Common use of Involuntary Bankruptcy or Insolvency Proceedings Clause in Contracts

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to Borrower or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) calendar days of commencement.

Appears in 18 contracts

Samples: Second Intercompany Revolving Loan Agreement (Biofrontera Inc.), Intercompany Loan Agreement, Loan Agreement (Revance Therapeutics, Inc.)

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Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower Hippo Lace or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to Borrower Hippo Lace or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) calendar days of commencement.

Appears in 3 contracts

Samples: Shareholder Loan Agreement, Shareholder Loan Agreement (Studio Ii Brands Inc), Shareholder Loan Agreement (Studio Ii Brands Inc)

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower the Company or of all or a substantial part of the property thereof, or an involuntary case or other proceedings proceeding seeking liquidation, reorganization or other relief with respect to Borrower the Company or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered entered, or such case or proceeding shall not be dismissed or discharged within sixty (60) calendar days of commencement.; and

Appears in 3 contracts

Samples: Convertible Note Purchase Agreement (Burcon NutraScience Corp), Convertible Note Purchase Agreement (Chan Kwok Keung Charles), Convertible Note Purchase Agreement (Burcon NutraScience Corp)

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator liquidator, or custodian of Borrower or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization reorganization, or other relief with respect to Borrower or the debts thereof under any bankruptcy, insolvency insolvency, or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) calendar days of commencement.

Appears in 3 contracts

Samples: Revised Note Agreement (Benacquista Galleries Inc), Revised Note Agreement (Benacquista Galleries Inc), Note Agreement (Benacquista Galleries Inc)

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of a Borrower or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to such Borrower or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) calendar days of commencement.; or

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Zipcar Inc)

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings under Law for the appointment of a receiver, trustee, liquidator or custodian of Borrower the Purchaser or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to Borrower the Purchaser or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) calendar days of commencement.;

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Teliphone Corp)

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to Borrower or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) [*] calendar days of commencement.; or

Appears in 1 contract

Samples: Credit Agreement (Cell Genesys Inc)

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to Borrower or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) calendar days of commencement.

Appears in 1 contract

Samples: Loan Agreement (Radiance Medical Systems Inc /De/)

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Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower Company or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to Borrower Company or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) calendar days of commencement.; or

Appears in 1 contract

Samples: Security Agreement (Vivus Inc)

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings There shall be commenced proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to Borrower or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) calendar days of commencement.; or

Appears in 1 contract

Samples: Intercompany Credit Agreement (Tn Technologies Holding Inc)

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings There shall be commenced proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to Borrower or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) 60 calendar days of commencement.; or

Appears in 1 contract

Samples: Intercompany Credit Agreement (Modem Media Poppe Tyson Inc)

Involuntary Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower any Loan Party or of all or a substantial part of the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect to Borrower any Loan Party or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) calendar days of commencement.

Appears in 1 contract

Samples: Term Loan and Security Agreement (GlassBridge Enterprises, Inc.)

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