Common use of Involuntary Bankruptcy or Insolvency Clause in Contracts

Involuntary Bankruptcy or Insolvency. There shall not have been ------------------------------------ commenced against any of the Credit Parties an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or any case, proceeding or other action for the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of such Person or for any substantial part of its Property or for the winding up or liquidation of its affairs, and shall remain undismissed, undischarged or unbonded.

Appears in 5 contracts

Samples: Credit Agreement (Pediatric Services of America Inc), Credit Agreement (Triad Hospitals Inc), Credit Agreement (Access Worldwide Communications Inc)

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Involuntary Bankruptcy or Insolvency. There shall not have been ------------------------------------ commenced against any of the Credit Parties an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or any case, proceeding or other action for the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of such Person or for any substantial part of its Property or for the winding up or liquidation of its affairs, and shall remain undismissed, undischarged undismissed or unbondedundischarged.

Appears in 1 contract

Samples: Credit Agreement (Triad Hospitals Inc)

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Involuntary Bankruptcy or Insolvency. There shall not have been ------------------------------------ commenced against any of the Credit Parties an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or any case, proceeding or other action for the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of such Person or for any substantial part of its Property or for the winding up or liquidation of its affairs, and shall remain undismissed, undischarged or unbonded.

Appears in 1 contract

Samples: Credit Agreement (C&d Technologies Inc)

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