Insolvency and Related Proceedings. Borrowers, or any of them, 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 Borrowers, any Subsidiary of Borrowers or any Guarantor under the Bankruptcy Code (if against Borrowers, any Subsidiary of Borrowers or any Guarantor, the continuation of such proceeding for more than sixty (60) days), or Borrowers or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.
Appears in 2 contracts
Samples: And Consolidated Loan and Security Agreement (Eagle Supply Group Inc), Loan and Security Agreement (Eagle Supply Group Inc)
Insolvency and Related Proceedings. Borrowers, or any of them, 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 BorrowersBorrower, any Subsidiary of Borrowers Borrower or any Guarantor under the Bankruptcy Code (if against BorrowersBorrower, any Subsidiary of Borrowers Borrower or any Guarantor, the continuation of such proceeding for more than sixty (60) days), or Borrowers Borrower or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.
Appears in 2 contracts
Samples: Loan and Security Agreement (Eagle Supply Group Inc), Loan and Security Agreement (Eagle Supply Group Inc)
Insolvency and Related Proceedings. BorrowersBorrower, or any Subsidiary of them, 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 BorrowersBorrower, any Subsidiary of Borrowers Borrower or any Guarantor under the Bankruptcy Code (if against BorrowersBorrower, any Subsidiary of Borrowers Borrower or any Guarantor, the continuation of such proceeding for more than sixty (60) 60 days), or Borrowers Borrower, any Subsidiary of Borrower or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.
Appears in 1 contract
Samples: Loan and Security Agreement (KVH Industries Inc \De\)
Insolvency and Related Proceedings. BorrowersAny Borrower, or any of them, ---------------------------------- Subsidiary 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 Borrowersany Borrower, any Subsidiary of Borrowers or any Guarantor under the Bankruptcy Code applicable bankruptcy laws (if an involuntary proceeding against Borrowersany Borrower, any Subsidiary of Borrowers or any Guarantor, Guarantor the continuation of such proceeding for more than sixty (60) days), or Borrowers any Borrower, any Subsidiary or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.
Appears in 1 contract
Samples: Loan and Security Agreement (Falcon Products Inc /De/)
Insolvency and Related Proceedings. Borrowers, A Borrower or any of themits ---------------------------------- Subsidiaries, or any Guarantor if any, 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 Borrowers, any Subsidiary of Borrowers a Borrower or any Guarantor of its Subsidiaries, if any, under the Bankruptcy Code (if against Borrowers, any a Borrower or such Subsidiary of Borrowers or any Guarantor, the continuation of such proceeding for more than sixty (60) 30 days), or Borrowers a Borrower or any Guarantor of its Subsidiaries, if any, shall make any offer of settlement, extension or composition to their respective its unsecured creditors generally.
Appears in 1 contract
Samples: Loan and Security Agreement (Restoration Hardware Inc)
Insolvency and Related Proceedings. BorrowersAny Borrower, or ---------------------------------- any of them, Subsidiary 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 Borrowersany Borrower, any Subsidiary of Borrowers or any Guarantor under the Bankruptcy Code applicable bankruptcy laws (if an involuntary proceeding against Borrowersany Borrower, any Subsidiary of Borrowers or any Guarantor, Guarantor the continuation of such proceeding for more than sixty (60) days), or Borrowers any Borrower, any Subsidiary or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.
Appears in 1 contract
Samples: Loan and Security Agreement (Falcon Products Inc /De/)