Example ContractsClausesbankruptcy or insolvencyVariants
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Insolvency Proceedings, Etc. # Any Loan Party or any of its Material Subsidiaries # files, issues, institutes or consents to the filing, issuing or institution of any petition, procedure or proceeding under or to take advantage of any Debtor Relief Law, or # makes an assignment for the benefit of creditors or initiates or enters into a composition, compromise or arrangement with any of its creditors, or # applies for or consents to the appointment of any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property, or # is adjudicated as insolvent; or # any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed in respect of any Loan Party or any of its Material Subsidiaries without the application or consent of such Person and, in the case of such an appointment under the laws of the United States or any other jurisdiction in which such appointment may be contested and such Person is contesting such appointment in good faith by appropriate proceedings diligently conducted, such appointment is not discharged or stayed within 60 calendar days; or # any procedure or proceeding under or to take advantage of any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted or any petition under or to take advantage of any Debtor Relief Law is filed or issued without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding or with respect to any such petition; or # Inability to Pay Debts; Attachment. (i) The Company or any Material Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or # any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

Insolvency Proceedings, Etc. # AnyThe Borrower or any Loan Party or any of itsconstituting a Material SubsidiariesSubsidiary # files, issues, institutes or consents to the filing, issuing or institution of any petition, procedure or proceeding under or to take advantage of any Debtor Relief Law, or # makes ana general assignment for the benefit of creditors or initiates or enters into a composition, compromise or arrangement with any of its creditors, or # applies for or consents to the appointment of any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property,property; or # is adjudicated as insolvent; or # any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed in respect of any Loan Party or any of its Material Subsidiaries without the application or consent of such Person and, inand the case of such an appointment under the laws of the United Statescontinues undischarged or any other jurisdiction in which such appointment may be contested and such Person is contesting such appointment in good faith by appropriate proceedings diligently conducted, such appointment is not discharged or stayed withinunstayed for 60 calendar days; or # any procedure or proceeding under or to take advantage of any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted or any petition under or to take advantage of any Debtor Relief Law is filed or issued without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceedingproceeding; or with respect to any such petition; or # Inability to Pay Debts; Attachment. (i) The Company or any Material Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or # any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

Insolvency Proceedings, Etc. # Any Loan Party or any of its Material Subsidiaries # files, issues,Subsidiary thereof institutes or consents to the filing, issuing or institution of any petition, procedure or proceeding under or to take advantage of any Debtor Relief Law, or # makes an assignment for the benefit of creditorscreditors; or initiates or enters into a composition, compromise or arrangement with any of its creditors, or # applies for or consents to the appointment of any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property,property; or # is adjudicated as insolvent; or # any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed in respect of any Loan Party or any of its Material Subsidiaries without the application or consent of such Person and, inand the case of such an appointment under the laws of the United Statescontinues undischarged or any other jurisdiction in which such appointment may be contested and such Person is contesting such appointment in good faith by appropriate proceedings diligently conducted, such appointment is not discharged or stayed within 60unstayed for sixty (60) calendar days; or # any procedure or proceeding under or to take advantage of any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted or any petition under or to take advantage of any Debtor Relief Law is filed or issued without the consent of such Person and continues undismissed or unstayed for 60sixty (60) calendar days, or an order for relief is entered in any such proceedingproceeding; or with respect to any such petition; or # Inability to Pay Debts; Attachment. (i) The Company or any Material Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or # any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

