Common use of Involuntary Bankruptcy; Appointment of Receiver, Etc Clause in Contracts

Involuntary Bankruptcy; Appointment of Receiver, Etc. Without the application, approval or consent of the Borrower or any of its Major Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for the Borrower or any of its Major Subsidiaries or any Substantial Portion of its Property, or a proceeding described in Section 7.05(d) shall be instituted against the Borrower or any of its Major Subsidiaries, and such appointment continues undischarged, or such proceeding continues undismissed or unstayed, in each case, for a period of sixty (60) consecutive days.

Appears in 46 contracts

Samples: Amendment No. 4 (RXO, Inc.), Term Loan Credit Agreement (GXO Logistics, Inc.), Credit Agreement (GXO Logistics, Inc.)

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Involuntary Bankruptcy; Appointment of Receiver, Etc. Without the application, approval or consent of the Borrower Company or any of its Major Material Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for the Borrower Company or any of its Major Subsidiaries or any Substantial Portion of its Property, or a proceeding described in Section 7.05(d7.6(iv) shall be instituted against the Borrower Company or any of its Major Subsidiaries, Material Subsidiaries and such appointment continues undischarged, undischarged or such proceeding continues undismissed or unstayed, in each case, unstayed for a period of sixty (60) consecutive days.

Appears in 10 contracts

Samples: Credit Agreement (Acuity Brands Inc), Credit Agreement (Acuity Brands Inc), Credit Agreement (Acuity Brands Inc)

Involuntary Bankruptcy; Appointment of Receiver, Etc. Without the application, approval or consent of the Borrower or any of its Major Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for the Borrower or any of its Major Subsidiaries or any Substantial Portion of its Property, or a proceeding described in Section 7.05(d7.6(iv) shall be instituted against the Borrower or any of its Major Subsidiaries, Subsidiaries and such appointment continues undischarged, undischarged or such proceeding continues undismissed or unstayed, in each case, unstayed for a period of sixty (60) consecutive days.

Appears in 2 contracts

Samples: Credit Agreement (Insurance Auto Auctions Inc /Ca), Credit Agreement (Insurance Auto Auctions Inc /Ca)

Involuntary Bankruptcy; Appointment of Receiver, Etc. Without the application, approval or consent of the Borrower or any of its Major Material Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for the Borrower or any of its Major Material Subsidiaries or any Substantial Portion of its Property, or a proceeding described in Section 7.05(d7.6(d) shall be instituted against the Borrower or any of its Major Material Subsidiaries, and such appointment continues undischarged, or such proceeding continues undismissed or unstayed, in each case, for a period of sixty (60) consecutive days.

Appears in 1 contract

Samples: 364 Day Bridge Term Loan Agreement (Walgreen Co)

Involuntary Bankruptcy; Appointment of Receiver, Etc. Without the ---------------------------------------------------- application, approval or consent of the Borrower or any of its Major Significant Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for the Borrower or any of its Major Subsidiaries or any Substantial Portion of its PropertySignificant Subsidiaries, or a proceeding described in Section 7.05(d7.6(iv) shall be instituted against the --------------- Borrower or any of its Major Subsidiaries, Significant Subsidiaries and such appointment continues undischarged, undischarged or such proceeding continues undismissed or unstayed, in each case, unstayed for a period of sixty (60) consecutive days.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Mead Corp)

Involuntary Bankruptcy; Appointment of Receiver, Etc. Without the application, approval or consent of the Borrower Company or any of its Major Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for the Borrower Company or any of its Major Subsidiaries or any Substantial Portion of its Property, or a proceeding described in Section 7.05(d) shall be instituted against the Borrower Company or any of its Major Subsidiaries, and such appointment continues undischarged, or such proceeding continues undismissed or unstayed, in each case, for a period of sixty (60) consecutive days.

Appears in 1 contract

Samples: Credit Agreement (Salesforce, Inc.)

Involuntary Bankruptcy; Appointment of Receiver, Etc. Without the application, approval or consent of the Borrower or any of its Major Material Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for the Borrower or any of its Major Material Subsidiaries or any Substantial Portion of its Property, or a proceeding described in Section 7.05(d) shall be instituted against the Borrower or any of its Major Material Subsidiaries, and such appointment continues undischarged, or such proceeding continues undismissed un-dismissed or unstayed, in each case, for a period of sixty (60) consecutive days.

Appears in 1 contract

Samples: Credit Agreement (Walgreen Co)

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Involuntary Bankruptcy; Appointment of Receiver, Etc. Without the application, approval or consent of the Borrower or any of its Major Material Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for the Borrower or any of its Major Material Subsidiaries or any Substantial Portion of its Property, or a proceeding described in Section 7.05(d) shall be instituted against the Borrower or any of its Major Material Subsidiaries, and such appointment continues undischarged, or such proceeding continues undismissed or unstayed, in each case, for a period of sixty (60) consecutive days.

Appears in 1 contract

Samples: Credit Agreement (Walgreen Co)

Involuntary Bankruptcy; Appointment of Receiver, Etc. Without the ---------------------------------------------------- application, approval or consent of the Borrower or any of its Major Significant Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for the Borrower or any of its Major Subsidiaries or any Substantial Portion of its PropertySignificant Subsidiaries, or a proceeding described in Section 7.05(d7.6(iv) shall be instituted against the Borrower --------------- or any of its Major Subsidiaries, Significant Subsidiaries and such appointment continues undischarged, undischarged or such proceeding continues undismissed or unstayed, in each case, unstayed for a period of sixty (60) consecutive days.

Appears in 1 contract

Samples: 5 Year Revolving Credit Agreement (Mead Corp)

Involuntary Bankruptcy; Appointment of Receiver, Etc. Without the application, approval or consent of the Borrower or any of its Major Subsidiaries, a receiver, trustee, custodian, examiner, liquidator or similar official shall be appointed for the Borrower or any of its Major Subsidiaries or any Substantial Portion of its Property, or a proceeding described in Section ‎Section 7.05(d) shall be instituted against the Borrower or any of its Major Subsidiaries, and such appointment continues undischarged, or such proceeding continues undismissed or unstayed, in each case, for a period of sixty (60) consecutive days.

Appears in 1 contract

Samples: Revolving Credit Agreement (Walgreens Boots Alliance, Inc.)

Involuntary Bankruptcy; Appointment of Receiver, Etc. Without the application, approval or consent of the Borrower or any of its Major Subsidiaries, a receiver, trustee, custodian, SIDLEY XXXXXX XXXXX & XXXX LLP examiner, liquidator or similar official shall be appointed for the Borrower or any of its Major Subsidiaries or any Substantial Portion of its Property, or a proceeding described in Section 7.05(d7.6(iv) shall be instituted against the Borrower or any of its Major Subsidiaries, Subsidiaries and such appointment continues undischarged, undischarged or such proceeding continues undismissed or unstayed, in each case, unstayed for a period of sixty (60) consecutive days.

Appears in 1 contract

Samples: Credit Agreement (Argonaut Group Inc)

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