Common use of Bankruptcy, Dissolution, etc Clause in Contracts

Bankruptcy, Dissolution, etc. upon the commencement of any ---------------------------- action for the dissolution or liquidation of either Borrower, or the commencement of any proceeding to avoid any transaction entered into by either Borrower, or the commencement of any case or proceeding for reorganization or liquidation of either Borrower's 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 such Borrower; provided, however, that such Borrower shall have forty-five (45) days to obtain the dismissal or discharge of involuntary proceedings filed against it, it being understood that during such forty-five (45) day period, Lender shall not be obligated to make Advances hereunder and Lender may seek adequate protection in any bankruptcy proceeding; or

Bankruptcy, Dissolution, etc. upon the commencement of any ---------------------------- action for the dissolution or liquidation of either any Borrower, or the commencement of any proceeding to avoid any transaction entered into by either any Borrower, or the commencement of any case or proceeding for reorganization or liquidation of either any Borrower's 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 such Borrower; providedPROVIDED, howeverHOWEVER, that such Borrower shall have forty-five ninety (4590) days to obtain the dismissal or discharge of involuntary proceedings filed against it, it being understood that during such forty-five ninety (4590) day period, no Lender shall not be obligated to make Advances hereunder and Lender Agent may seek adequate protection in any bankruptcy proceeding; or

Bankruptcy, Dissolution, etc. upon the commencement of any ---------------------------- action for the dissolution or liquidation of either Borrowerany of the Borrowers, or the commencement of any proceeding to avoid any transaction entered into by either Borrowerany of the Borrowers, or the commencement of any case or proceeding for reorganization or liquidation of either any Borrower's debts under the Bankruptcy Code or any other state or federal law, law now or hereafter enacted for the relief of debtors, whether instituted by or against such BorrowerBorrowers; provided, however, that such Borrower the Borrowers shall have forty-five (45) days to obtain the dismissal or discharge of involuntary proceedings filed against itthem, it being understood that during such forty-five (45) day period, Lender shall be not be obligated to make Advances or Term Advances hereunder and Lender may seek adequate protection in any bankruptcy proceeding; or

Bankruptcy, Dissolution, etc. upon the commencement of any ---------------------------- ----------------------------- action for the dissolution or liquidation of either any Borrower, or the commencement of any proceeding to avoid any transaction entered into by either any Borrower, or the commencement of any case or proceeding for reorganization or liquidation of either any Borrower's 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 such Borrower; provided, however, -------- ------- that such Borrower shall have forty-five thirty (45) days 30)days to obtain the dismissal or discharge of involuntary proceedings filed against it, it being understood that during such forty-five thirty (4530) day period, Lender shall not be obligated to make Advances hereunder under the Revolving Credit and Lender may seek adequate protection in any bankruptcy proceeding; or

Bankruptcy, Dissolution, etc. upon the commencement of any ---------------------------- action for the dissolution or liquidation of either Borrowerany of the Borrowers, or the commencement of any proceeding to avoid any transaction entered into by either Borrowerany of the Borrowers, or the commencement of any case or proceeding for reorganization or liquidation of either Borrower's any of the Borrowers' 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 such Borrowerany of the Borrowers; provided, provided however, that such Borrower Borrowers shall have forty-five (45) days to obtain the dismissal or discharge of an involuntary proceedings proceeding filed against it, any Borrower; it being understood that during such forty-five (45) day period, Lender shall not be obligated to make Advances hereunder and Lender may seek adequate protection in any bankruptcy proceeding; or