Insolvency Proceedings, Etc. # Any Loan Party or any of its Material Subsidiaries # files, issues, institutes or consents to the filing, issuing or institution of any petition, procedure or proceeding under or to take advantage of any Debtor Relief Law, or # makes an assignment for the benefit of creditorscreditors; or initiates or enters into a composition, compromise or arrangement with any of its creditors, or # applies for or consents to the appointment of any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property,property; or # is adjudicated as insolvent; or # any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed in respect of any Loan Party or any of its Material Subsidiaries without the application or consent of such Person and, inand the case of such an appointment under the laws of the United Statescontinues undischarged or any other jurisdiction in which such appointment may be contested and such Person is contesting such appointment in good faith by appropriate proceedings diligently conducted, such appointment is not discharged or stayed withinunstayed for 60 calendar days; or # any procedure or proceeding under or to take advantage of any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted or any petition under or to take advantage of any Debtor Relief Law is filed or issued without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceedingproceeding; or with respect to any such petition; or # Inability to Pay Debts; Attachment. (i) The Company or any Material Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or # any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

Insolvency Proceedings, Etc. # Any Loan Party or any of its Material Subsidiaries # files, issues,Subsidiary thereof institutes or consents to the filing, issuing or institution of any petition, procedure or proceeding under or to take advantage of any Debtor Relief Law, or # makes an assignment for the benefit of creditorscreditors; or initiates or enters into a composition, compromise or arrangement with any of its creditors, or # applies for or consents to the appointment of any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property,property; or # is adjudicated as insolvent; or # any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed in respect of any Loan Party or any of its Material Subsidiaries without the application or consent of such Person and, inand the case of such an appointment under the laws of the United Statescontinues undischarged or any other jurisdiction in which such appointment may be contested and such Person is contesting such appointment in good faith by appropriate proceedings diligently conducted, such appointment is not discharged or stayed withinunstayed for 60 calendar days; or # any procedure or proceeding under or to take advantage of any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted or any petition under or to take advantage of any Debtor Relief Law is filed or issued without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceedingproceeding; or with respect to any such petition; or # Inability to Pay Debts; Attachment. (i) The Company or any Material Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or # any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

Insolvency Proceedings, Etc. # Any Loan Party or any of its Material Subsidiaries # files, issues,Restricted Subsidiary thereof institutes or consents to the filing, issuing or institution of any petition, procedure or proceeding under or to take advantage of any Debtor Relief Law, or # makes an assignment for the benefit of creditorscreditors; or initiates or enters into a composition, compromise or arrangement with any of its creditors, or # applies for or consents to the appointment of any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property,property; or # is adjudicated as insolvent; or # any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed in respect of any Loan Party or any of its Material Subsidiaries without the application or consent of such Person and, inand the case of such an appointment under the laws of the United Statescontinues undischarged or any other jurisdiction in which such appointment may be contested and such Person is contesting such appointment in good faith by appropriate proceedings diligently conducted, such appointment is not discharged or stayed withinunstayed for 60 calendar days; or # any procedure or proceeding under or to take advantage of any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted or any petition under or to take advantage of any Debtor Relief Law is filed or issued without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceedingproceeding; or with respect to any such petition; or # Inability to Pay Debts; Attachment. (i) The Company or any Material Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or # any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

Insolvency Proceedings, Etc. # Any [[Loan PartyParty:Organization]] or any of its Material Subsidiaries # files, issues,Subsidiary thereof institutes or consents to the filing, issuing or institution of any petition, procedure or proceeding under or to take advantage of any Debtor Relief Law, or # makes an assignment for the benefit of creditorscreditors; or initiates or enters into a composition, compromise or arrangement with any of its creditors, or # applies for or consents to the appointment of any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitatorrehabilitator, examiner or similar officer for it or for all or any material part of its property,property; or # is adjudicated as insolvent; or # any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed in respect of any Loan Party or any of its Material Subsidiaries without the application or consent of such Person and, inand the case of such an appointment under the laws of the United Statescontinues undischarged or any other jurisdiction in which such appointment may be contested and such Person is contesting such appointment in good faith by appropriate proceedings diligently conducted, such appointment is not discharged or stayed within 60unstayed for sixty (60) calendar days; or # any procedure or proceeding under or to take advantage of any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted or any petition under or to take advantage of any Debtor Relief Law is filed or issued without the consent of such Person and continues undismissed or unstayed for 60sixty (60) calendar days, or an order for relief is entered in any such proceedingproceeding; or with respect to any such petition; or # Inability to Pay Debts; Attachment. (i) The Company or any Material Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or # any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

