Common use of Insolvency and Related Proceedings Clause in Contracts

Insolvency and Related Proceedings. Any Borrower, any Subsidiary of any Borrower or Parent shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against any Borrower, any Subsidiary of any Borrower or Parent under U.S. federal bankruptcy laws (if against any Borrower, any Subsidiary of any Borrower or Parent the continuation of such proceeding for more than 30 days), or any Borrower, any Subsidiary of any Borrower or Parent shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.

Insolvency and Related Proceedings. Any A Borrower, any Subsidiary of Borrowers or any Borrower or Parent Guarantor shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against any Borrower, any Subsidiary of Borrowers or any Borrower or Parent Guarantor under U.S. the federal bankruptcy laws (if against any Borrower, any Subsidiary of Borrowers or any Borrower or Parent Guarantor the continuation of such proceeding for more than 30 days), or any Borrower, any Subsidiary of Borrowers or any Borrower or Parent Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.

Insolvency and Related Proceedings. Any Borrower, any Subsidiary of any Borrower or Parent any Guarantor shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against any Borrower, any Subsidiary of any Borrower or Parent any Guarantor under U.S. the federal bankruptcy laws (if against any Borrower, any Subsidiary of any Borrower or Parent any Guarantor the continuation of such proceeding for more than 30 days), or any Borrower, any Subsidiary of any Borrower or Parent any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.

Insolvency and Related Proceedings. Any Borrower, any Guarantor or ---------------------------------- any Material Subsidiary of any Borrower or Parent shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against any Borrower, any Guarantor or any Material Subsidiary of any Borrower or Parent under U.S. the federal bankruptcy laws (if against any the Borrower, any Subsidiary of Guarantor or any Borrower or Parent Material Subsidiary, the continuation of such proceeding for more than 30 60 days), or any Borrower, any Guarantor or any Material Subsidiary of any Borrower or Parent shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.

Insolvency and Related Proceedings. Any Borrower, ---------------------------------- any Subsidiary of or any Borrower or Parent Guarantor shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against any Borrower, any Subsidiary of or any Borrower or Parent Guarantor under U.S. federal applicable bankruptcy laws (if an involuntary proceeding against any Borrower, any Subsidiary of or any Borrower or Parent Guarantor the continuation of such proceeding for more than 30 sixty (60) days), or any Borrower, any Subsidiary of or any Borrower or Parent Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.

Insolvency and Related Proceedings. Any Borrower, any Subsidiary of any Borrower or Parent any Guarantor shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against any Borrower, any Subsidiary of any Borrower or Parent any Guarantor under U.S. federal bankruptcy laws the Bankruptcy Code (if against any Borrower, any Subsidiary of any Borrower or Parent any Guarantor, the continuation of such proceeding for more than 30 60 days), or any Borrower, any Subsidiary of any Borrower or Parent any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.

Insolvency and Related Proceedings. Any Borrower, any ---------------------------------- Subsidiary of or any Borrower or Parent Guarantor shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against any Borrower, any Subsidiary of or any Borrower or Parent Guarantor under U.S. federal applicable bankruptcy laws (if an involuntary proceeding against any Borrower, any Subsidiary of or any Borrower or Parent Guarantor the continuation of such proceeding for more than 30 sixty (60) days), or any Borrower, any Subsidiary of or any Borrower or Parent Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.