Define: Insolvency Proceeding
What does "Insolvency Proceeding" mean? The meaning differs based on the contract. We found 4 definitions across 4 companies in SEC filings.
Definition 1 (CISCO SYSTEMS, INC., seen in 1 filing)
Insolvency Proceeding means (a) any case, action or proceeding before any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors, composition, marshaling of assets for creditors, or other, similar arrangement in respect of its creditors generally or any substantial portion of its creditors, undertaken under U.S. Federal, state or foreign law, including the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. Sec 101, et seq.).
Source: CISCO SYSTEMS, INC. 10-K
Definition 2 (CrowdStrike Holdings, Inc., seen in 1 filing)
Insolvency Proceeding means (a) any case, action or proceeding before any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors, composition, marshalling of assets for creditors, or other, similar arrangement in respect of any Person s creditors generally or any substantial portion of such Person s creditors, in each case undertaken under U.S. federal, state or foreign law, including any Debtor Relief Law.
Source: CrowdStrike Holdings, Inc. 10-K
Definition 3 (CoreWeave, Inc., seen in 1 filing)
Insolvency Proceeding means receivership, insolvency, liquidation, resolution, or similar proceeding.
Source: CoreWeave, Inc. 8-K
Definition 4 (Constellation Energy Corp, seen in 1 filing)
Insolvency Proceeding means bankruptcy, insolvency, reorganization or similar proceedings.
Source: Constellation Energy Corp 8-K
Data extracted from 4 SEC EDGAR filings across 4 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.