Assignment for Creditors. The Company shall (i) make an assignment for the benefit of creditors or commence proceedings for its dissolution; or (ii) apply for or consent to the appointment of a trustee, liquidator or receiver for its or for a substantial part of its property or business; or
Appears in 5 contracts
Samples: Conversion and Loan Modification Agreement (Arkanova Energy Corp.), Note Purchase Agreement (Arkanova Energy Corp), Note Purchase Agreement (Arkanova Energy Corp.)
Assignment for Creditors. The Company shall (i1) make an assignment for the benefit of creditors or commence proceedings for its dissolution; or (ii2) apply for or consent to the appointment of a trustee, liquidator or receiver for its or for a substantial part of its property or business; or
Appears in 4 contracts
Samples: Agreement (Blue Water Petroleum Corp.), Note Purchase Agreement (Arkanova Energy Corp), Note Purchase Agreement (Arkanova Energy Corp)
