Common use of Bankruptcy, Receivership, Insolvency, Etc Clause in Contracts

Bankruptcy, Receivership, Insolvency, Etc. If voluntary or ------------------------------------------ involuntary proceedings under the Federal Bankruptcy Code, as amended, shall be commenced by or against Trustor or the general partner of Trustor (if any), or bankruptcy, receivership, insolvency, reorganization, dissolution, liquidation or other similar proceedings shall be instituted by or against Trustor or the general partner of Trustor (if any) with respect to all or any part of Trustor's property or the property of the general partner of Trustor under the Federal Bankruptcy Code, as amended, or other law of the United States or of any state or other competent jurisdiction, and if such proceedings are instituted against Trustor or the general partner of Trustor (if any) and it shall consent thereto or shall fail to cause the same to be discharged within sixty (60) days.