Substantive Consolidation. The Seller is operated such that the Issuer would not be “substantively consolidated” in the bankruptcy estate of the Seller and its separate existence disregarded in the event of the bankruptcy of the Seller under any applicable Insolvency Law;
Appears in 4 contracts
Sources: Contribution and Sale Agreement (TAL International Group, Inc.), Contribution and Sale Agreement (TAL International Group, Inc.), Contribution and Sale Agreement (TAL International Group, Inc.)
Substantive Consolidation. The Seller is operated such that the Issuer would not be “"substantively consolidated” " in the bankruptcy estate of the Seller and its separate existence disregarded in the event of the bankruptcy of the Seller under any applicable Insolvency Law;
Appears in 2 contracts
Sources: Contribution and Sale Agreement (TAL International Group, Inc.), Contribution and Sale Agreement (TAL International Group, Inc.)
Substantive Consolidation. The Seller is operated such that the Issuer would not be “substantively consolidated” consolidated in the bankruptcy estate of the Seller and its separate existence disregarded in the event of the bankruptcy of the Seller under any applicable Insolvency Law;
Appears in 1 contract
Sources: Contribution and Sale Agreement (Sea Containers LTD /Ny/)