Insolvency or Liquidation Proceeding

Insolvency or Liquidation Proceeding. Shall mean: (a) any case commenced by or against the Corporation under any Bankruptcy Law, any other proceeding for the reorganization, recapitalization or adjustment or marshalling of the assets or liabilities of the Corporation, any receivership or assignment for the benefit of creditors relating to the Corporation or any similar case or proceeding relative to the Corporation, its creditors or its equity holders, as such, in each case whether or not voluntary; (b) any liquidation,... dissolution, marshalling of assets or liabilities or other winding up of or relating to the Corporation, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or (c) any other proceeding of any type or nature in which substantially all claims of creditors of or equity interests in the Corporation are determined and any payment or distribution is or may be made on account of such claims or interests. View More