In the US, for example, it is possible for a debtor to reject executory contracts of an insolvent company. |
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A contract is an executory contract if its completion depends on the performance of one of the terms of the contract at some time in the future. |
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Normal purchases and normal sales are exempt from the application of the standard and are accounted for as executory contracts. |
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Preparatory acts, acts informing as to the state of the law and acts confirmatory of earlier executory decisions cannot form the basis of review. |
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A declaratory judgment is binding but is distinguished from other judgments or court opinions in that it lacks an executory process. |
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The penal conviction also serves as executory mandate for the civil action of compensation. |
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The protocol included provisions on asset sales, claims procedure, executory contracts, the allocation of sale proceeds and on the application of avoidance laws. |
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The Liberal government has always maintained to recognize the executory character of the law on official languages which would bring forth too many cases in front of the court and it wants to avoid this. |
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Such support includes the giving of advice, the implementation of decisions taken, and such other administrative and executory functions as are necessary to the efficient and effective carrying out of that mandate. |
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No resolution or decision involving expenditures shall be executory unless approved by the Governing Council which will, at the same time, decide the means of its financing. |
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In Greece, a revocation request can be submitted to the court of first instance if the latter has granted the executory engrossment of a final order. |
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Further proposed amendments to the Code of Civil Procedure are aimed at accelerating executory and admonitory proceedings and proceedings in economic cases. |
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The only thing that remains is to contest the increased fixed fine which, according to the law, is supposed to lead to the cancellation of the executory title and examination of the matter by a law court. |
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The essence of the bill is to reinforce its executory character and non-declamatory obligations that lie with the Canadian government in reference to part VII of the act on official languages. |
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However the problem has always been, and continues to be, that the government does not recognize the executory character of its obligations concerning section 41 of the act on official languages. |
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The issuance of a letter from the Court Administrator would have no executory force and would not oblige the Commissioner to speed up the process or indeed to respond in any way. |
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It will also have to be decided whether review should possibly be made less stringent, apart from the requirement that the decision be executory in nature, which is not necessary for res judicata. |
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Contrary to existing law, executory nonreal property contracts can now be assigned in certain circumstances despite contractual bars on assignment. |
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While a contract is being performed, it is called an executory contract, and when it is completed it is an executed contract. |
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An executory interest is a future interest in a grantee which will not automatically become possessory and which follows a prior estate which will not terminate inevitably. |
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The Supreme Court of China has declared the sentence final and executory. |
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Importantly, the new proposals represent a fundamentally different approach to recording executory contracts, which may have follow-on effects to other non-lease arrangements. |
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Executory titles referring to mandatory execution of matters of a non-patrimonial nature may be put into execution within 30 years. |
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On November 10, 2015, there was a hearing on Debtor's Motion to Reject the Executory Contract between the Debtor and the Trust. |
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