Event of Insolvency. Neither Seller nor any of its Affiliates or Subsidiaries, shall take any corporate action in furtherance of, or any action which would result in any an Event of Insolvency.
Event of Insolvency. An Event of Insolvency shall have occurred with respect to a Seller Party or any Affiliate.
Event of Insolvency. Event of Insolvency" means (a) the filing of a voluntary petition by Consultant under the Federal Bankruptcy Code or any similar state or federal law; or (b) the filing of an involuntary petition against Consultant under the Federal Bankruptcy Code or any similar state or federal law which remains undismissed for a period of forty-five (45) days; or (c) Consultant's making of an assignment for the benefit of creditors; or (d) the appointment of a receiver for Consultant or for the property or assets of Consultant, if such appointment is not vacated within forty-five (45) days thereafter; or (e) any other proceeding under any bankruptcy or insolvency law or liquidation law, voluntary or otherwise.
Event of Insolvency. The Licensee commits an Event of Insolvency.
Event of Insolvency. An Event of Insolvency shall have occurred with respect to the Borrower.
Event of Insolvency. Event of Insolvency" shall mean that, with respect to an entity, such entity shall (a) become insolvent, (b) make a general assignment for the benefit of creditors or to an agent authorized to liquidate any substantial amount of its assets, (c) become the subject of an "order for relief" within the meaning of the United States Bankruptcy Code, (d) file a petition in bankruptcy or for reorganization or to effect a plan or other arrangement with creditors, (e) file an answer to a creditor's petition, admitting the material allegations thereof, for involuntary bankruptcy or for reorganization or to effect a plan or other arrangement with creditors, (f) apply to a court for the appointment of a receiver or custodian for any of its assets or properties, with or without consent, and such receiver shall not be discharged within sixty (60) days after appointment, or (g) adopt a plan of complete liquidation of its assets.
Event of Insolvency. An Event of Insolvency shall have occurred with respect to the Authority or the City. WFB San Xxxx RCA 43 4839-9346-9004.11
Event of Insolvency. Bankruptcy - The occurrence or threat of any one of the following events:
