Common use of Assignments for Benefit of Creditors Clause in Contracts

Assignments for Benefit of Creditors. Any Company 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 any Company or of all or any part of its property.

Appears in 5 contracts

Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc), Loan Agreement (Natural Gas Systems Inc/New)

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Assignments for Benefit of Creditors. Any The Company makes an a general 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 any Company or of all or any part of its property.;

Appears in 2 contracts

Samples: Investment Agreement (Brazos Sportswear Inc /De/), Euronet Worldwide Inc

Assignments for Benefit of Creditors. Any A Company makes an a general 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 any Company or of all or any part of its property.;

Appears in 1 contract

Samples: Investment and Loan Agreement (Enterprise Software Inc)

Assignments for Benefit of Creditors. Any Company makes an The Companies make a general assignment for the benefit of its creditors, or admits admit in writing its theirs inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee or liquidator of any Company or of all or any part of its property.;

Appears in 1 contract

Samples: Investment and Loan Agreement (Fti Consulting Inc)

Assignments for Benefit of Creditors. Any Company of the Companies makes an a general 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 any Company or of all or any part of its property.;

Appears in 1 contract

Samples: Entire Agreement (Fti Consulting Inc)

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Assignments for Benefit of Creditors. Any The Company makes an a general 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 any Company or of all or any part of its property.; or

Appears in 1 contract

Samples: Euronet Worldwide Inc

Assignments for Benefit of Creditors. Any Company of the Companies 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 the any Company of the Companies or of all or any part of its their respective property.;

Appears in 1 contract

Samples: Loan Agreement (Casino America Inc)

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