Insolvency Filing - Equity Derivatives Provision: Difference between revisions

'''{{eqderivprov|Insolvency Filing}}'''. Section {{eqderivprov|12.9(a)(iv)}} defines the third possible {{eqderivprov|Additional Disruption Event}}, {{eqderivprov|Insolvency Filing}}. Insolvency Filing is defined as an insolvency or bankruptcy proceeding instituted by the Issuer or a regulator, supervisor or similar official with primary insolvency or regulatory jurisdiction over the Issuer. An {{eqderivprov|Insolvency Filing}} should be distinguished from the much narrower definition of {{eqderivprov|Insolvency}} as set forth in Section {{eqderivprov|12.6(a)(ii)}}, discussed above. Unlike the comparable provision in the {{isdma}}, an {{eqderivprov|Insolvency Filing}} specified as an {{eqderivprov|Additional Disruption Event}} has no [[grace period]] associated with it and is not triggered by an invohmtary f11ing by creditors (i.e., persons other than the {{eqderivprov|Issuer}} or a regulatory, supervisor or other sinlilar official) that has not