Assignment The Borrower Clause Samples
Assignment The Borrower. (i) makes an assignment for the benefit of its creditors; or
(ii) enters into any form of arrangement or composition (voluntary or otherwise) for the benefit of its creditors; or
(iii) allows any judgment against him to remain unsatisfied for a period of fourteen (14) days or more, unless an appeal against the judgment is pending and a stay of execution has been granted; or
Assignment The Borrower. Neither the Borrower nor any of its Subsidiaries shall assign or transfer any of its rights or obligations under any of the Loan Documents without the prior written consent of each of the Banks.