Common use of Involuntary Bankruptcy; Appointment of Custodian, etc Clause in Contracts

Involuntary Bankruptcy; Appointment of Custodian, etc. A court of competent jurisdiction enters a Bankruptcy Order under any Bankruptcy Law that: (A) is for relief against the Company or any Material Subsidiary in an involuntary case or proceeding, or (B) appoints a Custodian of the Company or any Material Subsidiary for all or substantially all of its properties, or (C) orders the liquidation of the Company or any Material Subsidiary, and in each case the order or decree remains unstayed and in effect for 60 days.

Appears in 4 contracts

Samples: Senior Subordinated Credit Agreement (T Sf Communications Corp), Senior Secured Credit Agreement (Cityscape Financial Corp), Senior Subordinated Credit Agreement (Galey & Lord Inc)

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Involuntary Bankruptcy; Appointment of Custodian, etc. A court of competent jurisdiction enters a Bankruptcy Order under any Bankruptcy Law that: (A) is for relief against the Company Borrower or any Material Subsidiary in an involuntary case or proceeding, or (B) appoints a Custodian of the Company Borrower or any Material Subsidiary for all or substantially all of its properties, or (C) orders the liquidation of the Company Borrower or any Material Subsidiary, and in each case the order or decree remains unstayed and in effect for 60 days.; or

Appears in 2 contracts

Samples: Senior Subordinated Credit Agreement (Primestar Inc), Senior Subordinated Credit Agreement (Primestar Inc)

Involuntary Bankruptcy; Appointment of Custodian, etc. A court of competent jurisdiction enters a Bankruptcy Order order under any Bankruptcy Law that: (A) is for relief against the Company or any Material Subsidiary of its Subsidiaries in an involuntary case or proceeding, or (B) appoints a Custodian of the Company or any Material Subsidiary of its Subsidiaries for all or substantially all of its properties, or (C) orders the liquidation of the Company or any Material Subsidiaryof its Subsidiaries, and in each case the order or decree remains unstayed and in effect for 60 days.; or

Appears in 1 contract

Samples: Credit Agreement (Republic Engineered Steels Inc)

Involuntary Bankruptcy; Appointment of Custodian, etc. A court of competent jurisdiction enters a Bankruptcy Order Order, or an involuntary petition shall be filed, under any Bankruptcy Law that: (Aa) is for relief against the Company Holdings or any Material Subsidiary in an involuntary case or proceeding, or (Bb) appoints a Custodian of the Company Holdings or any Material Subsidiary for all or substantially all of its properties, or (Cc) orders the liquidation of the Company Holdings or any Material Subsidiary, ; and in each case the order or decree remains unstayed and in effect for 60 sixty (60) days.; or

Appears in 1 contract

Samples: Loan Agreement (Elgar Holdings Inc)

Involuntary Bankruptcy; Appointment of Custodian, etc. A court of competent jurisdiction enters a Bankruptcy Order under any Bankruptcy Law that: (A) is for relief against the Company or any Material Subsidiary in an involuntary case or proceeding, or (B) appoints a Custodian of the Company or any Material Subsidiary for all or substantially all of its properties, or (C) orders the liquidation of the Company or any Material Subsidiary, 79 -74- and in each case the order or decree remains unstayed and in effect for 60 days.

Appears in 1 contract

Samples: Senior Credit Agreement (Chancellor Radio Broadcasting Co)

Involuntary Bankruptcy; Appointment of Custodian, etc. A court of competent jurisdiction enters a Bankruptcy Order under any Bankruptcy Law that: (A) is for relief against the Company or any Material Subsidiary in an involuntary case or proceeding, or (B) appoints a Custodian of the Company or any Material Subsidiary for all or substantially all of its properties, or (C) orders the liquidation of the Company or any Material Subsidiary, and in each case the order or decree remains unstayed and in effect for 60 consecutive days.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Ameristar Casinos Inc)

Involuntary Bankruptcy; Appointment of Custodian, etc. A court of competent jurisdiction enters a Bankruptcy Order under any Bankruptcy Law that: (A1) is for relief against the Company or any Material Subsidiary in an involuntary case or proceeding, or (B2) appoints a Custodian of the Company or any Material Subsidiary for all or substantially all of its properties, or (C3) orders the liquidation of the Company or any Material Subsidiary, ; and in each case the order or decree remains unstayed and in effect for 60 sixty (60) days.; or

Appears in 1 contract

Samples: Loan Agreement (Formus Communications Inc)

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Involuntary Bankruptcy; Appointment of Custodian, etc. A court of competent jurisdiction enters a Bankruptcy Order under any Bankruptcy Law that: (A) is for relief against the Company or any Material Subsidiary in an involuntary case or proceeding, oror 91 (B) appoints a Custodian of the Company or any Material Subsidiary for all or substantially all of its properties, or (C) orders the liquidation of the Company or any Material Subsidiary, ; and in each case the order or decree remains unstayed and in effect for 60 days.; or

Appears in 1 contract

Samples: Senior Credit Agreement (Young America Holdings Inc)

Involuntary Bankruptcy; Appointment of Custodian, etc. A court of competent jurisdiction enters a Bankruptcy Order under any Bankruptcy Law that: (A) is for relief against either of the Company Borrowers or any Material Subsidiary of their Subsidiaries in an involuntary case or proceeding, or (B) appoints a Custodian of either of the Company Borrowers or any Material Subsidiary of their Subsidiaries for all or substantially all of its properties, or (C) orders the liquidation of either of the Company Borrowers or any Material Subsidiaryof their Subsidiaries, and in each case the order or decree remains unstayed and in effect for 60 days.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (Advanced Glassfiber Yarus LLC)

Involuntary Bankruptcy; Appointment of Custodian, etc. A court of competent jurisdiction enters a Bankruptcy Order under any Bankruptcy Law that: (A) is for relief against the Company Borrower or any Material Subsidiary of the Borrower in an involuntary case or proceeding, or (B) appoints a Custodian of the Company Borrower or any Material Subsidiary of the Borrower for all or substantially all of its properties, or (C) orders the liquidation of the Company Borrower or any Material SubsidiarySubsidiary of the Borrower, and in each case the order or decree remains unstayed and in effect for 60 days.

Appears in 1 contract

Samples: Senior Subordinated Credit Agreement (BGF Industries Inc)

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