Common use of Court Order or Decree Clause in Contracts

Court Order or Decree. Any court having jurisdiction - enters a decree or order for relief in respect of Company, in any involuntary case brought under any bankruptcy , insolvency, debtor relief, or similar law now or hereafter in effect, or Company shall consent to or shall fail to oppose any such proceeding, or any such court shall enter a decree or order appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Company or for any part of Company's operating equipment or assets, or order the winding up or liquidation of the affairs of Company.

Appears in 2 contracts

Samples: Franchise Agreement, Franchise Agreement

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Court Order or Decree. Any court having jurisdiction - enters a decree or order for relief in respect of the Company, in any involuntary case brought under any bankruptcy bankruptcy, insolvency, debtor relief, or similar law now or hereafter in effect, or the Company shall consent consents to or shall fail fails to oppose any such proceeding, or any such court shall enter enters a decree or order appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Company or for any part of the Company's ’s operating equipment or assets, or order the winding up or liquidation of the affairs of the Company.

Appears in 1 contract

Samples: Franchise and Lease Agreement

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Court Order or Decree. Any court having jurisdiction - enters shall enter a decree or order for relief in respect of the Company, in any involuntary case brought under any bankruptcy bankruptcy, insolvency, debtor relief, or similar law now or hereafter in effect, or the Company shall consent to or shall fail to oppose any such proceeding, or any such court shall enter a decree or order appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of the Company or for any part of the Company's ’s operating equipment or assets, or order the winding up or liquidation of the affairs of the Company.

Appears in 1 contract

Samples: Amended and Restated Agreement

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