Common use of Appointment of Receiver, Etc Clause in Contracts

Appointment of Receiver, Etc. (i) An involuntary case shall be commenced against any Loan Party and the petition shall not be dismissed, stayed, bonded or discharged for a period of thirty (30) days; or a court having jurisdiction in the premises shall enter a decree or order for relief in respect of any Loan Party in an involuntary case, under any applicable bankruptcy, insolvency or other similar law now or hereinafter in effect; or any other similar relief shall be granted under any applicable federal, state, local or foreign law; or the board of directors of any Loan Party (or any committee thereof) adopts any resolution or otherwise authorizes any action to approve any of the foregoing. (ii) A decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over any Loan Party or over all or a substantial part of the assets of any Loan Party shall be entered and such decree or order shall not be stayed, dismissed or discharged for a period of thirty (30) days; or an interim receiver, trustee or other custodian of any Loan Party or of all or a substantial part of the assets of any Loan Party shall be appointed or a warrant of attachment, execution or similar process against any substantial part of the assets of any Loan Party shall be issued and any such event shall not be stayed, dismissed, bonded or discharged for a period of thirty (30) days; or the board of directors of any Loan Party (or any committee thereof) adopts any resolution or otherwise authorizes any action to approve any of the foregoing.

Appointment of Receiver, Etc. (i) An involuntary case shall be commenced against any Loan Party and the petition shall not be dismissed, stayed, bonded or discharged for a period of thirty (30) days; or a A court having jurisdiction in the premises shall enter a decree or order for relief in respect of any Loan Party or any of its Subsidiaries in an involuntary case, case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or other similar law now or hereinafter hereafter in effect, which decree or order is not stayed within 60 days following the entry thereof; or any other similar relief shall be granted under any applicable federal, state, local federal or foreign state law; or the board of directors of (ii) an involuntary case shall be commenced against any Loan Party (or any committee thereof) adopts of its Subsidiaries under the Bankruptcy Code or under any resolution other applicable bankruptcy, insolvency or otherwise authorizes any action to approve any of the foregoing. (ii) A similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over any Loan Party or any of its Subsidiaries, or over all or a substantial part of the assets of any Loan Party its property, shall be entered and such decree or order shall not be stayed, dismissed or discharged for a period of thirty (30) dayshave been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian of any Loan Party or any of its Subsidiaries for all or a substantial part of the assets of any Loan Party shall be appointed its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the assets property of any Loan Party shall be issued or any of its Subsidiaries, and any such event described in this clause (ii) shall not be stayed, continue for 60 days unless dismissed, bonded or discharged for a period of thirty (30) daysdischarged; or the board of directors of any Loan Party (or any committee thereof) adopts any resolution or otherwise authorizes any action to approve any of the foregoing.or

Appointment of Receiver, Etc. (i) An involuntary case shall be commenced against any Loan Party and the petition shall not be dismissed, stayed, bonded or discharged for a period within sixty (60) days after commencement of thirty (30) daysthe case; or a court having jurisdiction in the premises shall enter a decree or order for relief in respect of any Loan Party in an involuntary case, under any applicable bankruptcy, insolvency or other similar law now or hereinafter in effect; or any other similar relief shall be granted under any applicable federal, state, local or foreign law; or the board of directors of any Loan Party or partner of any Loan Party (or any committee thereof) adopts any resolution or otherwise authorizes any action to approve any of the foregoing.; or (ii) A decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over any Loan Party or over all or a substantial part of the assets of any such Loan Party shall be entered and such decree or order shall not be stayed, dismissed or discharged for a period of thirty (30) daysentered; or an interim receiver, trustee or other custodian of any Loan Party or of all or a substantial part of the assets of any such Loan Party shall be appointed or a warrant of attachment, execution or similar process against any substantial part of the assets of any such Loan Party shall be issued and any such event shall not be stayed, dismissed, bonded or discharged for a period of thirty within sixty (3060) daysdays after entry, appointment or issuance; or the board of directors of any Loan Party or partner of any Loan Party (or any committee thereof) adopts any resolution or otherwise authorizes any action to approve any of the foregoing.; or

Appointment of Receiver, Etc. (i) An involuntary case shall be commenced against any Loan Party and the petition shall not be dismissed, stayed, bonded or discharged for a period of thirty sixty (3060) days; or a court having jurisdiction in the premises shall enter a decree or order for relief in respect of any Loan Party in an involuntary case, under any applicable bankruptcy, insolvency or other similar law now or hereinafter in effect; or any other similar relief shall be granted under any applicable federal, state, local or foreign law; or the board of directors of any Loan Party (or any committee thereof) adopts any resolution or otherwise authorizes any action to approve any of the foregoing. (ii) A decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over any Loan Party or over all or a substantial part of the assets of any Loan Party shall be entered and such decree or order shall not be stayed, dismissed or discharged for a period of thirty sixty (3060) days; or an interim receiver, trustee or other custodian of any Loan Party or of all or a substantial part of the assets of any Loan Party shall be appointed or a warrant of attachment, execution or similar process against any substantial part of the assets of any Loan Party shall be issued and any such event shall not be stayed, dismissed, bonded or discharged for a period of thirty sixty (3060) days; or the board of directors of any Loan Party (or any committee thereof) adopts any resolution or otherwise authorizes any action to approve any of the foregoing.

Appointment of Receiver, Etc. (i) An involuntary case shall be commenced against any Loan Party Party, TFLLC or Foamex and the petition shall not be dismissed, stayed, bonded or discharged for a period within forty-five (45) days after commencement of thirty (30) daysthe case; or a court having jurisdiction in the premises shall enter a decree or order for relief in respect of any Loan Party such Person in an involuntary case, under any applicable bankruptcy, insolvency or other similar law now or hereinafter in effect; or any other similar relief shall be granted under any applicable federal, state, local or foreign law; or the board of directors (or other governing body) of any Loan Party such Person (or any committee thereof) adopts any resolution or otherwise authorizes any action to approve any of the foregoing. (ii) A decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over any Loan Party Party, TFLLC or Foamex or over all or a substantial part of the assets Property of any Loan Party such Person shall be entered and such decree or order shall not be stayed, dismissed or discharged for a period of thirty (30) daysentered; or an interim receiver, trustee or other custodian of any Loan Party such Person or of all or a substantial part of the assets Property of any Loan Party shall be appointed or a warrant of attachment, execution or similar process against any substantial part of the assets Property of any Loan Party such Person shall be issued and any such event shall not be stayed, dismissed, bonded or discharged for a period of thirty within forty-five (3045) daysdays after entry, appointment or issuance; or the board of directors of any Loan Party such Person (or any committee thereof) adopts any resolution or otherwise authorizes any action to approve any of the foregoing.