Insolvency Proceeding definition: Copy, customize, and use instantly
Introduction
The term "Insolvency Proceeding" refers to a legal process initiated when an individual or entity is unable to pay its debts as they become due. These proceedings aim to resolve financial distress through liquidation, restructuring, or other legal remedies, often overseen by a court or regulatory authority. Insolvency proceedings are critical in managing creditor claims, protecting debtor rights, and ensuring equitable treatment of stakeholders.
Below are various examples of how "Insolvency Proceeding" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Insolvency Proceeding" in loan agreements
This definition ties "Insolvency Proceeding" to borrower defaults.
"Insolvency Proceeding" means any voluntary or involuntary bankruptcy, insolvency, receivership, reorganization, or similar proceeding under applicable law initiated by or against the borrower.
Definition of "Insolvency Proceeding" in corporate restructuring agreements
This definition connects "Insolvency Proceeding" to organizational recovery.
"Insolvency Proceeding" refers to any legal or administrative process initiated to restructure the debts and obligations of an entity unable to meet its financial commitments.
Definition of "Insolvency Proceeding" in intercreditor agreements
This definition links "Insolvency Proceeding" to creditor rights.
"Insolvency Proceeding" includes any bankruptcy, liquidation, or similar process where creditors’ claims are adjudicated or resolved under applicable insolvency laws.
Definition of "Insolvency Proceeding" in cross-border agreements
This definition applies "Insolvency Proceeding" to international jurisdictions.
"Insolvency Proceeding" means any legal process under applicable domestic or foreign laws addressing the financial distress or insolvency of a party, including recognition of foreign proceedings.
Definition of "Insolvency Proceeding" in secured transaction agreements
This definition ties "Insolvency Proceeding" to creditor protections.
"Insolvency Proceeding" means any legal or administrative process involving the liquidation, reorganization, or resolution of a debtor’s secured obligations under applicable insolvency laws.
Definition of "Insolvency Proceeding" in merger and acquisition agreements
This definition connects "Insolvency Proceeding" to distressed asset transactions.
"Insolvency Proceeding" refers to any bankruptcy, receivership, or similar legal process impacting the target entity or its assets during or after the transaction.
Definition of "Insolvency Proceeding" in lease agreements
This definition links "Insolvency Proceeding" to lessee defaults.
"Insolvency Proceeding" includes any legal process initiated to address the insolvency or financial restructuring of the lessee under applicable law.
Definition of "Insolvency Proceeding" in bond issuance agreements
This definition ties "Insolvency Proceeding" to bondholder rights.
"Insolvency Proceeding" means any bankruptcy, administration, or similar process affecting the issuer’s ability to meet its obligations under the bonds.
Definition of "Insolvency Proceeding" in employment agreements
This definition connects "Insolvency Proceeding" to employee rights.
"Insolvency Proceeding" refers to any legal process initiated due to the employer’s financial distress, impacting employee entitlements under applicable labor laws.
Definition of "Insolvency Proceeding" in cross-border financing agreements
This definition links "Insolvency Proceeding" to multi-jurisdictional actions.
"Insolvency Proceeding" includes any legal or administrative process initiated in any jurisdiction to address the insolvency or financial restructuring of a party to this agreement.
Definition of "Insolvency Proceeding" in intercreditor arrangements
This definition ties "Insolvency Proceeding" to priority disputes.
"Insolvency Proceeding" means any process, including bankruptcy, liquidation, or reorganization, where the priorities and claims of creditors are determined under applicable laws.
Definition of "Insolvency Proceeding" in project finance agreements
This definition connects "Insolvency Proceeding" to project-related financial distress.
"Insolvency Proceeding" refers to any legal process initiated due to the insolvency of a project company or sponsor, impacting the financing arrangement under this agreement.
Definition of "Insolvency Proceeding" in technology licensing agreements
This definition links "Insolvency Proceeding" to intellectual property protections.
"Insolvency Proceeding" includes any bankruptcy, receivership, or similar process affecting the licensor or licensee, potentially impacting the licensed intellectual property.
