WINDING UP AND ADMINISTRATION Clause Samples

The 'Winding Up and Administration' clause outlines the procedures and rights of the parties in the event that one party enters liquidation, administration, or a similar insolvency process. Typically, this clause specifies what happens to ongoing obligations, such as whether outstanding payments become immediately due or if the agreement can be terminated by the solvent party. Its core function is to provide a clear framework for handling the contract when a party becomes insolvent, thereby reducing uncertainty and protecting the interests of the non-insolvent party.
WINDING UP AND ADMINISTRATION. No order has been made, petition presented or resolution passed for the winding up of the Company or for the appointment of a provisional liquidator to the Company and no administration order has been made in respect of the Company.
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WINDING UP AND ADMINISTRATION. No order has been made, petition presented or resolution passed for the winding up of the Buyer or for the appointment of a provisional liquidator to the Buyer or for an administration order in respect of the Buyer.
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WINDING UP AND ADMINISTRATION any corporate action, legal proceedings or other procedure or step is taken in relation to winding up any Relevant Party (except for the purposes of a reconstruction or amalgamation on terms previously approved in writing by the Bank) or for the appointment of an administrator in respect of any Relevant Party; or
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WINDING UP AND ADMINISTRATION. Except as required by law, the giving of notice of any resolution to wind up any Australia Group Company or any Thai Company, the making of any application by petition or otherwise for an administration order in relation to any Australia Group Company or any Thai Company or the property of any Australia Group Company or any Thai Company or the taking of any step (including but without limitation the service of any notice or the filing of any document) by any Australia Group Company or any Thai Company or its directors to place any Australia Group Company or any Thai Company or the property of any Australia Group Company or any Thai Company into administration or any other insolvency or quasi insolvency proceeding in any relevant jurisdiction.
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WINDING UP AND ADMINISTRATION. So far as the Seller is aware no order has been made, petition presented or resolution passed for the winding up of the Company or for the appointment of a provisional liquidator to the Company or for an administration order in respect of the Company.
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WINDING UP AND ADMINISTRATION a petition being presented, an order ------------------------------ being made or an effective resolution being passed for winding up any Relevant Party (except for the purposes of a reconstruction or amalgamation on terms previously approved in writing by the Bank) or a petition being presented for an administration order in respect of any Relevant Party; or
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WINDING UP AND ADMINISTRATION. No order has been made and, so far as the Seller is aware, no petition has been presented or resolution passed, for the winding up of any Group Company or for the appointment of a provisional liquidator to any Group Company and no administration order has been made in respect of any Group Company.
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WINDING UP AND ADMINISTRATION. No order has been made, petition presented or resolution passed for the winding up of AES or for the appointment of a provisional liquidator to AES or for an administration order in respect of AES.
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