Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower, or the Borrower admits in writing its inability to pay its debts generally as they mature, or have filed against it an involuntary petition for bankruptcy relief, all under federal or state laws as applicable or the Borrower admits in writing its inability to pay its debts generally as they mature, or have filed against it an involuntary petition for bankruptcy relief, all under international, federal or state laws as applicable.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower, or the Borrower admits in writing its inability to pay its debts generally as they mature, or have filed against it an involuntary petition for bankruptcy relief, all under federal or state laws as applicable or the Borrower admits in writing its inability to pay its debts generally as they mature, or have filed against it an involuntary petition for bankruptcy relief, all under international, federal or state laws as applicable.Borrower.

Bankruptcy; Liquidation. (i) Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the BorrowerCompany or any subsidiary of the Borrower,Company or the Borrower admits in writing its inability to pay its debts generally as they mature, or have filed against it an involuntary petition for bankruptcy relief, all under federalbankruptcy; or state laws as applicable# any dissolution, liquidation, or thewinding up of Borrower admits in writingor any substantial portion of its inability to pay its debts generally as they mature, or have filed against it an involuntary petition for bankruptcy relief, all under international, federal or state laws as applicable.business occurs.

Bankruptcy. Bankruptcy, insolvency, reorganization arrangement, insolvency or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under the United States Code or any bankruptcy law or anysimilar law now or hereafter in force for the relief of debtors shall be instituted by or against the Borrower orand, solely with respect to any subsidiary of the Borrower, orproceedings instituted against the Borrower admits in writing its inability to pay its debts generally as they mature, or have filed against it an involuntary petition for bankruptcy relief, all under federal or state laws as applicable orby a third party, the Borrower admits in writing its inabilityshall fail to pay its debts generally as they mature,dismiss or have filed against it an involuntary petition for bankruptcy relief, all under international, federal or state laws as applicable.to stay such proceedings within ninety (90) days of such institution.