Assignments for Benefit of Creditors, Etc. The Borrower or any Material Subsidiary makes an assignment for the benefit of its creditors, or admits its inability to pay its debts as they become due, or consents to the appointment of a receiver, custodian, trustee or liquidator of the Borrower or any Material Subsidiary or of all or any part of its respective Property; or
Appears in 4 contracts
Samples: Loan Agreement (Intelect Communications Inc), Loan Agreement (Intelect Communications Inc), Loan Agreement (Intelect Communications Inc)
Assignments for Benefit of Creditors, Etc. The the Borrower or any Material Subsidiary makes an assignment for the benefit of its creditors, or admits its inability to pay its debts as they become due, or consents to the appointment of a receiver, custodian, trustee or liquidator of the Borrower or any Material Subsidiary or of all or any part of its respective Property; or
Appears in 3 contracts
Samples: Loan Agreement (Intelect Communications Systems LTD), Loan Agreement (Intelect Communications Systems LTD), Loan Agreement (Coastal Corp)
Assignments for Benefit of Creditors, Etc. The Borrower the Company or any Material a Restricted Subsidiary makes an assignment for the benefit of its creditors, or admits in writing its inability inability, or fails, to pay its debts generally as they become due, or consents to the appointment of a receiver, custodian, liquidator or trustee or liquidator of the Borrower Company or any Material a Restricted Subsidiary or of all or any a substantial part of its respective Property; or;
Appears in 2 contracts
Samples: Note Purchase Agreement (Interstate Johnson Lane Inc), Note Agreement (Fresh America Corp)
Assignments for Benefit of Creditors, Etc. The Borrower the Company or any Material Subsidiary makes shall make an assignment for the benefit of its creditors, or admits shall admit in writing its inability inability, or shall fail, to pay its debts generally as they become due, or consents shall consent to the appointment of a receiver, custodian, liquidator or trustee or liquidator of the Borrower Company or any Material Subsidiary or of all or any part of its respective Propertythe Property of either; or
Appears in 2 contracts
Samples: Note Purchase Agreement (Littelfuse Inc /De), Note Purchase Agreement (Cerplex Group Inc)
Assignments for Benefit of Creditors, Etc. The Borrower the Company or any Material a Restricted Subsidiary makes an assignment for the benefit of its creditors, or admits in writing its inability inability, or fails, to pay its debts generally as they become due, or consents to the appointment of a receiver, custodian, liquidator or trustee or liquidator of the Borrower Company or any Material a Restricted Subsidiary or of all or any a substantial part of its respective Property; or
Appears in 1 contract
Samples: Securities Purchase Agreement (Able Telcom Holding Corp)
Assignments for Benefit of Creditors, Etc. The Borrower the Company or any Material Restricted Subsidiary makes shall make an assignment for the benefit of its creditors, or admits in writing its inability inability, or fails, to pay its debts generally as they become due, or consents shall consent to the appointment of a receiver, custodian, liquidator or trustee or liquidator of the Borrower Company or any Material Restricted Subsidiary or of all or any part of its respective Propertythe Property of either; or
Appears in 1 contract
Assignments for Benefit of Creditors, Etc. The Borrower any Obligor or any Material Subsidiary makes an assignment for the benefit of its creditors, or admits in writing its inability inability, or fails, to pay its debts generally as they become due, . or consents to the appointment of a receiver, custodian, liquidator or trustee of any Obligor or liquidator of the Borrower or any Material Subsidiary or of all or any a substantial part of its respective Property; or;
Appears in 1 contract
Assignments for Benefit of Creditors, Etc. The Borrower the Company or any Material Restricted Subsidiary makes shall make an assignment for the benefit of its creditors, or admits shall admit in writing its inability inability, or shall fail, to pay its debts generally as they become due, or consents shall consent to the appointment of a receiver, custodian, liquidator or trustee or liquidator of the Borrower Company or any Material Restricted Subsidiary or of all or any part of its respective Propertythe Property of the Company or any Restricted Subsidiary; or
Appears in 1 contract
Samples: Note Purchase Agreement (Credit Acceptance Corporation)
Assignments for Benefit of Creditors, Etc. The If Borrower or any Material Subsidiary of the Borrower 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, custodiantrustee, trustee or liquidator of the Borrower or any Material Subsidiary itself or of all or any part of its respective Propertyproperties; or
Appears in 1 contract
Samples: Loan and Security Agreement (Startec Global Communications Corp)
Assignments for Benefit of Creditors, Etc. The Borrower the Company or any Material a Restricted Subsidiary makes an assignment for the benefit of its creditors, or is not paying its debts generally as they become due, admits in writing its inability to pay its debts generally as they become due, due or consents to the appointment of a receiver, custodiantrustee, trustee custodian or liquidator of the Borrower Company or any Material such Restricted Subsidiary or of all or any part of its respective Property; orthe Property of any of such Persons;
Appears in 1 contract
Samples: Note Purchase and Uncommitted Master Shelf Agreement (National Consumer Cooperative Bank /Dc/)
Assignments for Benefit of Creditors, Etc. The Borrower the Company or any a Material Subsidiary makes an shall make a general assignment for the benefit of its creditors, or admits its inability to pay its debts as they become due, or consents shall consent to the appointment of a receiver, custodian, liquidator or trustee or liquidator of the Borrower Company or any a Material Subsidiary or of all or any substantial part of its respective Propertythe Property of any of such Persons; or
Appears in 1 contract
Samples: Senior Subordinated Note and Warrant Purchase Agreement (Hutchinson Products Corp)