relief or the appointment of or taking possession by any such official in any voluntary case or other proceeding commenced against it; (3) the filing by such Person of an answer admitting the material allegations of a petition filed against it in any such proceeding; or (4) the commencement of an involuntary case or other proceeding against such Person seeking (a) liquidation, reorganization or other relief with respect to such Person or its debts under the Bankruptcy Code or any bankruptcy, insolvency or other similar law now or hereafter in effect, (b) the appointment of a trustee, receiver, liquidator, custodian or other similar official with respect to it or any substantial part of its property or (c) the winding-up or liquidation of such Person. View More Arrow
Found in PPL MONTANA LLC contract
Bankruptcy Event. Has the meaning given to such term in the SEPSA.
Found in DYNEGY ILLINOIS INC. contract
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