INSOLVENCY; RECEIVER OR TRUSTEE. Borrower shall become insolvent; or admit its inability to pay its debts as they mature; or make an assignment for the benefit of creditors; or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business.
INSOLVENCY; RECEIVER OR TRUSTEE. The Borrower, any guarantor of the indebtedness of the Borrower to the Bank or general partner of the Borrower shall become insolvent; or admit its inability to pay its debts as they mature, or make an assignment for the benefit of creditors; or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business.
INSOLVENCY; RECEIVER OR TRUSTEE. Borrower shall become insolvent; or admits its inability to pay its debts as the mature; or make an assignment for the benefit of creditors; or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business.
INSOLVENCY; RECEIVER OR TRUSTEE. Borrower shall become insolvent; or admit its inability to pay its debts as they mature; or make an assignment for the benefit of creditors; or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business. 5. Judgments, Attachments. Any money judgment, writ or warrant of attachment, or similar process shall be entered or filed against Borrower or any of its assets and shall remain unvacated unbonded or unstayed for a period of 10 days or in any event later than five days prior to the date of any proposed sale thereunder. 6.
INSOLVENCY; RECEIVER OR TRUSTEE. The making by any Credit Party of an assignment for the benefit of creditors; or the making by any Credit Party of an offer of settlement, composition or extension to the claims of all or substantially all of a Credit Party’s creditors or the application for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or the appointment otherwise of such a receiver or trustee or a committee of the Maker’s creditors.
INSOLVENCY; RECEIVER OR TRUSTEE. If any of the following events occur and remain uncured or undismissed for sixty days after the occurrence of such event: (i) Borrower becomes insolvent or admits in writing its inability to pay its debts as they mature; (ii) Borrower makes an assignment for the benefit of creditors; or (iii) Borrower applies for or consents to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee otherwise shall be appointed.
INSOLVENCY; RECEIVER OR TRUSTEE. The Borrower or the Company becomes insolvent, admits in writing its inability to pay its debts as they mature or become due, makes any assignment for the benefit of its creditors seeks relief under any moratorium or reorganization statute, or applies for or consents to the appointment of or the taking of possession by a liquidator, custodian, receiver, receiver-manager, assignee, sequestrator, trustee or similar official for it or for a substantial part of its properties, assets or businesses, or such a liquidator, custodian, receiver, receiver-manager, assignee, sequestrator or trustee or similar official otherwise is appointed and is not discharged within 20 days after such appointment unless the relevant company is in good faith contesting such appointment.
INSOLVENCY; RECEIVER OR TRUSTEE. Either Borrower shall become insolvent; or shall be unable to or admit in writing its or their inability to pay its or their debts as they mature; or make an assignment for the benefit of creditors or to an agent authorized to liquidate any substantial amount of its or their properties or assets; or apply for or consent to the appointment of a receiver or trustee for it or them or for a substantial part of its or their property or business, or if such a receiver or trustee otherwise shall be appointed and shall not be discharged within sixty (60) days after such appointment.
INSOLVENCY; RECEIVER OR TRUSTEE. Any Co-Borrower shall become insolvent; or admit its inability to pay its debts as they mature; or make an assignment for the benefit of creditors; or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business.
INSOLVENCY; RECEIVER OR TRUSTEE. Either Borrower shall become insolvent; or shall be unable to or admit in writing its or their inability to pay its or their debts as they mature; or make an assignment for the benefit of creditors or to an agent authorized to liquidate any substantial amount of its or their properties or assets; or apply for or consent to the appointment of a receiver or trustee for it or them or for a substantial part of its or their property or business, or if such a receiver or trustee otherwise shall be appointed and shall not be discharged within sixty (60) days after such appointment. 9.5 Judgments; Attachments. Any judgment, writ or warrant of attachment, reference proceeding award, or similar process shall be entered or filed against a Borrower or any material portion of a Borrower’s assets, or a Borrower enters into any settlement agreements with respect to any litigation or reference proceeding, in each of the foregoing events in an aggregate amount of greater than Two Hundred Fifty Thousand Dollars ($250,000.00) which shall remain unvacated, unbonded or unstayed for a period of thirty (30) days or in any event later than five (5) days prior to the date of any proposed sale thereunder. 35 9.6
