Bankruptcy; Insolvency; Dissolution. (A) Any court of competent jurisdiction shall sign an order (1) adjudicating Mortgagor, its sole member, or any Guarantor (which term when used in this Mortgage shall mean any guarantor of payment of the indebtedness) bankrupt or insolvent, (2) appointing a receiver, trustee or liquidator of the Property or Collateral or of a substantial part of the property of Mortgagor, its sole member, or any Guarantor, or (3) approving a petition for, or effecting an arrangement in bankruptcy, or any other judicial modification or alteration of the rights of Mortgagee or of other creditors of Mortgagor, its sole member, or any Guarantor; or
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Samples: Security Agreement and Fixture Filing (Inland American Real Estate Trust, Inc.), Inland Western Retail Real Estate Trust Inc
Bankruptcy; Insolvency; Dissolution. (A) Any court of competent jurisdiction shall sign an order (1) adjudicating MortgagorBorrower, its sole member, or any Guarantor (which term when used in this Mortgage Security Deed shall mean any guarantor of payment of the indebtedness) bankrupt or insolvent, (2) appointing a receiver, trustee or liquidator of the Property or Collateral or of a substantial part of the property of MortgagorBorrower, its sole member, or any Guarantor, or (3) approving a petition for, or effecting an arrangement in bankruptcy, or any other judicial modification or alteration of the rights of Mortgagee Lender or of other creditors of MortgagorBorrower, its sole member, or any Guarantor; or
Appears in 2 contracts
Samples: Debt and Security Agreement (Inland Western Retail Real Estate Trust Inc), Debt and Security Agreement (Inland Western Retail Real Estate Trust Inc)
Bankruptcy; Insolvency; Dissolution. (A) Any court of competent jurisdiction shall sign an order (1) adjudicating Mortgagor, its sole member, its sole member, or any Guarantor (which term when used in this Mortgage shall mean any guarantor of payment of the indebtedness) bankrupt or insolvent, (2) appointing a receiver, trustee or liquidator of the Property or Collateral or of a substantial part of the property of Mortgagor, its sole member, its sole member, or any Guarantor, or (3) approving a petition for, or effecting an arrangement in bankruptcy, or any other judicial modification or alteration of the rights of Mortgagee or of other creditors of Mortgagor, its sole member, or any Guarantor; or
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