INSOLVENCY; RECEIVER OR TRUSTEE. Borrower shall become insolvent or admit in writing 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; or such a receiver or trustee otherwise shall be appointed.
Appears in 4 contracts
Samples: Convertible Debenture (Environmental Control Corp.), Convertible Note (Lincoln Gold Corp), Convertible Debenture (Infotec Business Systems Inc)
INSOLVENCY; RECEIVER OR TRUSTEE. Borrower The Company shall become insolvent or admit in writing 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; or such a receiver or trustee otherwise shall be appointed.
Appears in 2 contracts
Samples: Convertible Secured Debenture Agreement (Moventis Capital, Inc.), Convertible Secured Debenture (Moventis Capital, Inc.)
INSOLVENCY; RECEIVER OR TRUSTEE. Borrower shall become insolvent insolvent; or admit in writing its inability to pay its debts as they mature; or make an assignment for the benefit of creditors; or apply for or for, consent to or acquiesce in the appointment of a receiver trustee, receiver, liquidator, conservator or trustee custodian for it or for a substantial part of its property or business; or such a receiver or trustee otherwise shall be appointed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Roxio Inc), Loan and Security Agreement (Probusiness Services Inc)
INSOLVENCY; RECEIVER OR TRUSTEE. The Borrower, any guarantor of the indebtedness of the Borrower or any shall become insolvent insolvent; or admit in writing its inability to pay its debts as they mature; or make an assignment for the benefit of creditors; 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; or such a receiver or trustee otherwise shall be appointed.
Appears in 1 contract
Samples: Business Line Credit Agreement (Top Tier Software Inc)
INSOLVENCY; RECEIVER OR TRUSTEE. Borrower shall become insolvent or admit in writing 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; or such a receiver or trustee otherwise shall be appointed.
Appears in 1 contract
INSOLVENCY; RECEIVER OR TRUSTEE. Borrower or any Subsidiary shall become insolvent insolvent; or admit in writing its the 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 their property or business; or such a receiver or trustee otherwise shall be appointed.
Appears in 1 contract
Samples: Loan Agreement (Premier Power Renewable Energy, Inc.)
INSOLVENCY; RECEIVER OR TRUSTEE. Borrower shall become insolvent insolvent; or admit in writing its inability to pay its is 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; or such a receiver or trustee otherwise shall be appointed.
Appears in 1 contract
Samples: Credit Agreement (Easyriders Inc)
INSOLVENCY; RECEIVER OR TRUSTEE. Borrower shall become insolvent insolvent; or admit in writing ------------------------------- 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; or such a receiver or trustee otherwise shall be appointed.
Appears in 1 contract
Samples: Credit Terms and Conditions (Anchor Pacific Underwriters Inc)
