Common use of Involuntary Bankruptcy or Receivership Proceedings Clause in Contracts

Involuntary Bankruptcy or Receivership Proceedings. A receiver, conservator, liquidator or trustee of the Company or of 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 the Company under the U.S. Bankruptcy Code; or the Company is adjudicated bankrupt or insolvent; or any material portion of the properties of the Company is sequestered by court order and such order remains in effect for more than fifty (50) days after the Company obtains knowledge thereof; or a petition is filed against the Company 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 sixty (60) days;

Involuntary Bankruptcy or Receivership Proceedings. A receiver, conservator, liquidator or trustee of the a Company or of their its 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 the a Company under the U.S. Bankruptcy Code; or the a Company is adjudicated bankrupt or insolvent; or any material portion of the properties of the a Company is sequestered by court order and such order remains in effect for more than fifty (50) days after the a Company obtains knowledge thereof; or a petition is filed against the a Company 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 sixty (60) days;

Involuntary Bankruptcy or Receivership Proceedings. A receiver, conservator, liquidator or trustee of the Company any Company, or of their property any of its respective -49- 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 any Company under the U.S. Federal Bankruptcy Code; or the any Company is adjudicated bankrupt or insolvent; or any material portion of the properties property of the Company is sequestered by court order and such order remains in effect for more than fifty (50) 30 days after the Company such party obtains knowledge thereof; or a petition is filed against the any Company 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 sixty (60) 60 days;.

Involuntary Bankruptcy or Receivership Proceedings. A a receiver, receiver-manager, interim receiver, monitor, conservator, liquidator or trustee of the Company any Obligor or of their property 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 an order for relief is entered against the Company under the U.S. Bankruptcy Code; or the Company any Obligor is adjudicated bankrupt or insolvent; or any material portion of the properties of the Company such Person’s Property is sequestered by court order and such order remains in effect for more than fifty (50) days after the Company obtains knowledge thereof90 days; or a petition is filed against the Company any Obligor under any statestate or federal bankruptcy, reorganization, arrangement, insolvency, readjustment of or debt, dissolution, liquidation or receivership law of or any jurisdiction, whether now or hereafter in effect, and such petition is not dismissed within sixty (60) days;90 days after such filing; or