Common use of Assignments for Benefit of Creditors, Etc Clause in Contracts

Assignments for Benefit of Creditors, Etc. Borrower or any Guarantor makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself or of all or any part of its Property; or

Appears in 3 contracts

Samples: Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc), Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc), Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc)

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Assignments for Benefit of Creditors, Etc. The Borrower or any Guarantor of the Guarantors makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself the Borrower or any of the Guarantors or of all or any part of its Propertytheir respective Properties; or

Appears in 2 contracts

Samples: Credit Agreement (Service Experts Inc), Credit Agreement (Service Experts Inc)

Assignments for Benefit of Creditors, Etc. If Borrower or any Guarantor makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself or of all or any part of its Propertyproperties; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Focal Communications Corp), Loan and Security Agreement (Startec Global Communications Corp)

Assignments for Benefit of Creditors, Etc. Borrower or any Guarantor makes an ------------------------------------------ assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself or of all or any part of its Property; or

Appears in 2 contracts

Samples: Loan Agreement (Chemfirst Inc), Loan Agreement (Chemfirst Inc)

Assignments for Benefit of Creditors, Etc. Borrower or any Guarantor makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself or of all or any part of its Property; oror (g) Cross-

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement, Revolving Credit Loan Agreement

Assignments for Benefit of Creditors, Etc. Borrower or any Guarantor Obligor makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself Borrower or of all or any part of its Property; or.

Appears in 2 contracts

Samples: Loan Agreement (Better Choice Co Inc.), Loan Agreement (Better Choice Co Inc.)

Assignments for Benefit of Creditors, Etc. If Borrower or any Guarantor makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself or of all or any part of its Propertyproperties; or

Appears in 1 contract

Samples: Loan and Security Agreement (Ixc Communications Inc)

Assignments for Benefit of Creditors, Etc. Borrower or any Guarantor of its Subsidiaries makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself or of all or any part of its their respective Property; or

Appears in 1 contract

Samples: Loan Agreement (Healthstream Inc)

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Assignments for Benefit of Creditors, Etc. The Borrower or any Guarantor of the Guarantors makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself or of all or any part of its Property; orto

Appears in 1 contract

Samples: Credit Agreement (Service Experts Inc)

Assignments for Benefit of Creditors, Etc. The Borrower or any Guarantor makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself the Borrower or any Guarantor or of all or any part of its Propertytheir Properties; oror (h)

Appears in 1 contract

Samples: Credit Agreement (Cracker Barrel Old Country Store Inc)

Assignments for Benefit of Creditors, Etc. Borrower Any of the Borrowers or any Guarantor of the Guarantors makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself any of the Borrowers or any of the Guarantors or of all or any part of its Propertyrespective Properties; or

Appears in 1 contract

Samples: Credit Agreement (Central Parking Corp)

Assignments for Benefit of Creditors, Etc. The Borrower or any Guarantor makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee, or liquidator of itself the Borrower or any Guarantor or of all or any part of its Propertytheir Properties; or

Appears in 1 contract

Samples: Credit Agreement (Sofamor Danek Group Inc)

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