Example ContractsClausesbankruptcy or insolvencyVariants
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Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (oror other similar official)official of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

Voluntary Bankruptcy, Etc.etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

Voluntary Bankruptcy, Etc. TheMaker’s commencement by Maker of a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any applicable bankruptcy, insolvency, reorganization, rehabilitationinsolvency or other similar law,debtor relief law now or the consent by it tohereafter in effect or seeking the appointment of or taking possession by a trustee, receiver, liquidator, assignee, trustee, custodian, sequestrator (orcustodian or other similar official) of Makerofficial over it, or for any substantial part of its property, or Maker’s consent to any such relief or to the makingappointment or taking possession by it of any assignment for the benefit of creditors,such official in any involuntary case or the failure of Maker generally to pay its debts as such debts become due,other proceeding commenced against it; or the taking of corporate action by Maker in furtherance of any of the foregoing.

Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation# applies for or other similar law, or the consent by itconsents to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official)intervenor or liquidator of Maker or for any substantial partof all or substantially all of its property, or the making by it of anyassets, # files a voluntary petition in bankruptcy, # makes a general assignment for the benefit of creditors, # files a petition or answer seeking reorganization or an arrangement with creditors or to take advantage of any bankruptcy or insolvency laws, # files an answer admitting the failure of Maker generally to pay its debts as such debts become due,material allegations of, or the taking ofconsents to, or defaults in answering, a petition filed against it in any bankruptcy, reorganization or insolvency proceeding, or # takes corporate action by Maker in furtherancefor the purpose of effecting any of the foregoing.foregoing; or

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