We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Insolvency of Borrower Clause in Contracts

Insolvency of Borrower. If (i) a petition is filed by or against Borrower under the federal bankruptcy laws or any other applicable federal or state bankruptcy, insolvency or similar law; (ii) a receiver, liquidator, trustee, custodian, sequestrator, or other similar official is appointed to take possession of Borrower, the Collateral, or any material part of Borrower’s other assets, or Borrower consents to such appointment; (

Appears in 5 contracts

Samples: Loan Agreement (PJT Partners Inc.), Loan Agreement (PJT Partners Inc.), Loan Agreement (PJT Partners Inc.)

Insolvency of Borrower. If (i) a petition is filed by or against Borrower under the federal bankruptcy laws or any other applicable federal or state bankruptcy, insolvency or similar law; (ii) a receiver, liquidator, trustee, custodian, sequestrator, or other similar official is appointed to take possession of Borrower, the Collateral, or any material part of Borrower’s 's other assets, or Borrower consents to such appointment; (;

Appears in 4 contracts

Samples: Loan Agreement (Ascendant Solutions Inc), Loan Agreement (Ascendant Solutions Inc), Loan Agreement (Greenhill & Co Inc)