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Bankruptcy Proceedings
Bankruptcy Proceedings contract clause examples

Voluntary Bankruptcy or Insolvency Proceedings. [[Loan Agreement:Organization]] shall # apply for or consent to the appointment of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, # be unable, or admit in writing its inability, to pay its debts generally as they mature, # make a general assignment for the benefit of its or any of its creditors, # be dissolved or liquidated, # become insolvent (as such term may be defined or interpreted under any applicable statute), # commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or consent to any such relief or to the appointment of or taking possession of its property by any official in an involuntary case or other proceeding commenced against it, or # take any action for the purpose of effecting any of the foregoing; or

Insolvency; Voluntary Proceedings. The Company shall # apply for or consent to the appointment of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, # be unable, or admit in writing its inability, to pay its debts generally as they mature, # make a general assignment for the benefit of its or any of its creditors, # be dissolved or liquidated in full or in part, # become insolvent (as such term may be defined or interpreted under any applicable statute), or # commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or consent to any such relief or to the appointment of or taking possession of its property by any official in an involuntary case or other proceeding commenced against it; or

Voluntary Proceedings. Borrower shall # voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, # consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (e) of this Article, # apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Borrower or for a substantial part of its assets, # file an answer admitting the material allegations of a petition filed against it in any such proceeding, # make a general assignment for the benefit of creditors, # take any action for the purpose of effecting any of the foregoing or # become unable, admit in writing its inability or fail generally to pay its debts as they become due.

a Borrower shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall make a general assignment for the benefit of creditors, or shall fail generally, or shall admit in writing its inability, to pay its debts as they become due, or shall take any corporate action to authorize any of the foregoing; or

Insolvency; Voluntary Proceedings. The Company shall # apply for or consent to the appointment of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, # be unable, or admit in writing its inability, to pay its debts generally as they mature, # make a

Voluntary Proceedings. It shall # apply for or consent to the appointment of a receiver, custodian, trustee or liquidator of itself or of all or a substantial part of its property, # be generally not paying its debts as such debts become due as defined in the United States Bankruptcy Code, # make a general assignment for the benefit of its creditors, # commence a voluntary case under the Bankruptcy Code, # fail to controvert in a timely or appropriate manner, or acquiesce in writing to, any petition filed against it in any involuntary case under the Bankruptcy Code, or # take any corporate action for the purpose of effecting any of the foregoing.

the Customer shall # apply for, suffer, or consent to the appointment of, or the taking of possession by, a receiver, custodian, trustee, administrator or liquidator of itself or of all or a substantial part of its property or call a meeting of its creditors, # admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its business, # make a general assignment for the benefit of creditors, # commence a voluntary case under any state, federal or other bankruptcy or insolvency laws (as now or hereafter in effect), or enter into discussions with its creditors existing at any one time with respect to rescheduling any of its Indebtedness, # be adjudicated a bankrupt or insolvent, # file a petition seeking to take advantage of any other law providing for the relief of debtors, # acquiesce to, or fail to have dismissed, any petition which is filed against it in any involuntary case under such bankruptcy or insolvency laws, or # take any action for the purpose of effecting any of the foregoing or which is indicative of insolvency;

Voluntary Bankruptcy Proceeding. The Borrower or any Restricted Subsidiary thereof shall # commence a voluntary case under any Debtor Relief Laws, # file a petition seeking to take advantage of any Debtor Relief Laws, # consent to or fail to contest in a timely and appropriate manner any petition filed against it in an involuntary case under any Debtor Relief Laws, # apply for or consent to, or fail to contest in a timely and appropriate manner, the appointment of, or the taking of possession by, a receiver, custodian, trustee, or liquidator of itself or of a substantial part of its property, domestic or foreign, # admit in writing its inability to pay its debts as they become due, # make a general assignment for the benefit of creditors, or # take any corporate action for the purpose of authorizing any of the foregoing.

Voluntary Bankruptcy Proceeding. The Borrower or any Material Subsidiary thereof shall # commence a voluntary case under any Debtor Relief Laws, # file a petition seeking to take advantage of any Debtor Relief Laws, # consent to or fail to contest in a timely and appropriate manner any petition filed against it in an involuntary case under any Debtor Relief Laws, # apply for or consent to, or fail to contest in a timely and appropriate manner, the appointment of, or the taking of possession by, a receiver, custodian, trustee, or liquidator of itself or of a substantial part of its property, domestic or foreign, # admit in writing its inability to pay its debts as they become due, # make a general assignment for the benefit of creditors, or # take any corporate action for the purpose of authorizing any of the foregoing.

the Customer shall # apply for, suffer, or consent to the appointment of, or the taking of possession by, a receiver, custodian, trustee or liquidator of itself or of all or a substantial part of its property or call a meeting of its creditors, # admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business, # make a general assignment for the benefit of creditors, # commence a voluntary case or proceeding under any state or federal bankruptcy laws (as now or hereafter in effect), # be adjudicated a bankrupt or insolvent, # file a petition seeking to take advantage of any other law providing for the relief of debtors, # acquiesce to, or fail to have dismissed, any petition which is filed against it in any involuntary case under such bankruptcy laws, or # take any action for the purpose of effecting any of the foregoing;

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