Definition of "Insolvency Proceeding" in vendor agreements
This definition ties "Insolvency Proceeding" to supplier obligations.
"Insolvency Proceeding" means any legal or administrative action initiated due to the financial distress of a vendor, impacting their ability to fulfill obligations under this agreement.
Definition of "Insolvency Proceeding" in sovereign debt agreements
This definition connects "Insolvency Proceeding" to government defaults.
"Insolvency Proceeding" refers to any process initiated under applicable laws to address the financial insolvency or restructuring of a sovereign entity.
Definition of "Insolvency Proceeding" in renewable energy project agreements
This definition links "Insolvency Proceeding" to project stakeholder insolvency.
"Insolvency Proceeding" means any legal or administrative process initiated to address the financial distress of any party involved in the renewable energy project.
Definition of "Insolvency Proceeding" in real estate financing agreements
This definition ties "Insolvency Proceeding" to property-related defaults.
"Insolvency Proceeding" includes any process initiated to address the insolvency of a borrower or property owner, impacting the secured financing arrangement.
Definition of "Insolvency Proceeding" in financial institution agreements
This definition connects "Insolvency Proceeding" to bank resolutions.
"Insolvency Proceeding" refers to any process initiated under applicable laws to address the insolvency, resolution, or liquidation of a financial institution.
Definition of "Insolvency Proceeding" in intellectual property agreements
This definition links "Insolvency Proceeding" to IP holder insolvency.
"Insolvency Proceeding" means any bankruptcy, receivership, or similar legal process affecting the intellectual property owner or licensor under this agreement.
Definition of "Insolvency Proceeding" in private equity agreements
This definition ties "Insolvency Proceeding" to portfolio company financial distress.
"Insolvency Proceeding" includes any legal or administrative process initiated due to the insolvency of a portfolio company under this agreement.
Definition of "Insolvency Proceeding" in shipping agreements
This definition connects "Insolvency Proceeding" to maritime defaults.
"Insolvency Proceeding" refers to any process addressing the insolvency of a shipping company or vessel owner, impacting obligations under this agreement.
Definition of "Insolvency Proceeding" in secured loan agreements
This definition links "Insolvency Proceeding" to borrower defaults.
"Insolvency Proceeding" means any bankruptcy, receivership, or liquidation process affecting the borrower’s ability to meet obligations under the loan agreement.
Definition of "Insolvency Proceeding" in corporate governance policies
This definition ties "Insolvency Proceeding" to board oversight.
"Insolvency Proceeding" includes any process initiated to manage the financial distress or restructuring of the corporation, overseen by the board of directors.
Definition of "Insolvency Proceeding" in anti-corruption compliance agreements
This definition connects "Insolvency Proceeding" to regulatory enforcement.
"Insolvency Proceeding" refers to any legal or administrative process initiated due to financial distress resulting from regulatory penalties or fines under anti-corruption laws.
Definition of "Insolvency Proceeding" in bondholder agreements
This definition ties "Insolvency Proceeding" to debt instrument defaults.
"Insolvency Proceeding" means any legal or administrative process initiated to address the insolvency of the issuer or guarantor of bonds issued under this agreement.
Definition of "Insolvency Proceeding" in intercompany loan agreements
This definition connects "Insolvency Proceeding" to group-level financing.
"Insolvency Proceeding" refers to any legal process initiated to resolve the financial distress of a borrower or guarantor within the corporate group under this agreement.
Definition of "Insolvency Proceeding" in equity investment agreements
This definition links "Insolvency Proceeding" to shareholder protections.
"Insolvency Proceeding" includes any bankruptcy, receivership, or restructuring process affecting the investee company under this agreement.
Definition of "Insolvency Proceeding" in distressed asset sale agreements
This definition ties "Insolvency Proceeding" to asset recovery.
"Insolvency Proceeding" means any process initiated under applicable insolvency laws to facilitate the sale or recovery of distressed assets.
Definition of "Insolvency Proceeding" in syndicated loan agreements
This definition connects "Insolvency Proceeding" to lender protections.
