Dissolution or Insolvency. Upon any dissolution, winding up, liquidation or reorganization of any Intercompany Obligor, whether in bankruptcy, insolvency, reorganization, arrangement or receivership proceedings or otherwise, or upon any assignment for the benefit of creditors or any other marshalling of the assets and liabilities of any Intercompany Obligor, or otherwise:
Dissolution or Insolvency. Each Subordinated Creditor agrees that upon any distribution of the assets of any Loan Party or upon any dissolution, winding up, liquidation or reorganization of any Loan Party, whether in bankruptcy, insolvency, reorganization, arrangement or receivership proceedings or otherwise, or upon any assignment for the benefit of creditors or any other marshaling of the assets and liabilities of any Loan Party:
Dissolution or Insolvency. The dissolution or termination of Borrower's existence as a going business or 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. Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral securing the loan. This includes a garnishment of any of Borrower's accounts. However, this Event of Default shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute.
Dissolution or Insolvency. Parent agrees that upon any distribution of the assets of Wireless or upon any dissolution, winding up, liquidation or reorganization of Wireless, whether in bankruptcy, insolvency, reorganization, arrangement or receivership proceedings or otherwise, or upon any assignment for the benefit of creditors or any other marshaling of the assets and liabilities of Wireless:
Dissolution or Insolvency. The dissolution or any other termination of Borrower's existence as a going business or the insolvency of Borrower, or the appointment of a receiver for all of Borrower's property, or any assignment for the benefit of creditors or the commencement of any proceeding under any bankruptcy or insolvency law with respect to Borrower.
Dissolution or Insolvency. The dissolution or the insolvency of Xxxxxxxx, the appointment of a receiver for any part of 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 Xxxxxxxx.
Dissolution or Insolvency. The dissolution or termination of Borrower's existence as a going business, the insolvency of Borrower, the appointment of a receiver for any part of Borrower's property, any assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.
Dissolution or Insolvency. The dissolution, liquidation, termination of existence, or admission in writing of insolvency (defined as the Company generally not paying its debts as they become due, excluding its 45% subordinated notes due October 1, 19--, and its 1989-A Series Preferred Stock, par value $1.00 per share, redeemable on October 1, 19--) of, or the making of an assignment for the benefit of creditors, by the Company or the Broker;
Dissolution or Insolvency. The dissolution of Borrower or either Guarantor (regardless of whether election to continue is made) or any other termination of Borrower’s or either Guarantor’s existence as a going business, the insolvency of Borrower or either Guarantor, the appointment of a receiver for any part of Borrower’s or either Guarantor’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 or either Guarantor.
Dissolution or Insolvency. The dissolution of any of the Grantors (regardless of whether election to continue is made) or any other termination of any of the Grantors’ existence as a going business or the death of any member, the insolvency of any of the Grantors, the appointment of a receiver for any part of any of the Grantors’ 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 Grantors. With respect to any involuntary bankruptcy action against the Grantors, the Grantors shall have a period of sixty (60) days to cure or effect the rescinding of the involuntary bankruptcy petition. Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of any of the Grantors or by any governmental agency against any collateral securing the Indebtedness. This includes a garnishment of any of the Grantors’ accounts, including deposit accounts, with Lender. However, this Event of Default shall not apply if there is a good faith dispute by Grantors as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and if Grantors give Lender written notice of the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute.
