Common use of Compromise or Arrangement Clause in Contracts

Compromise or Arrangement. any proceeding with respect to the Company is commenced under the compromise or arrangement provisions of the corporations statute pursuant to which the Company is governed, or the Company enters into an arrangement or compromise with all of its creditors generally pursuant to such provisions or otherwise.

Compromise or Arrangement. any proceeding proceedings with respect to either of the Company is are commenced under the compromise or arrangement provisions of the corporations statute pursuant to which the Company is governed, or the Company enters into an arrangement or compromise with any or all of its creditors generally pursuant to such provisions or otherwise.;