"Insolvency Proceeding" refers to any voluntary or involuntary process initiated to address the borrower’s financial insolvency or restructuring under this agreement.
Definition of "Insolvency Proceeding" in custodial agreements
This definition links "Insolvency Proceeding" to asset safeguarding.
"Insolvency Proceeding" includes any legal process initiated to address the insolvency of the custodian, potentially impacting the safekeeping of client assets.
Definition of "Insolvency Proceeding" in financial guarantee agreements
This definition ties "Insolvency Proceeding" to guarantor defaults.
"Insolvency Proceeding" refers to any legal or administrative process initiated due to the financial distress or insolvency of the guarantor under this agreement.
Definition of "Insolvency Proceeding" in trade credit agreements
This definition connects "Insolvency Proceeding" to supplier defaults.
"Insolvency Proceeding" means any bankruptcy, liquidation, or similar process initiated to address the financial insolvency of a supplier or customer under this agreement.
Definition of "Insolvency Proceeding" in capital markets agreements
This definition links "Insolvency Proceeding" to securities issuers.
"Insolvency Proceeding" includes any legal or regulatory process initiated to resolve the financial distress of an issuer of securities under this agreement.
Definition of "Insolvency Proceeding" in co-lending agreements
This definition ties "Insolvency Proceeding" to shared lending obligations.
"Insolvency Proceeding" refers to any process initiated to address the financial distress of the borrower, impacting the rights of co-lenders under this agreement.
Definition of "Insolvency Proceeding" in infrastructure financing agreements
This definition connects "Insolvency Proceeding" to project funding.
"Insolvency Proceeding" means any legal or administrative process initiated to address the financial insolvency of any party involved in the infrastructure project financing.
Definition of "Insolvency Proceeding" in licensing agreements
This definition links "Insolvency Proceeding" to contractual rights.
"Insolvency Proceeding" includes any bankruptcy, administration, or liquidation process initiated that may affect the licensor’s or licensee’s rights under this agreement.
Definition of "Insolvency Proceeding" in operational restructuring agreements
This definition ties "Insolvency Proceeding" to business recovery.
"Insolvency Proceeding" refers to any legal or administrative process initiated to restructure the operations and financial obligations of a distressed business entity.
Definition of "Insolvency Proceeding" in pension fund agreements
This definition connects "Insolvency Proceeding" to fund insolvency.
"Insolvency Proceeding" means any legal process initiated to resolve the financial distress or insolvency of a pension fund or its sponsoring entity.
Definition of "Insolvency Proceeding" in maritime financing agreements
This definition links "Insolvency Proceeding" to vessel ownership defaults.
"Insolvency Proceeding" includes any bankruptcy, liquidation, or similar process initiated to address the insolvency of a shipping company or vessel owner under this agreement.
Definition of "Insolvency Proceeding" in private equity fund agreements
This definition ties "Insolvency Proceeding" to fund-level financial distress.
"Insolvency Proceeding" refers to any process initiated to address the financial insolvency or liquidation of a private equity fund or its portfolio companies.
Definition of "Insolvency Proceeding" in collective bargaining agreements
This definition connects "Insolvency Proceeding" to employee negotiations.
"Insolvency Proceeding" means any legal or administrative process initiated to resolve the employer’s financial distress, impacting collective bargaining obligations.
Definition of "Insolvency Proceeding" in renewable energy projects
This definition links "Insolvency Proceeding" to sustainability financing.
"Insolvency Proceeding" includes any process initiated to address the financial insolvency of stakeholders involved in renewable energy projects under this agreement.
Definition of "Insolvency Proceeding" in co-investment agreements
This definition ties "Insolvency Proceeding" to shared investment obligations.
"Insolvency Proceeding" refers to any process initiated to address the financial distress of a co-investor or investee company under this agreement.
Definition of "Insolvency Proceeding" in anti-corruption agreements
This definition connects "Insolvency Proceeding" to regulatory actions.
"Insolvency Proceeding" means any legal process initiated due to financial insolvency resulting from fines or penalties under anti-corruption laws.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.