Business Failure. The death, dissolution, termination of existence, business failure, appointment of a receiver of any part of the property of, assignment for the benefit of creditors by, or commencement of any proceeding in bankruptcy or insolvency by or against Debtor or any principals of Debtor or any guarantor or surety for Debtor.
Appears in 3 contracts
Samples: 1998 Security Agreement (Data Transmission Network Corp), 1996 Restated Security Agreement (Data Transmission Network Corp), 1997 Security Agreement (Data Transmission Network Corp)
Business Failure. The death, dissolutionDissolution, termination of existence, insolvency, business failure, or suspension of business on the part of Borrower, the filing of a petition for the appointment of a receiver or the appointment of a receiver for all or any part of the property ofBorrower's property, assignment for the benefit of creditors by, or commencement of any proceeding in proceedings under any bankruptcy or insolvency laws by or against Debtor or any principals of Debtor or any guarantor or surety for DebtorBorrower.
Appears in 3 contracts
Samples: Loan Agreement (Red Trail Energy, LLC), Loan Agreement (Red Trail Energy, LLC), Loan Agreement (Red Trail Energy, LLC)
