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

Business Suspension, Bankruptcy, Etc. If the Borrower or the Guarantors shall voluntarily suspend transaction of its business; or if the Borrower or the Guarantors shall not pay their respective 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 or federal law for the relief of debtors shall be commenced by the Borrower or the Guarantors or shall be commenced against the Borrower or the Guarantors and shall not be discharged within thirty (30) days of commencement; or a receiver, trustee or custodian shall be appointed for the Borrower or the Guarantors or for any substantial portion of its respective properties or assets.

Business Suspension, Bankruptcy, Etc. If the Borrower Company or the Guarantors any of its Subsidiaries shall voluntarily suspend transaction of its business; or if the Borrower Company or the Guarantors any of its Subsidiaries shall not generally pay their respective 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 by the Borrower or the Guarantors or shall be commenced against the Borrower Company or the Guarantors any of its Subsidiaries and shall not be discharged within thirty (30) days of commencement; or a receiver, trustee or custodian shall be appointed for the Borrower Company or the Guarantors any of its Subsidiaries or for any substantial portion of its their respective properties or assets.

Business Suspension, Bankruptcy, Etc. If the Borrower or the Guarantors any Subsidiary shall voluntarily suspend transaction of its business; or if the Borrower or the Guarantors any Subsidiary shall not pay their respective 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 BorrowerBorrower or any 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 the Guarantors any Subsidiary or shall be commenced against the Borrower or the Guarantors any Subsidiary and shall not be discharged within thirty (30) days of commencement; or a receiver, trustee or custodian shall be appointed for the Borrower or the Guarantors any Subsidiary or for any substantial portion of its respective properties or assets.

Business Suspension, Bankruptcy, Etc. If the Borrower or any of the Guarantors Subsidiaries shall voluntarily suspend transaction of its business; or if the Borrower or any of the Guarantors Subsidiaries shall not pay their respective 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, Borrower or any of the Subsidiaries under the Bankruptcy Code or under any other state or federal law for the relief of debtors shall be commenced by the Borrower or the Guarantors or shall be commenced against the Borrower or any of the Guarantors 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 the Guarantors Subsidiaries or for any substantial portion of its their respective properties or assets.