Involuntary Bankruptcy Filing Sample Clauses

Involuntary Bankruptcy Filing. Without the consent of the First Priority Agent in its sole discretion, the Second Priority Representative, for itself and on behalf of each other Second Priority Secured Party, agrees it will not file an involuntary bankruptcy claim or seek the appointment of an examiner or a trustee for any Borrower or any other Grantor.

Involuntary Bankruptcy Filing. The other Party is subject to the entry of a decree or order for relief by a court having jurisdiction in the premises in respect of such Party in an involuntary case under the Federal Bankruptcy Code in the United States of America or the Bankruptcy and Insolvency Act in Canada, as now constituted or hereafter amended, or any other applicable national, federal or state insolvency or other similar law and the continuance of any such decree or order unstayed and in effect for a period of sixty (60) consecutive days; or

Involuntary Bankruptcy Filing. A court having jurisdiction shall enter a decree or order for relief in respect of the Borrower or any Guarantor of the PSA, in any involuntary case brought under any bankruptcy, insolvency, debtor relief, or similar law now or hereafter in effect, or the Borrower shall consent to or shall fail to oppose any such proceeding, or any such court shall enter a decree or order appointing a receiver, liquidator, assignee, delegatee, custodian, trustee, sequestrator (or similar official) of the Borrower or for any part of the Security Property or any substantial part of the Borrower’s property, or ordering the winding up or liquidation of the affairs of the Borrower, and such decree or order shall not be dismissed within sixty (60) days after the entry thereof;