Insolvency Proceedings, Etc. # Any Loan Party or any of its Material Subsidiaries # files, issues,Consolidated Entity institutes or consents to the filing, issuing or institution of any petition, procedure or proceeding against it under or to take advantage of any Debtor Relief Law, or # makes an assignment for the benefit of creditorscreditors; or initiates or enters into a composition, compromise or arrangement with any of its creditors, or # applies for or consents to the appointment of any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property,property; or # is adjudicated as insolvent; or # any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed in respect of any Loan Party or any of its Material Subsidiaries without the application or consent of such Person and, inand the case of such an appointment under the laws of the United Statescontinues undischarged or any other jurisdiction in which such appointment may be contested and such Person is contesting such appointment in good faith by appropriate proceedings diligently conducted, such appointment is not discharged or stayed within 60unstayed for sixty (60) calendar days; or # any procedure or proceeding under or to take advantage of any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted or any petition under or to take advantage of any Debtor Relief Law is filed or issued without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding or with respect to any such petition; or # Inability to Pay Debts; Attachment. (i) The Company or any Material Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or # any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

Insolvency Proceedings, Etc. # Any Loan Party or any of its Material Subsidiaries # files, issues,Restricted Subsidiary institutes or consents to the filing, issuing or institution of any petition, procedure or proceeding under or to take advantage of any Debtor Relief Law, or # makes an assignment for the benefit of creditorscreditors; or initiates or enters into a composition, compromise or arrangement with any of its creditors, or # applies for or consents to the appointment of any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitatorrehabilitator, administrator, administrative receiver or similar officer for it or for all or any material part of its property,property; or # is adjudicated as insolvent; or # any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitatorrehabilitator, administrator, administrative receiver or similar officer is appointed in respect of any Loan Party or any of its Material Subsidiaries without the application or consent of such Person and, inand the case of such an appointment under the laws of the United Statescontinues undischarged or any other jurisdiction in which such appointment may be contested and such Person is contesting such appointment in good faith by appropriate proceedings diligently conducted, such appointment is not discharged or stayed within 60unstayed for sixty (60) calendar days; or # any procedure or proceeding under or to take advantage of any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted or any petition under or to take advantage of any Debtor Relief Law is filed or issued without the consent of such Person and continues undismissed or unstayed for 60sixty (60) calendar days, or an order for relief is entered in any such proceedingproceeding; or with respect to any such petition; or # Inability to Pay Debts; Attachment. (i) The Company or any Material Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or # any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

Insolvency Proceedings, Etc. # Any [[Loan PartyParty:Organization]] or any of its Material Subsidiaries # files, issues,[[Consolidated Entity:Organization]] institutes or consents to the filing, issuing or institution of any petition, procedure or proceeding against it under or to take advantage of any Debtor Relief Law, or # makes an assignment for the benefit of creditorscreditors; or initiates or enters into a composition, compromise or arrangement with any of its creditors, or # applies for or consents to the appointment of any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property,property; or # is adjudicated as insolvent; or # any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed in respect of any Loan Party or any of its Material Subsidiaries without the application or consent of such Person and, inand the case of such an appointment under the laws of the United Statescontinues undischarged or any other jurisdiction in which such appointment may be contested and such Person is contesting such appointment in good faith by appropriate proceedings diligently conducted, such appointment is not discharged or stayed within 60unstayed for sixty (60) calendar days; or # any procedure or proceeding under or to take advantage of any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted or any petition under or to take advantage of any Debtor Relief Law is filed or issued without the consent of such Person and continues undismissed or unstayed for 60sixty (60) calendar days, or an order for relief is entered in any such proceedingproceeding; or with respect to any such petition; or # Inability to Pay Debts; Attachment. (i) The Company or any Material Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or # any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

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