insolvency clause

insolvency clause
clause d'insolvabilité (DL, 2e)

English-French insurance dictionary. 2013.

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  • ipso facto clause — n: a clause in an agreement stipulating the consequences (as termination of a lease or acceleration of a payment) of the insolvency of one of the parties – called also bankruptcy clause, ipso facto bankruptcy clause; ◇ An ipso facto clause is… …   Law dictionary

  • Title retention clause — A retention of title clause (also called a Romalpa clause in some jurisdictions [Named after the decision in Aluminium Industrie v Romalpa [1976] 1 WLR 676] ) is a provision in a contract for the sale of goods that the title to the goods remains… …   Wikipedia

  • bankruptcy clause — n: ipso facto clause Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bankruptcy clause …   Law dictionary

  • Romalpa clause — a clause in a contract modelled on the clause that was upheld in the English Court of Appeal in the case Aluminium Industrie Vassen BV v . Romalpa Aluminium [1976] 1 WLR 676. There are two main elements: (2) (1) retention of title. Because of the …   Law dictionary

  • Collective action clause — A collective action clause (CAC) allows a supermajority of bondholders to agree a debt restructuring that is legally binding on all holders of the bond, including those who vote against the restructuring. Bondholders generally opposed such… …   Wikipedia

  • ipso facto clause — An ipso facto clause is a contractual term that generally allows a creditor to terminate a contract or a supply of service if an individual enters into proceedings under an insolvency statute. (Dictionary of Canadian Bankruptcy Terms) United… …   Glossary of Bankruptcy

  • Оговорка о несостоятельности — оговорка в договоре перестрахования, согласно которой в случае неплатежеспособности перестраховщика все платежи должны производиться непосредственно перестрахователем. По английски: Insolvency clause См. также: Оговорки в договорах… …   Финансовый словарь

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

  • South African contract law — is essentially a modernised version of the Roman Dutch law of contract, [1] which is itself rooted in Roman law. In the broadest definition, a contract is an agreement entered into by two or more parties with the serious intention of creating a… …   Wikipedia

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

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