Template:Nutshell Credit Derivatives 4.2: Difference between revisions
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Amwelladmin (talk | contribs) Created page with ":{{cddprov|4.2}}. '''{{cddprov|Bankruptcy}}'''. A {{cddprov|Reference Entity}}: :(a) '''Dissolved''': is dissolved (other than by merger); :(b) '''Insolvent''': becomes [..." |
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{{cddprov|4.2}}. '''{{cddprov|Bankruptcy}}'''. A {{cddprov|Reference Entity}}: | |||
:(a) '''Dissolved''': is dissolved (other than by [[merger]]); | :(a) '''Dissolved''': is dissolved (other than by [[merger]]); | ||
:(b) '''Insolvent''': becomes [[insolvent]], [[unable to pay its debts]], or admits it in writing; | :(b) '''Insolvent''': becomes [[insolvent]], [[unable to pay its debts]], or admits it in writing; | ||
Latest revision as of 11:20, 24 April 2023
4.2. Bankruptcy. A Reference Entity:
- (a) Dissolved: is dissolved (other than by merger);
- (b) Insolvent: becomes insolvent, unable to pay its debts, or admits it in writing;
- (c) Composition with Creditors: makes a composition with its creditors;
- (d) Insolvency Proceedings: starts or suffers insolvency proceedings which are not discharged within 15 days or result in a winding up order;
- (e) Voluntary Winding Up: resolves to wind itself up (other than by merger);
- (f) Put in Administration: has an administrator, provisional liquidator, or similar appointed for it or for substantially all its assets;
- (g) Security Exercised: has a secured party take possession of, or a legal process is enforced against, substantially all its assets for at 15 days without a court dismissing it;
- (h) Analogous events: suffers any event which, under the laws of any jurisdiction, has the same effect as any of the above events.