Bankruptcy-Related Events Sample Clauses

Bankruptcy-Related Events. The occurrence of any of the following:
AutoNDA by SimpleDocs
Bankruptcy-Related Events. None of the ----------------------------- following events shall have occurred for any reason whatsoever (and whether such occurrence shall be voluntary or involuntary, or come about or be effected by operation of law, or pursuant to or in compliance with any judgement, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
Bankruptcy-Related Events. Without the prior written consent of the Common Units Member, no Member shall take any action to directly encumber the assets of the Company, or subject such assets to a right of foreclosure in favor of any Person. To the extent that prior to the date hereof any Member has entered into any contract, agreement or understanding with the effect of directly encumbering such assets, or subjecting such assets to a right of foreclosure in favor of any Person, such Member shall take all actions necessary to release such assets from such contract, agreement or understanding as promptly as practicable.
Bankruptcy-Related Events. (i) An order shall have been entered dismissing any of the Cases or converting any of the Cases to a case under chapter 7 of the Bankruptcy Code or the Borrower or any other Debtor Loan Party shall file a motion or other pleading seeking the dismissal or conversion of any of the Cases under Section 1112 of the Bankruptcy Code or otherwise; or
Bankruptcy-Related Events i. Either Party may terminate this Agreement upon (A) the bankruptcy, liquidation or dissolution of the other Party; or (B) the filing of any petition (voluntary or involuntary) for bankruptcy, dissolution, liquidation or winding-up of the affairs of the other Party which is not dismissed within ninety (90) days after the date on which it is filed or commenced; or (C) the proposal by a Party to be a party to any dissolution or liquidation; or (D) assignment by a Party of substantially all of its assets for the benefits of creditors.
Bankruptcy-Related Events. The occurrence of any of the following in any of the Chapter 11 Cases, except to the extent consented to be the Required DIP Lenders (which may be evidenced by a Direction of the Required DIP Lenders) or if Lenders seek or support any such action:
Bankruptcy-Related Events. Without the prior written consent of the Common Units Member, no Member (except in Xxxxxxx’x capacity as Manager under the Management Services Agreement, and then only to the extent permitted by Section 2.4 of the Management Services Agreement) shall take any action to directly encumber the assets of the Company, or subject such assets to a right of foreclosure in favor of any Person. To the extent that prior to the date hereof any Member has entered into any contract, agreement or understanding with the effect of directly encumbering such assets, or subjecting such assets to a right of foreclosure in favor of any Person, such Member shall take all actions necessary to release such assets from such contract, agreement or understanding as promptly as practicable.
AutoNDA by SimpleDocs
Bankruptcy-Related Events. Subject to the provisions of Section 19 hereof regarding Lessee Partial Wind-Down Events, (i) the entry of an order in the current case in Bankruptcy Court with respect to the Guarantor or any Group IV Lessee converting such case from a Chapter 11 case to a Chapter 7 case or Budget or any affiliate thereof shall file any pleading requesting any such relief; (ii) the appointment, in such case, of a responsible officer, chapter 11 trustee, or an examiner with powers beyond the duty to investigate and report, as set forth in section 1106(a)(3) and (4) of the Bankruptcy Code or (iii) the filing by the Guarantor or any affiliate thereof of a motion for the Bankruptcy Court to enter an order, or the entry of an order with the Bankruptcy Court, in either case without the express prior written consent of the Group IV Noteholders, to revoke, reverse, stay, modify, supplement or amend the order of the Bankruptcy Court authorizing the entry into this Lease by the Guarantor and each Group IV Lessee and two (2) Business Days elapse without the withdrawal, dismissal or stay of such motion or order, as the case may be;
Bankruptcy-Related Events. (i) the entry of an order, or the filing of an application, motion, or request for an order by any Loan Party, dismissing any of the Chapter 11 Cases or converting any of the Chapter 11 Cases to a case under chapter 7 of the Bankruptcy Code;

Related to Bankruptcy-Related Events

  • No Bankruptcy Proceedings No Person shall have commenced a proceeding against the Company pursuant to or within the meaning of any Bankruptcy Law. The Company shall not have, pursuant to or within the meaning of any Bankruptcy Law, (a) commenced a voluntary case, (b) consented to the entry of an order for relief against it in an involuntary case, (c) consented to the appointment of a Custodian of the Company or for all or substantially all of its property, or (d) made a general assignment for the benefit of its creditors. A court of competent jurisdiction shall not have entered an order or decree under any Bankruptcy Law that (I) is for relief against the Company in an involuntary case, (II) appoints a Custodian of the Company or for all or substantially all of its property, or (III) orders the liquidation of the Company or any of its Subsidiaries.

  • Insolvency Events Tenant or any guarantor or surety of Tenant’s obligations hereunder shall: (A) make a general assignment for the benefit of creditors; (B) commence any case, proceeding or other action seeking to have an order for relief entered on its behalf as a debtor or to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition of it or its debts or seeking appointment of a receiver, trustee, custodian or other similar official for it or for all or of any substantial part of its property (collectively a “Proceeding for Relief”); (C) become the subject of any Proceeding for Relief which is not dismissed within 90 days of its filing or entry; or (D) die or suffer a legal disability (if Tenant, guarantor, or surety is an individual) or be dissolved or otherwise fail to maintain its legal existence (if Tenant, guarantor or surety is a corporation, partnership or other entity).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!