Common use of Insolvency and Receivership Clause in Contracts

Insolvency and Receivership. Either the appointment of a receiver to take possession of all, or substantially all, of the assets of Tenant or a general assignment by Tenant for the benefit of creditors, or any action taken or suffered by Tenant under any insolvency or bankruptcy act, shall constitute a breach of this Lease by Tenant.

Appears in 12 contracts

Samples: Lease (Truett-Hurst, Inc.), Lease (Truett-Hurst, Inc.), Lease (Truett-Hurst, Inc.)

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