Business Suspension, Bankruptcy, Etc. If the Borrower shall voluntarily suspend transaction of its business, or if the Borrower shall not pay its debts as they mature or shall make a general assignment for the benefit of creditors, or proceedings in bankruptcy, or for reorganization or liquidation of the Borrower under the Bankruptcy Code or under any other, state federal or other applicable law for the relief of debtors shall be commenced by Borrower, or shall be commenced against the Borrower and shall not be discharged within sixty (60) days of commencement, or a receiver, trustee or custodian shall be appointed for the Borrower or for any substantial portion of their respective properties or assets.
Business Suspension, Bankruptcy, Etc. If the Borrower or any of its Subsidiaries shall voluntarily suspend transaction of its business; or if the Borrower or any of its Subsidiaries shall not pay its debts as they mature or shall make a general assignment for the benefit of creditors, or proceedings in bankruptcy, or for reorganization or liquidation of the Borrower or any of its Subsidiaries under the Bankruptcy Code or under any other state or federal law for the relief of debtors shall be commenced or shall be commenced against the Borrower or any of its Subsidiaries and shall not be discharged within twenty-five (25) days of commencement; or a receiver, trustee or custodian shall be appointed for the Borrower or any of its Subsidiaries or for any substantial portion of their respective properties or assets.
Business Suspension, Bankruptcy, Etc. If (i) Borrower or any of its Subsidiaries shall voluntarily suspend transaction of its business; (ii) Borrower or any of its Subsidiaries shall not pay its debts as they mature or admit in writing its inability generally to do so or shall make a general assignment for the benefit of creditors; (iii) proceedings in bankruptcy, or for reorganization or liquidation of Borrower or any of its Subsidiaries under the Bankruptcy Code or under any other state or federal law for the relief or debtors shall be commenced by Borrower; (iv) such proceedings shall be commenced against Borrower or any of its Subsidiaries and shall not be discharged within 60 days of commencement; or (v) a receiver, trustee or custodian shall be appointed for Borrower or any of its Subsidiaries or for any substantial portion of their respective properties or assets.
Business Suspension, Bankruptcy, Etc. If the Borrower shall voluntarily suspend transaction of its business for a period in excess of five (5) Business Days (unless covered by business interruption insurance); or if the Borrower generally shall not pay its debts as they become due, subject to applicable grace periods, or shall make a general assignment for the benefit of creditors; or proceedings in bankruptcy, or for reorganization or liquidation of the Borrower, under the Bankruptcy Code or under any other state or federal law for the relief of debtors shall be commenced by the Borrower or shall be commenced against the Borrower and shall not be discharged within sixty (60) days of commencement; or a receiver, trustee or custodian shall be appointed for the Borrower or for any substantial portion of its respective properties or assets.
Business Suspension, Bankruptcy, Etc. If the Borrower shall voluntarily suspend transaction of its business; or if the Borrower shall not pay its debts as they mature or shall make a general assignment for the benefit of creditors; or
Business Suspension, Bankruptcy, Etc. If any Obligor shall voluntarily suspend transaction of its business; or if any Obligor shall not pay its debts, generally, as they mature or shall make a general assignment for the benefit of creditors; or proceedings in bankruptcy, or for reorganization or liquidation of any Obligor under the Bankruptcy Code or under any other state or federal law for the relief of debtors shall be commenced by any Obligor or shall be commenced against any Obligor and shall not be discharged within 60 days of commencement; or a receiver, trustee or custodian shall be appointed for any Obligor or for any substantial portion of its respective properties or assets.
Business Suspension, Bankruptcy, Etc. If any Borrower or Subsidiary shall voluntarily suspend transaction of its business; or if any Borrower or Subsidiary shall not pay its debts as they mature or shall make a general assignment for the benefit of creditors; or proceedings in bankruptcy, or for reorganization or liquidation of any Borrower or Subsidiary under any Debtor Law shall be commenced or shall be commenced against any Borrower or Subsidiary and shall not be discharged within thirty (30) days of commencement; or a receiver, trustee or custodian shall be appointed for any Borrower or Subsidiary or for any substantial portion of their respective properties or assets.
Business Suspension, Bankruptcy, Etc. If Borrower or any Guarantor shall voluntarily suspend transaction of its business, or if Borrower or any Guarantor shall generally not pay its debts as they mature or shall make a general assignment for the benefit of creditors, or proceedings in bankruptcy, or for reorganization or liquidation of Borrower or any Guarantor under the Bankruptcy Code or under any other, state federal or other applicable law for the relief of debtors shall be commenced by Borrower or any Guarantor, or shall be commenced against Borrower or any Guarantor and shall not be discharged within forty-five (45) days of commencement, or a receiver, trustee or custodian shall be appointed for Borrower or any Guarantor or for any substantial portion of their respective properties or assets.
Business Suspension, Bankruptcy, Etc. If the Borrower or any of its U.S. Subsidiaries shall voluntarily suspend transaction of its business; or if the Borrower or any of its U.S. Subsidiaries shall not pay its debts as they mature or shall make a general assignment for the benefit of creditors; or proceedings in bankruptcy, or for reorganization or liquidation of the Borrower or any of its U.S. Subsidiaries under the Bankruptcy Code or under any other state or federal law for the relief of debtors shall be commenced or shall be commenced against the Borrower or any of its U.S. Subsidiaries and shall not be discharged within thirty (30) days of commencement; or a receiver, trustee or custodian shall be appointed for the Borrower or any of its Subsidiaries or for any substantial portion of their respective properties or assets.
Business Suspension, Bankruptcy, Etc. If Borrower or any Subsidiary shall be dissolved or liquidated (or any judgment, order or decree therefor shall be entered); or if a creditors' committee shall have been appointed for the business of Borrower or any Subsidiary; or if Borrower or any Subsidiary shall have made a general assignment for the benefit of creditors or shall have been adjudicated bankrupt and if not an adjudication based on a filing by Borrower or any Subsidiary, it shall not have been dismissed within thirty (30) days, or shall have filed a voluntary petition in bankruptcy or for reorganization or to effect a plan or arrangement with creditors or shall fail to pay its debts generally as such debts become due in the ordinary course of business (except as contested in good faith and for which adequate reserves are made in such party's financial statements); or shall file an answer to a creditor's petition or other petition filed against it, admitting the material allegations thereof for an adjudication in bankruptcy or for reorganization; or shall have applied for or permitted the appointment of a receiver or trustee or custodian for any of its property or assets; or such receiver, trustee or custodian shall have been appointed for any of its property or assets and shall not have been removed within thirty (30) days; or if an order shall be entered approving any petition for reorganization of Borrower or its Subsidiaries and shall not have been reversed or dismissed within thirty (30) days; or Borrower or its Subsidiaries shall take any action (corporate or other) authorizing or in furtherance of any of the actions described above in this subsection
