Common use of Involuntary Bankruptcy Event Clause in Contracts

Involuntary Bankruptcy Event. A proceeding or case shall be commenced, without the application or consent of any LEAF Party, in any court of competent jurisdiction, seeking (i) its reorganization, liquidation, dissolution, arrangement or winding-up, or the composition or readjustment of its debts, (ii) the appointment of a receiver, custodian, trustee, examiner, liquidator or the like of any LEAF Party, the Collateral or any substantial part of any LEAF Party's property, or (iii) similar relief in respect of any LEAF Party under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue undismissed; the Collateral or any other assets of any LEAF Party are attached, seized, levied upon or subjected to a writ or distress warrant, or come within the possession of any receiver, trustee, custodian or assignee for the benefit of such LEAF Party, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue unstayed and in effect, for a period of 60 or more days; or an order for relief against any LEAF Party shall be entered in an involuntary case under the Bankruptcy Code; any LEAF Party shall have concealed, removed or permitted to be concealed or removed any part of its property with intent to hinder, delay or defraud its creditors or made or suffered a transfer of any of its property which is fraudulent under any bankruptcy, fraudulent conveyance or other similar law; or

Involuntary Bankruptcy Event. A proceeding or case shall be commenced, without the application or consent of any LEAF Party, in any court of competent jurisdiction, seeking (i) its reorganization, liquidation, dissolution, arrangement or winding-up, or the composition or readjustment of its debts, (ii) the appointment of a receiver, custodian, trustee, examiner, liquidator or the like of any LEAF Party, the Collateral or any substantial part of any LEAF Party's ’s property, or (iii) similar relief in respect of any LEAF Party under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue undismissed; the Collateral or any other assets of any LEAF Party are attached, seized, levied upon or subjected to a writ or distress warrant, or come within the possession of any receiver, trustee, custodian or assignee for the benefit of such LEAF Party, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue unstayed and in effect, for a period of 60 or more days; or an order for relief against any LEAF Party shall be entered in an involuntary case under the Bankruptcy Code; any LEAF Party shall have concealed, removed or permitted to be concealed or removed any part of its property with intent to hinder, delay or defraud its creditors or made or suffered a transfer of any of its property which is fraudulent under any bankruptcy, fraudulent conveyance or other similar law; or

Involuntary Bankruptcy Event. A proceeding or case shall be ---------------------------- commenced, without the application or consent of any LEAF TFC Party, in any court of competent jurisdiction, seeking (i) its reorganization, liquidation, dissolution, arrangement or winding-up, or the composition or readjustment of its debts, (ii) the appointment of a receiver, custodian, trustee, examiner, liquidator or the like of any LEAF TFC Party, the Collateral or any substantial part of any LEAF TFC Party's property, or (iii) similar relief in respect of any LEAF TFC Party under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue undismissed; the Collateral or any other assets of any LEAF TFC Party are attached, seized, levied upon or subjected to a writ or distress warrant, or come within the possession of any receiver, trustee, custodian or assignee for the benefit of such LEAF TFC Party, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue unstayed and in effect, for a period of 60 or more days; or an order for relief against any LEAF TFC Party shall be entered in an involuntary case under the Bankruptcy Code; any LEAF TFC Party shall have concealed, removed or permitted to be concealed or removed any part of its property with intent to hinder, delay or defraud its creditors or made or suffered a transfer of any of its property which is fraudulent under any bankruptcy, fraudulent conveyance or other similar law; or

Involuntary Bankruptcy Event. A proceeding or case shall be commenced, without the application or consent of any LEAF TFC Party, in any court of competent jurisdiction, seeking (i) its reorganization, liquidation, dissolution, arrangement or winding-up, or the composition or readjustment of its debts, (ii) the appointment of a receiver, custodian, trustee, examiner, liquidator or the like of any LEAF TFC Party, the Collateral or any substantial part of any LEAF TFC Party's property, or (iii) similar relief in respect of any LEAF TFC Party under any law relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment of debts, and such proceeding or case shall continue undismissed; the Collateral or any other assets of any LEAF TFC Party are attached, seized, levied upon or subjected to a writ or distress warrant, or come within the possession of any receiver, trustee, custodian or assignee for the benefit of such LEAF TFC Party, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue unstayed and in effect, for a period of 60 or more days; or an order for relief against any LEAF TFC Party shall be entered in an involuntary case under the Bankruptcy Code; any LEAF TFC Party shall have concealed, removed or permitted to be concealed or removed any part of its property with intent to hinder, delay or defraud its creditors or made or suffered a transfer of any of its property which is fraudulent under any bankruptcy, fraudulent conveyance or other similar law; or