Assignment for Benefit of Creditors, etc. if BORROWERS, or any of them, make or propose an assignment for the benefit of creditors generally, offers a composition or extension to creditors, 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 BORROWER; or
Appears in 2 contracts
Samples: Loan and Security Agreement (Vistacare Inc), Loan and Security Agreement (Vistacare, Inc.)
Assignment for Benefit of Creditors, etc. if BORROWERSBorrowers, or any of them, make or propose an assignment for the benefit of creditors generally, offers a composition or extension to creditors, or makes or sends notice of an intended bulk sale of any business or assets now or hereafter owned or conducted by any BORROWER Borrower which might materially and adversely affect such BORROWERPerson; or
Appears in 2 contracts
Samples: Loan and Security Agreement (New York Health Care Inc), Loan and Security Agreement (Orion Healthcorp Inc)
