Insolvency and Bankruptcy. The Grantor ceases to carry on its enterprise or an important part thereof, becomes insolvent or becomes subject to proceedings, makes an assignment or files a notice to file a proposal under any law relating to insolvency, bankruptcy, reorganization or to arrangements with creditors or any petition in bankruptcy is taken against the Grantor.
Appears in 4 contracts
Samples: Deed of Hypothec (SLM International Inc /De), Deed of Hypothec (SLM International Inc /De), Deed of Hypothec (SLM International Inc /De)