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 Subsidiary, or of any of its respective Collateral, is appointed by order or decree of any court or agency or supervisory authority having jurisdiction; or an order for relief is entered against the Borrower or any Subsidiary under the Federal Bankruptcy Code; or the Borrower or any Subsidiary is adjudicated bankrupt or insolvent; or any material portion of the property of is sequestered by court order and such order remains in effect for more than 30 days after such party obtains knowledge thereof; or a petition is filed against the Borrower or any Subsidiary under any reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or receivership law of any jurisdiction, whether now or hereafter in effect, and such petition is not dismissed within 60 days.

Involuntary Bankruptcy or Receivership Proceedings. A receiver, conservator, liquidator or trustee of the Borrower or any SubsidiaryMortgagor, or of any of its respective property (including the Collateral), is appointed by order or decree of any court or agency or supervisory authority having jurisdiction; or an order for relief is entered against the Borrower or any Subsidiary Mortgagor under the Federal Bankruptcy Code; or the Borrower or any Subsidiary Mortgagor is adjudicated bankrupt or insolvent; or any material portion of the property (including the Collateral) of the Mortgagor is sequestered by court order and such order remains in effect for more than 30 days after such party obtains knowledge thereof60 days; or a petition is filed against the Borrower or any Subsidiary Mortgagor under any state, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or receivership law of any jurisdiction, whether now or hereafter in effect, and such petition is not dismissed within 60 days.

Involuntary Bankruptcy or Receivership Proceedings. A receiver, conservator, liquidator or trustee of the Borrower or any SubsidiaryBEEOO, or of any of its respective property (including the Collateral), is appointed by order or decree of any court or agency or supervisory authority having jurisdiction; or an order for relief is entered against the Borrower or any Subsidiary BEEOO under the Federal Bankruptcy Code; or the Borrower or any Subsidiary BEEOO is adjudicated bankrupt or insolvent; or any material portion of the property (including the Collateral) of the BEEOO is sequestered by court order and such order remains in effect for more than 30 thirty (30) days after such party obtains knowledge thereof; or a petition is filed against the Borrower or any Subsidiary BEEOO under any state, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or receivership law of any jurisdiction, whether now or hereafter in effect, and such petition is not dismissed within 60 sixty (60) days.

Involuntary Bankruptcy or Receivership Proceedings. A receiver, conservator, liquidator or trustee of the Borrower or any Subsidiary, Company or of any of its respective Collateral, properties is appointed by order or decree of any court or agency or supervisory authority having jurisdiction; or an order for relief is entered against the Borrower Company or any Subsidiary under the Federal United States Bankruptcy Code, as amended, and any and all regulations promulgated thereunder (collectively, the "Bankruptcy Code"); or the Borrower or any Subsidiary Company is adjudicated bankrupt or insolvent; or any material portion of the property properties of the Company is sequestered by court order and such order remains in effect for more than 30 60 days after such party the Company obtains knowledge thereof; or a petition is filed against the Borrower or any Subsidiary Company under any state bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or receivership law of any jurisdiction, whether now or hereafter in effect, and such petition is not dismissed within 60 sixty (60) days.;

Involuntary Bankruptcy or Receivership Proceedings. A receiver, conservator, liquidator or trustee of the Borrower or any Subsidiary, Company or of any of its respective Collateral, properties is appointed by order or decree of any court or agency or supervisory authority having jurisdiction; or an order for relief is entered against the Borrower Company or any Subsidiary under the Federal United States Bankruptcy Code, as amended, and any and all regulations promulgated thereunder (collectively, the "Bankruptcy Code"); or the Borrower or any Subsidiary Company is adjudicated bankrupt or insolvent; or any material portion of the property properties of the Company is sequestered by court order and such order remains in effect for more than 30 60 days 119 after such party the Company obtains knowledge thereof; or a petition is filed against the Borrower or any Subsidiary Company under any state bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or receivership law of any jurisdiction, whether now or hereafter in effect, and such petition is not dismissed within 60 sixty (60) days.;

Involuntary Bankruptcy or Receivership Proceedings. A receiver, conservator, liquidator or trustee of any of the Borrower or any SubsidiaryCompanies, or of any of its respective Collateral, their property is appointed by order or decree of any court or agency or supervisory authority having jurisdiction; or an order for relief is entered against any of the Borrower or any Subsidiary Companies, under the Federal Bankruptcy Code; or any of the Borrower or any Subsidiary Companies is adjudicated bankrupt or insolvent; or any material portion of the property properties of any of the Companies is sequestered by court order and such order remains in effect for more than 30 thirty (30) days after such party obtains knowledge thereof; or a petition is filed against any of the Borrower or any Subsidiary Companies under any state, reorganization, arrangement, insolvency, readjustment of debt, dissolution, liquidation or receivership law of any jurisdiction, whether now or hereafter in effect, and such petition is not dismissed within 60 sixty (60) days.;