Common use of Death or Insolvency Clause in Contracts

Death or Insolvency. The dissolution of Borrower (regardless of whether election to continue is made), any member withdraws from Borrower, or any other termination of Borrower’s existence as a going business or the death of any member, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 10 contracts

Samples: Business Loan Agreement (Dolphin Entertainment, Inc.), Business Loan Agreement (Amrep Corp.), Business Loan Agreement (Mammoth Energy Partners LP)

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Death or Insolvency. The dissolution of Borrower (regardless of whether election to continue is made), any member withdraws from Borrower, or any other termination of Borrower’s 's existence as a going business or the death of any member, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s 's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 5 contracts

Samples: Business Loan Agreement (Charge Enterprises, Inc.), Business Loan Agreement (Deja Foods Inc), Business Loan Agreement (Deja Foods Inc)

Death or Insolvency. The dissolution of Borrower (regardless of whether election to continue is made), any member withdraws from Borrower, or any other termination of Borrower’s 's existence as a going business or the death of any member, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s Xxxxxxxx's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 4 contracts

Samples: Business Loan Agreement (Lodging Fund REIT III, Inc.), Business Loan Agreement (Gaia, Inc), Business Loan Agreement (IMH Financial Corp)

Death or Insolvency. The dissolution of Borrower (regardless of whether election to continue is made), any member withdraws from Borrower, or any other termination of Borrower’s 's existence as a going business or the death of any memberbusiness, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s 's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Samples: Business Loan Agreement (Husker Ag Processing LLC)

Death or Insolvency. The dissolution of Borrower (regardless of whether election to continue is made), . any member withdraws from Borrower, or any other termination of Borrower’s Bxxxxxxx's existence as a going business or the death of any member, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s Bxxxxxxx's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Samples: Business Loan Agreement (Amrep Corp.)

Death or Insolvency. The dissolution of Borrower (regardless of whether election to continue is made), any member withdraws from Borrower, or any other termination of Borrower’s existence as a going business or the death of any member, the insolvency of Borrower, the appointment of f a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Samples: Business Loan Agreement (Cornerstone Realty Fund LLC)

Death or Insolvency. The dissolution of Borrower (regardless of whether election to continue is made), any member withdraws from Borrower, or any other termination of Borrower’s 's existence as a going business or the death of any member, the insolvency of Borrower, the appointment of ot a receiver for any part of Borrower’s 's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Samples: Change in Terms Agreement (Paneltech International Holdings, Inc.)

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Death or Insolvency. The dissolution of Borrower (regardless of whether election to continue is made), any member withdraws from Borrower, or any other termination of Borrower’s 's existence as a going business or the death of any member, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s Bxxxxxxx's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Samples: Business Loan Agreement (Century Casinos Inc /Co/)

Death or Insolvency. The dissolution of Borrower (regardless of whether election to continue is made), any member withdraws from Borrower, or any other termination of Borrower’s 's existence as a going business or the death of any member, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s 's property, any assignment for the benefit of creditorscrxxxxxxx, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Samples: Business Loan Agreement (Red Trail Energy, LLC)

Death or Insolvency. The dissolution of Borrower (regardless of whether election to continue is made), any member withdraws from Borrower, or any other termination of Borrower’s 's existence as a going business or the death of any member, the insolvency Insolvency of Borrower, the appointment of a receiver for any part of Borrower’s 's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Samples: Investment Agreement (Euroweb International Corp)

Death or Insolvency. The dissolution of Borrower (regardless of whether election to continue is made), any member withdraws from Borrower, or any other termination of Borrower’s existence as a going business or the death of any member, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Samples: Business Loan Agreement (Mammoth Energy Partners LP)

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