Example ContractsClausesinsolvency proceedings, etcVariants
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Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of [[Organization B:Organization]], or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to [[Organization B:Organization]], or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within forty-five (45) days of commencement;

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of [[Organization B:Organization]],the Company, or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to [[Organization B:Organization]],the Company or any of its subsidiaries, if any, or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within forty-five (45)sixty (60) days of commencement;commencement.

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of [[Organization B:Organization]],Borrower or any of its Subsidiaries or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to [[Organization B:Organization]],Borrower or any of its Subsidiaries or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within forty-five (45)thirty (30) days of commencement; or

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointmentBankruptcy; Appointment of a receiver, trustee, liquidator or custodian of [[Organization B:Organization]], or of all or a substantial part of the property thereof,Receiver; Etc. An involuntary proceeding shall be commenced or an involuntary case or other proceedingspetition shall be filed in a court of competent jurisdiction seeking # liquidation, reorganization or other relief within respect to [[Organization B:Organization]],of the Borrower or the debts thereofany of its Principal Subsidiaries or its debts, or of a substantial part of its assets, under any Federal or state bankruptcy, insolvencyinsolvency, receivership or other similar law now or hereafter in effect or # the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any of its Principal Subsidiaries or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undischarged, unvacated or undismissed for a period of 60 or more days or an order or decree approving or ordering any of the foregoing shall be commenced and an order for relief enteredentered; or such proceeding shall not be dismissed or discharged within forty-five (45) days of commencement;

Involuntary BankruptcyBankruptcy. If any involuntary petition is filed under any bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidatorsimilar law or custodian ofrule against [[Organization B:A:Organization]], or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to [[Organization B:Organization]], or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shallpetition is not be dismissed or discharged within forty-five (45)60 days of commencement;filing, or a receiver, trustee, liquidator, assignee, custodian, sequestrator or other similar official is appointed to take possession of any of the assets or properties of [[Organization A:Organization]].

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of [[Organization B:Organization]], or of all or a substantial part of the property thereof,an involuntary proceeding shall be commenced or an involuntary case or other proceedingspetition shall be filed seeking # liquidation, reorganization or other relief within respect toof [[Organization B:Parties:Organization]], or the debts thereofany Material Restricted Subsidiary or its debts, or of a substantial part of its assets, under any Federal or state bankruptcy, insolvencyinsolvency, receivership or other similar law now or hereafter in effect or # the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for or any Material Restricted Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within forty-five (45) days of commencement;entered;

Involuntary BankruptcyBankruptcy, reorganization, insolvency or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of [[Organization B:Organization]], or of all or a substantial part of the property thereof, or an involuntary caseliquidation proceedings or other proceedings seeking liquidation, reorganization or otherfor relief with respect to [[Organization B:Organization]], or the debts thereof under any bankruptcy, insolvencybankruptcy law or other similarany law now or hereafter in effectfor the relief of debtors shall be commenced and an order for relief enteredinstituted by or such proceedingagainst [[Organization A:Organization]] and, if instituted against [[Organization A:Organization]], shall not be dismissed within sixty (60) days after such institution or discharged within forty-five (45) days of commencement;[[Organization A:Organization]] shall by any action or answer approve of, consent to, or acquiesce in any such proceedings or admit the material allegations of, or default in answering a petition filed in any such proceeding; or

Involuntary BankruptcyBankruptcy; Appointment of Receiver, Etc. Without its application, approval or Insolvency Proceedings. Proceedings for the appointment ofconsent, a receiver, trustee, examiner, liquidator or custodian ofsimilar official shall be appointed for [[Organization B:Borrowers:Organization]], or of allany Subsidiary (but excluding any Immaterial Subsidiary) or afor any substantial part of the property thereof,its Property, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to [[Organization B:Organization]], or the debts thereof under any bankruptcy, insolvency or other similar law now or hereaftera proceeding described in effect[Section 8.1(F)(iv)] shall be commencedinstituted against or any Subsidiary (but excluding any Immaterial Subsidiary) and an order for relief enteredsuch appointment continues undischarged or such proceeding shall not be dismissedcontinues undismissed or discharged within forty-five (45) daysunstayed for a period of commencement;60 consecutive days.

Involuntary BankruptcyAn involuntary proceeding shall be commenced against Borrower or Insolvency Proceedings. Proceedings for the appointmentany of a receiver, trustee, liquidator or custodian of [[Organization B:Organization]], or of all or a substantial part of the property thereof, or an involuntary case or other proceedingsits Subsidiaries seeking liquidation, reorganizationreorganization, or other relief with respect to [[Organization B:Organization]],it or theits debts thereof under any bankruptcy, insolvencyinsolvency, or other similar law now or hereafter in effect shall be commencedor seeking the appointment of a trustee, receiver, liquidator, custodian, or other similar official for it or a substantial part of its Property, and an order for relief entered or such involuntary proceeding shall not be dismissed or discharged within forty-five (45) daysremain undismissed and unstayed for a period of commencement;sixty (60) days;

Involuntary BankruptcyAn involuntary petition or Insolvency Proceedings. Proceedings forcomplaint shall be filed against [[Organization B:Organization]] or any other Obligated Party seeking bankruptcy or reorganization of such Person or the appointment of a receiver, custodian, trustee, intervenor or liquidator or custodian of [[Organization B:Organization]],it, or of all or a substantial partsubstantially all of its assets, and such petition or complaint shall not have been dismissed within thirty (30) days of the property thereof,filing thereof; or an involuntary caseorder, order for relief, judgment or decree shall be entered by any court of competent jurisdiction or other proceedingscompetent authority approving a petition or complaint seeking liquidation, reorganization of such Person or other relief with respect to [[Organization B:Organization]],appointing a receiver, custodian, trustee, intervenor or the debts thereof under any bankruptcy, insolvencyliquidator of such Person, or other similar law nowof all or hereaftersubstantially all of its assets, and such order, judgment or decree shall continue unstayed and in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within forty-five (45) daysa period of commencement;thirty (30) days;

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