Assignments for Benefit of Creditors. 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, trustee or liquidator of the Borrower or of all or any part of its property.
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Samples: Credit Agreement (Evergreen Resources Inc), Loan Agreement (Exploration Co of Delaware Inc), Credit Agreement (Evergreen Resources Inc)
Assignments for Benefit of Creditors. 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, trustee trustee, custodian, or liquidator of the Borrower thereof, or of all or any part material portion of its property.the Property of any of them;
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Samples: Loan Agreement (Gexa Corp), Loan Agreement (Arabian American Development Co)
Assignments for Benefit of Creditors. 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, trustee or liquidator of the Borrower or of all or any part of its propertyproperty (including the Collateral).
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Samples: Mortgage and Security Agreement (Reading & Bates Corp)
Assignments for Benefit of Creditors. The Borrower or any other Appearer makes an assignment for the benefit of its or his creditors, or admits in writing its or his inability to pay its or his debts generally as they become due, or consents to the appointment of a receiver, trustee or liquidator of the Borrower or any other Appearer or of all or any part of its or his property.
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