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.
Appears in 2 contracts
Samples: Advantage Business Credit Line/Loan Agreement (Advanced Media Inc), Advantage Business Credit Line/Loan Agreement (Advanced Media Inc)
INSOLVENCY; RECEIVER OR TRUSTEE. The Borrower, any guarantor of or 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.business?-?-?
Appears in 1 contract
Samples: Business Loan Agreement (Medical Science Systems Inc)
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.
Appears in 1 contract
Samples: Business Loan Agreement (Medical Science Systems Inc)
INSOLVENCY; RECEIVER OR TRUSTEE. The Borrower, any guarantor of the indebtedness of the Borrower to the Bank or general partner of the Borrower Guarantor 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.
Appears in 1 contract
INSOLVENCY; RECEIVER OR TRUSTEE. The Borrower, any guarantor of the indebtedness 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.
Appears in 1 contract
Samples: Business Loan Agreement (Medical Science Systems Inc)
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 of business.
Appears in 1 contract
Samples: Business Line of Credit Agreement (Pacific Softworks Inc)
