Bankruptcy, Receivership, Insolvency, Etc. If Borrower or Guarantor shall commit an act of bankruptcy within the meaning of the Federal Bankruptcy Code, or if bankruptcy, receivership, insolvency, reorganization, dissolution, liquidation or other similar proceedings shall be instituted by or against Borrower or Guarantor for all or any part of its property under the Federal Bankruptcy Code or other law of the United States or of any state or other competent jurisdiction (domestic or foreign) and, if against Borrower or Guarantor, it shall consent thereto or shall fail to cause the same to be discharged within ninety (90) days; or
Appears in 3 contracts
Samples: Loan Agreement (Generation Income Properties, Inc.), Loan Agreement (Generation Income Properties, Inc.), Loan Agreement (Generation Income Properties, Inc.)
Bankruptcy, Receivership, Insolvency, Etc. If Borrower or ------------------------------------------ Guarantor shall commit commits an act of bankruptcy within the meaning of the Federal Bankruptcy Code, ; or if bankruptcy, receivership, insolvency, reorganization, dissolution, liquidation liquidation, or other similar proceedings shall be are instituted by or against Borrower or Guarantor for all or any part of its property under the Federal Bankruptcy Code or other law of the United States or of any state or other competent jurisdiction (domestic or foreign) and, if against Borrower or Guarantor, it shall consent thereto or shall fail to cause the same to be discharged within ninety (90) 60 days; or.
Appears in 1 contract
Samples: Construction and Term Loan Agreement (Efficiency Lodge Inc)
Bankruptcy, Receivership, Insolvency, Etc. If Borrower or any Guarantor shall commit an act of bankruptcy within the meaning of the Federal Bankruptcy Code, or if bankruptcy, receivership, insolvency, reorganization, dissolution, liquidation or other similar proceedings shall be instituted by or against Borrower or any Guarantor for all or any part of its property under the Federal Bankruptcy Code or other law of the United States or of any state or other competent jurisdiction (domestic or foreign) and, if against Borrower or any Guarantor, it shall consent thereto or shall fail to cause the same to be discharged within ninety sixty (9060) days; or
Appears in 1 contract
