Common use of Involuntary Bankruptcy or Insolvency Proceedings Clause in Contracts

Involuntary Bankruptcy or Insolvency Proceedings. Borrower seeks 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 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) days of commencement.

Involuntary Bankruptcy or Insolvency Proceedings. Borrower seeks Proceedings for the appointment of a receiver, trustee, liquidator, 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, reorganization or other relief with respect to such 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) days of commencement.; or

Involuntary Bankruptcy or Insolvency Proceedings. The Borrower seeks the appointment of a receiver, trustee, liquidator, or custodian of the Borrower or of all or a substantial part of the property thereofits property, or an involuntary case or other proceedings seeking liquidation, reorganization, or other relief with respect to the Borrower or the debts thereof under any bankruptcy, insolvency, or other similar law 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) days of commencement.