Insolvency and Related Proceedings. Any Borrower, any of its Subsidiaries or 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 of its Subsidiaries or any Guarantor under U.S. federal bankruptcy laws, the Insolvency Laws of Canada or any similar laws (if against any Borrower, any of its Subsidiaries or any Guarantor the continuation of such proceeding for more than 30 days), or any Borrower, any of its Subsidiaries or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.
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Samples: Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De)
Insolvency and Related Proceedings. Any Borrower, any Subsidiary of its Subsidiaries any Borrower or 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 its Subsidiaries any Borrower or any Guarantor under U.S. the United States federal bankruptcy laws, laws or the Insolvency Laws of Canada or any similar laws (if against any Borrower, any Subsidiary of its Subsidiaries any Borrower or any Guarantor the continuation of such proceeding for more than 30 45 days), or any Borrower, any Subsidiary of its Subsidiaries any Borrower or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.
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