Define: Act of Insolvency

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any of the following:the taking of any step in connection with any voluntary arrangement or any other compromise or arrangement for the benefit of any creditors of the Licensee;the making of an application for an administration order or the making of an administration order in relation to the Licensee;the giving of any notice of intention to appoint an administrator, or the filing at court of the prescribed documents in connection with the appointment of an administrator, or the appointment of an administrator, in relation to the Licensee;the appointment of a receiver or manager or an administrative receiver in relation to any property or income of the Licensee;the commencement of a voluntary winding-up in respect of the Licensee, except a winding-up for the purpose of amalgamation or reconstruction of a solvent company in respect of which a statutory declaration of solvency has been filed with the Registrar of Companies;the making of a petition for a winding-up order or a winding-up order in respect of the Licensee;the striking-off of the Licensee from the Register of Companies or the making of an application for the Licensee to be struck-off;the Licensee otherwise ceasing to exist; orthe presentation of a petition for a bankruptcy order or the making of a bankruptcy order against the Licensee.The paragraphs above shall apply in relation to a partnership or limited partnership (as defined in the Partnership Act 1890 and the Limited Partnerships Act 1907 respectively) subject to the modifications referred to in the Insolvent Partnerships Order 1994 (SI 1994/2421) (as amended), and a limited liability partnership (as defined in the Limited Liability Partnerships Act 2000) subject to the modifications referred to in the Limited Liability Partnerships Regulations 2001 (SI 2001/1090) (as amended).Act of Insolvency includes any analogous proceedings or events that may be taken pursuant to the legislation of another jurisdiction in relation to a licensee incorporated or domiciled in such relevant jurisdiction.