Insolvency. The dissolution or termination of Borrower’s existence as a going business, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Occurrence of: # the Borrower becoming insolvent or termination of Borrower’s existencebankrupt or being unable or admitting in writing its inability to pay its debts as they mature or making a going business, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, anygeneral assignment for the benefit of creditors,or entering into any typecomposition or arrangement with creditors; # proceedings for the appointment of creditor workout,a receiver, trustee, or liquidator of the commencementassets of any proceeding under any bankruptcythe Borrower or insolvency lawsa substantial part thereof, being authorized or instituted by or against Borrower.the Borrower; # proceedings under any bankruptcy, reorganization, readjustment of debt, insolvency, dissolution, liquidation or other similar law, or any jurisdiction being authorized or instituted against the Borrower; or # the Borrower ceases operations, is dissolved, or terminates its existence.

death, dissolution, termination of Borrower’s existence as a going business, the insolvency of Borrower, theexistence, insolvency, business failure, appointment of a receiver forof any part of Borrower’s property, anythe property of, assignment for the benefit of creditors, any type of creditor workout,creditors by, or the commencement of any proceeding under any bankruptcy or insolvency laws of, by or against Borrower.Debtor or any guarantor or surety for Debtor.