CECO Bankruptcy Sample Clauses

CECO Bankruptcy. CECO (i) is adjudged bankrupt or files a petition in voluntary bankruptcy under any provision of any bankruptcy law or consents to the filing of any bankruptcy or reorganization petition against CECO under any such law, or (without limiting the generality of the foregoing) files a petition to reorganize CECO pursuant to 11 U.S.C. § 101 or any similar statute applicable to CECO, as now or hereinafter in effect, (ii) makes an assignment for the benefit of creditors, or admits in writing an inability to pay its debts generally as they become due, or consents to the appointment of a receiver or liquidator or trustee or assignee in bankruptcy or insolvency of CECO, or (iii) is subject to an order of a court of competent jurisdiction appointing a receiver or liquidator or custodian or trustee of CECO or of a major part of its property.