Dissolution; Cessation of Business. The dissolution, termination of existence or suspension or cessation of business as usual of any Loan Party or Parent;
Dissolution; Cessation of Business. The cessation of Borrower's or Guarantor's business, Borrower's or Guarantor's liquidation, the filing of a certificate of dissolution by Borrower or Guarantor, or the taking of any action by Borrower or Guarantor to further a liquidation or dissolution.
Dissolution; Cessation of Business. The dissolution, termination of existence, insolvency or business failure of any Loan Party or any Other Obligor, or the suspension or cessation of all or any material portion of the business in the ordinary course (for any reason) of any Loan Party or any Other Obligor (or of any general partner of any Loan Party or any Other Obligor if it is a partnership); or the undertaking of a course of action in respect of any of the foregoing, whether or not yet formally approved by any Loan Party’s or Other Obligor’s management, Board of Directors; or the suspension by a Loan Party or any Other Obligor of payment of all or a material portion of its obligations in the Ordinary Course of Business or the suspension of the performance in the Ordinary Course of Business under any of their Material Contracts);
Dissolution; Cessation of Business. The cessation of the Borrower's employment with Lender, Borrower's liquidation or the taking of any action by Borrower to further a liquidation, including the filing by the Borrower of a Chapter 7 or Chapter 13 petition under the Bankruptcy Code. Except as set forth herein, the Borrower waives presentment, demand and protest and the right to assert any statute of limitations.
Dissolution; Cessation of Business. The Borrower terminates its existence, ceases to exist, dissolves, permanently ceases operations or abandons the operation of any of its material businesses or facilities.
Dissolution; Cessation of Business. If Compost, Miami and/or Bedminster shall dissolve or liquidate, or otherwise cease doing business, and any such dissolution or liquidation or cessation of business is not pursuant to, or in connection with, a merger or consolidation that is approved and consented to in advance by Lionhart, LHI and GEP.
Dissolution; Cessation of Business. (i) Any order, judgment or decree shall be entered against any Loan Party decreeing the dissolution or split up of such Loan Party and such order shall remain undischarged or unstayed for a period in excess of ten (10) days; (ii) any Borrower or any Subsidiary shall be enjoined, restrained or in any way prevented by the order of any Governmental Authority from conducting any material part of the business of such Borrower or such Subsidiary and such order shall remain undischarged or unstayed for a period in excess of ten (10) days; (iii) loss of custody or control of all or substantially all of the assets of Borrowers and their Subsidiaries or any Governmental Authorization required for the conduct of the business of Borrowers and their Subsidiaries; or (iv) any other loss, circumstance or other event (including, without limitation, any strike, lockout, labor dispute or other work stoppage) shall occur causing the cessation or substantial curtailment of revenue producing activities of Borrowers or their Subsidiaries for a period in excess of ten (10) days; or
Dissolution; Cessation of Business. The dissolution, termination of existence, a material adverse change in the financial condition of the Debtor, however, the Secured Party acknowledges that the Debtor may continue to experience further deficit cash flows and/or net losses through the fourth quarter of 1997 and the Secured Party deems that this is not a material adverse change to financial condition; provided, however, that such losses do not result in a negative consolidated shareholder equity of less than negative $30,000,000, business failure, appointment of a receiver of any part of the property of the Debtor, assignment for the benefit of creditors by, or the commencement of any proceedings under any bankruptcy or insolvency laws by the Debtor or the commencement of any bankruptcy proceeding against Debtor which is not dismissed within sixty (60) days.
