Ipso facto clause: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) (Created page with "{{g}}A provision allowing one party to terminate or accelerate a payment if the other party goes bankrupt. Generally invalid under the Bankruptcy Code because a trustee is...") |
(No difference)
|
Revision as of 07:33, 2 February 2020
|
A provision allowing one party to terminate or accelerate a payment if the other party goes bankrupt. Generally invalid under the Bankruptcy Code because a trustee is not bound by any provision that is conditioned on the debtor's insolvency.