Common use of Insolvency Proceeding Clause in Contracts

Insolvency Proceeding. The term "Insolvency Proceeding" herein shall mean any proceeding commenced by or against any person or entity under any provision of the United States Bankruptcy Code, as amended, or under any other bankruptcy or insolvency law, including assignments for the benefit of creditors, formal or informal moritoria, compositions, extensions generally with creditors, or proceedings seeking reorganization, arrangements or other relief.

Insolvency Proceeding. The term "“Insolvency Proceeding" herein shall mean ” means any proceeding commenced by or against any person or entity entity, including Borrower or Broker-Dealer under any provision of the United States federal Bankruptcy Code, as amended, or under any other bankruptcy or insolvency law, including including, but not limited to, assignments for the benefit of creditors, formal or informal moritoriamoratoriums, compositions, compositions or extensions generally with some or all creditors, or proceedings seeking reorganization, arrangements or other relief.

Insolvency Proceeding. The term "“Insolvency Proceeding" herein shall mean ” means any proceeding commenced by or against any person or entity under any provision of the United States Bankruptcy Code, as amended, or under any other bankruptcy or insolvency law, including assignments for the benefit of creditorscreditors under State or Federal law, formal or informal moritoriamoratoria, compositions, extensions extension generally with its creditors, or proceedings seeking reorganization, arrangements arrangement, or other relief.

Insolvency Proceeding. The term "Insolvency Proceeding" herein shall mean means any --------------------- proceeding commenced by or against any person or entity entity, including Borrower, under any provision of the United States federal Bankruptcy Code, as amended, or under any other bankruptcy or insolvency law, including including, but not limited to, assignments for the benefit of creditors, formal or informal moritoriamoratoriums, compositions, compositions or extensions generally with some or all creditors, or proceedings seeking reorganization, arrangements or other relief.