Common use of Involuntary Bankruptcy or Receivership Proceedings Clause in Contracts

Involuntary Bankruptcy or Receivership Proceedings. A receiver, conservator, liquidator or trustee of the Borrower or any of its Material Subsidiaries or of any of its Property is appointed by the order or decree of any court or agency or supervisory authority having jurisdiction, and such decree or order remains in effect for more than 90 days; or the Borrower or any of its Material Subsidiaries is adjudicated bankrupt or insolvent; or any material part of such person’s Property is sequestered by court order and such order remains in effect for more than 90 days; or a petition is filed against the Borrower or any of its Material Subsidiaries under any state or federal bankruptcy, reorganization, arrangement, insolvency, readjustment or debt, dissolution, liquidation or receivership law or any jurisdiction, whether now or hereafter in effect, and is not dismissed within 90 days after such filing.

Involuntary Bankruptcy or Receivership Proceedings. A a receiver, conservator, liquidator or trustee of the Borrower or any of its Material Subsidiaries or of any of its Property is appointed by the order or decree of any court or agency or supervisory authority having jurisdiction, and such decree or order remains in effect for more than 90 days; or the Borrower or any of its Material Subsidiaries is adjudicated bankrupt or insolvent; or any material part of such personPerson’s Property is sequestered by court order and such order remains in effect for more than 90 days; or a petition is filed against the Borrower or any of its Material Subsidiaries under any state or federal bankruptcy, reorganization, arrangement, insolvency, readjustment or debt, dissolution, liquidation or receivership law or any jurisdiction, whether now or hereafter in effect, and is not dismissed within 90 days after such filing.; or

Involuntary Bankruptcy or Receivership Proceedings. A a receiver, conservator, liquidator or trustee of the Borrower or any of its Material Subsidiaries or of any of its Property is appointed by the order or decree of any court or agency or supervisory authority having jurisdiction, and such decree or order remains in effect for more than 90 days; or the Borrower or any of its Material Subsidiaries is adjudicated bankrupt or insolvent; or any material part of such personPerson’s Property is sequestered by court order and such order remains in effect for more than 90 days; or a petition is filed against the Borrower or any of its Material Subsidiaries under any state or federal bankruptcy, reorganization, arrangement, insolvency, readjustment or debt, dissolution, liquidation or receivership law or any jurisdiction, whether now or hereafter in effect, and is not dismissed within 90 days after such filing.; or

Involuntary Bankruptcy or Receivership Proceedings. A a receiver, receiver-manager, receiver and manager, interim receiver, monitor, conservator, judicial manager, liquidator or trustee of the Borrower or any of its Material Subsidiaries Obligor or of any of its Property is appointed by the order or decree of any court or agency or supervisory authority having jurisdiction, and such decree or order remains in effect for more than 90 days; or the Borrower or any of its Material Subsidiaries Obligor is adjudicated bankrupt or insolvent; or any material part portion of such personPerson’s Property is sequestered by court order and such order remains in effect for more than 90 days; or a petition is filed against the Borrower or any of its Material Subsidiaries Obligor under any state or federal bankruptcy, reorganization, arrangement, insolvency, readjustment or debt, dissolution, liquidation or receivership law or any jurisdiction, whether now or hereafter in effect, and is not dismissed within 90 days after such filing.; or

Involuntary Bankruptcy or Receivership Proceedings. A a receiver, conservator, liquidator or trustee of the Borrower or Company, the Guarantor, any of its Material Subsidiaries Restricted Subsidiary or of any of its Property their property is appointed by the order or decree of any court or agency or supervisory authority having jurisdiction, and such decree or order remains in effect for more than 90 60 days; or the Borrower Company, the Guarantor or any of its Material Subsidiaries Restricted Subsidiary is adjudicated bankrupt or insolvent; or any material part of such person’s Property its property is sequestered by court order and such order remains in effect for more than 90 60 days; or a petition is filed against the Borrower Company, the Guarantor or any of its Material Subsidiaries Restricted Subsidiary under any state or federal bankruptcy, reorganization, arrangement, insolvency, readjustment or of debt, dissolution, liquidation or receivership law or of any jurisdiction, whether now or hereafter in effect, and is not dismissed within 90 60 days after such filing.; or

Involuntary Bankruptcy or Receivership Proceedings. A a receiver, conservator, liquidator or trustee of the Borrower or any of its Material Subsidiaries or of any of its their respective Property is appointed by the order or decree of any court or agency or supervisory authority having jurisdiction, and such decree or order remains in effect for more than 90 60 days; or the Borrower or any of its Material Subsidiaries is adjudicated bankrupt or insolvent; or any material part of such person’s Person's Property is sequestered by court order and such order remains in effect for more than 90 60 days; or a petition is filed against the Borrower or any of its Material Subsidiaries under any state or federal bankruptcy, reorganization, arrangement, insolvency, readjustment or debt, dissolution, liquidation or receivership law or any jurisdiction, whether now or hereafter in effect, and is not dismissed within 90 60 days after such filing.; or