Common use of Insolvency or Bankruptcy Clause in Contracts

Insolvency or Bankruptcy. If a Borrower becomes insolvent, or if an Insolvency Proceeding is commenced by a Borrower, or if an Insolvency Proceeding is commenced against a Borrower and is not dismissed or stayed within thirty (30) days (provided that no Credit Extensions will be made prior to the dismissal of such Insolvency Proceeding);

Appears in 4 contracts

Samples: Letter of Credit Agreement (Internet Capital Group Inc), Loan Agreement (Safeguard Scientifics Inc), Loan Agreement (Safeguard Scientifics Inc Et Al)

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Insolvency or Bankruptcy. If a Borrower becomes insolvent, or if an Insolvency Proceeding is commenced by a Borrower, or if an Insolvency Proceeding is commenced against a Borrower and is not dismissed or stayed within thirty forty-five (3045) days (provided that no Credit Extensions will be made prior to the dismissal of such Insolvency Proceeding)days;

Appears in 2 contracts

Samples: Loan Agreement (TILT Holdings Inc.), Loan Agreement (TILT Holdings Inc.)

Insolvency or Bankruptcy. If a Borrower becomes insolvent, or if an Insolvency Proceeding is commenced by a Borrower, or if an Insolvency Proceeding is commenced against a Borrower and is not dismissed or stayed within thirty forty-five (3045) days (provided that no Credit Extensions will be made prior to the dismissal of such Insolvency Proceeding);

Appears in 2 contracts

Samples: Loan Agreement (Fifth Street Senior Floating Rate Corp.), Loan and Security Agreement (CION Investment Corp)

Insolvency or Bankruptcy. If a Borrower becomes insolvent, or if an Insolvency Proceeding is commenced by a Borrower, or if an Insolvency Proceeding is commenced against a Borrower and is not dismissed or stayed within thirty (30) days (provided that no Credit Extensions will be made prior to the dismissal of such Insolvency Proceeding);

Appears in 2 contracts

Samples: Loan and Security Agreement (SCP Private Credit Income BDC LLC), Loan and Security Agreement (Safeguard Scientifics Inc Et Al)

Insolvency or Bankruptcy. If a Borrower or General Partner becomes insolvent, or if an Insolvency Proceeding is commenced by a BorrowerBorrower or General Partner, or if an Insolvency Proceeding is commenced against a Borrower or General Partner and is not dismissed or stayed within thirty forty-five (3045) days (provided that no Credit Extensions Advances will be made prior to the dismissal of such Insolvency Proceeding);

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement

Insolvency or Bankruptcy. If a Borrower becomes insolvent, or if an Insolvency Proceeding is commenced by a Borrower, or if an Insolvency Proceeding is commenced against a Borrower and is not dismissed or stayed within thirty sixty (3060) days (provided that no Credit Extensions will be made prior to the dismissal of such Insolvency Proceeding);

Appears in 2 contracts

Samples: Loan and Security Agreement (Oaktree Strategic Income II, Inc.), Loan and Security Agreement (Oaktree Strategic Income II, Inc.)

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Insolvency or Bankruptcy. If a Borrower or Advisor becomes insolvent, or if an Insolvency Proceeding is commenced by a BorrowerBorrower or Advisor, or if an Insolvency Proceeding is commenced against a Borrower or Advisor and is not dismissed or stayed within thirty ninety (3090) days (provided that no Credit Extensions will be made prior to the dismissal of such Insolvency Proceeding);

Appears in 1 contract

Samples: Loan and Security Agreement (Star Mountain Lower Middle-Market Capital Corp)

Insolvency or Bankruptcy. If a Borrower Borrower, becomes insolvent, or if an Insolvency Proceeding is commenced by a Borrower, or if an Insolvency Proceeding is commenced against a Borrower and is not dismissed or stayed within thirty forty-five (3045) days (provided that no Credit Extensions will be made prior to the dismissal of such Insolvency Proceeding);

Appears in 1 contract

Samples: Loan and Security Agreement (GSV Capital Corp.)

Insolvency or Bankruptcy. If a Borrower becomes insolvent, or if an Insolvency Proceeding is commenced by a Borrower, or if an Insolvency Proceeding is commenced against a Borrower and is not dismissed or stayed within thirty forty five (3045) days (provided that no Credit Extensions will be made prior to the dismissal of such Insolvency Proceeding);

Appears in 1 contract

Samples: Loan and Security Agreement (CNL Strategic Capital, LLC)

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