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

Assignments for Benefit of Creditors, Etc. Borrower, any Subsidiary, any Partnership, or any LLC 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 Borrower, any Subsidiary, any Partnership, or any LLC, or of all or any part of its Properties; or