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Common use of Assignment for Benefit of Creditors Clause in Contracts

Assignment for Benefit of Creditors. The Defaulting Party makes an assignment of a substantial part of its assets for the benefit of its creditors.

Appears in 6 contracts

Sources: Purchase and Supply Agreement, Purchase and Supply Agreement (Visteon Corp), Purchase and Supply Agreement (Visteon Corp)

Related Clauses

  • Not for Benefit of Creditors
  • Indemnification Provisions for Benefit of the Seller
  • SIMPLE Individual Retirement Custodial Account
  • ▇▇▇▇ Individual Retirement Custodial Account
  • Sole Benefit of Member

Parent Clauses

  • Events of Default
  • Negative Covenants
  • Defaults
  • Default
  • DEFAULT PROVISIONS

Sub-Clauses

  • Assumption of Agreement
  • Assignment to Assignee
  • Fiduciary Duties of Assignee
  • Fees and Expenses of Assignee
  • Sale of Purchased Assets by Assignee
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