Common use of FINANCIAL EVENTS Clause in Contracts

FINANCIAL EVENTS. (i) Borrower makes a general assignment for the benefit of the Borrower's creditors; or (ii) Borrower loses the right to do business, by forfeiture or otherwise; or (iii) A receiver or receivers of any kind whatsoever, whether appointed or not, in admiralty, bankruptcy law, common law, or equity proceedings, and whether temporary or permanent, shall be appointed for all property of the Borrower; or (iv) PETITION OR OTHER PROCEEDING OR ACTION IN BANKRUPTCY, regarding the Borrower, is filed by the Borrower or by creditors of the Borrower; or

Appears in 3 contracts

Samples: Financial Agreement (Omega Protein Corp), Financial Agreement (Omega Protein Corp), Financial Agreement (Omega Protein Corp)

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FINANCIAL EVENTS. (i) Borrower makes a general assignment for the benefit of the Borrower's creditors; or (ii) Borrower loses the right to do business, by forfeiture or otherwise; or (iii) A receiver or receivers of any kind whatsoever, whether appointed or not, in admiralty, bankruptcy lawbankruptcy, common law, or equity proceedings, and whether temporary or permanent, shall be appointed for all property of the Borrower; or (iv) A PETITION OR OTHER PROCEEDING OR ACTION IN BANKRUPTCY, regarding the Borrower, is filed by the Borrower or by creditors of the Borrower; or

Appears in 1 contract

Samples: Title Xi Financial Agreement (Omega Protein Corp)

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