Common use of Assignment for Benefit of Creditors, etc Clause in Contracts

Assignment for Benefit of Creditors, etc. if Borrowers, or any of them, call a meeting of the creditors of any Borrower for the purpose of compromising such Borrower’s debts or obligations, or make or propose an assignment for the benefit of creditors generally, offers a composition or extension to creditors generally, or makes or sends notice of an intended bulk sale of any business or assets now or hereafter owned or conducted by any Borrower which might materially and adversely affect such Person;

Assignment for Benefit of Creditors, etc. if BorrowersBorrower, or any of them, call a meeting of the creditors of any Borrower for the purpose of compromising such Borrower’s debts or obligations, or make or propose an assignment for the benefit of creditors generally, offers a composition or extension to creditors generallycreditors, or makes or sends notice of an intended bulk sale of any business or assets now or hereafter owned or conducted by any Borrower which might materially and adversely affect such Person;

Assignment for Benefit of Creditors, etc. if Borrowers, or any of them, call a meeting of the creditors of any Borrower for the purpose of compromising such Borrower’s debts or obligations, or make or propose an assignment for the benefit of creditors generally, offers a composition or extension to creditors generallycreditors, or makes or sends notice of an intended bulk sale of any business or assets now or hereafter owned or conducted by any Borrower which might materially and adversely affect such Person;

Assignment for Benefit of Creditors, etc. if If Borrowers, or any of them, call calls a meeting of the creditors of any Borrower for the purpose of compromising such Borrower’s debts or obligations, or make makes or propose proposes an assignment for the benefit of creditors generally, offers a composition or extension to creditors generallycreditors, or makes or sends notice of an intended bulk sale of any business or assets now or hereafter owned or conducted by any Borrower which might materially and adversely affect such Person;