Common use of Business Suspension, Bankruptcy, Etc Clause in Contracts

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 the Borrower Company or any of its Subsidiaries shall voluntarily suspend transaction of its business; or if the Borrower Company or any of its Subsidiaries shall not generally 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 Company or any of its Subsidiaries under the Bankruptcy Code or under any other state state, federal or federal foreign law for the relief of debtors shall be commenced or shall be commenced against the Borrower Company or any of its Subsidiaries and shall not be discharged within twenty-five thirty (2530) days of commencement; or a receiver, trustee or custodian shall be appointed for the Borrower Company or any of its Subsidiaries or for any substantial portion of their respective properties or assets.

Business Suspension, Bankruptcy, Etc. If the Borrower or any of its the Subsidiaries shall voluntarily suspend transaction of its business; or if the Borrower or any of its the 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 the 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 the Subsidiaries and shall not be discharged within twenty-five thirty (2530) days of commencement; or a receiver, trustee or custodian shall be appointed for the Borrower or any of its the Subsidiaries or for any substantial portion of their respective properties or assets.

Business Suspension, Bankruptcy, Etc. If the Borrower or any of its Subsidiaries Subsidiary shall voluntarily suspend transaction of its business; or if the Borrower or any of its Subsidiaries 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 the Borrower or any of its Subsidiaries Subsidiary, under the Bankruptcy Code or under any other state or federal law for the relief of debtors shall be commenced by the Borrower or any Subsidiary or shall be commenced against the Borrower or any of its Subsidiaries Subsidiary and shall not be discharged within twenty-five thirty (2530) days of commencement; or a receiver, trustee or custodian shall be appointed for the Borrower or any of its Subsidiaries Subsidiary or for any substantial portion of their its respective properties or assets.