Business Failure. Dissolution, 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 Borrower's property, assignment for the benefit of creditors or commencement of any proceedings under any bankruptcy or insolvency laws by or against Borrower.
Appears in 3 contracts
Samples: Loan Agreement (Red Trail Energy, LLC), Loan Agreement (Red Trail Energy, LLC), Loan Agreement (Red Trail Energy, LLC)
Business Failure. DissolutionThe death, dissolution, 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 Borrower's propertythe property of, assignment for the benefit of creditors by, or commencement of any proceedings under any proceeding in bankruptcy or insolvency laws by or against BorrowerDebtor or any principals of Debtor or any guarantor or surety for Debtor.
Appears in 3 contracts
Samples: 1997 Security Agreement (Data Transmission Network Corp), 1998 Security Agreement (Data Transmission Network Corp), 1996 Restated Security Agreement (Data Transmission Network Corp)
