Bankruptcy, Dissolution, etc. upon the commencement of any action for the bankruptcy, dissolution or liquidation of Borrower, or the commencement of any proceeding to avoid any transaction entered into by Borrower, or the commencement of any case or proceeding for reorganization or liquidation of Borrower, or any of their debts under the Bankruptcy Code or any other state or federal law, now or hereafter enacted for the relief of debtors, whether instituted by or against Borrower; provided, however, that Borrower shall have sixty (60) days to obtain the dismissal or discharge of involuntary proceedings filed against Borrower; or
Appears in 3 contracts
Samples: Credit Agreement (Condor Hospitality Trust, Inc.), Voting Agreement (Elsztain Eduardo S), Voting Agreement (Condor Hospitality Trust, Inc.)
Bankruptcy, Dissolution, etc. upon the commencement of any action for the bankruptcy, dissolution or liquidation of any Borrower, or the commencement of any proceeding to avoid any transaction entered into by any Borrower, or the commencement of any case or proceeding for reorganization or liquidation of any Borrower, or any of their its debts under the Bankruptcy Code or any other state or federal law, now or hereafter enacted for the relief of debtors, whether instituted by or against any Borrower; provided, however, that each Borrower shall have sixty (60) days to obtain the dismissal or discharge of involuntary proceedings filed against such Borrower, it being understood that during such sixty (60) day period, Lender shall not be obligated to make Advances hereunder and Lender may seek adequate protection in any bankruptcy proceeding; or
Appears in 1 contract
Samples: Credit Agreement (Green Plains Renewable Energy, Inc.)
Bankruptcy, Dissolution, etc. upon the commencement of any action for the bankruptcy, dissolution or liquidation of Borrower, or the commencement of any proceeding to avoid any transaction entered into by Borrower, or the commencement of any case or proceeding for reorganization or liquidation of Borrower, or any of their debts under the Bankruptcy Code or any other state or federal law, now or hereafter enacted for the relief of debtors, whether instituted by or against Borrower; provided, however, that Borrower Xxxxxxxx shall have sixty (60) days to obtain the dismissal or discharge of involuntary proceedings filed against Borrower; or
Appears in 1 contract
Samples: Note and Loan Agreement (Condor Hospitality Trust, Inc.)
