Common use of Involuntary Bankruptcy or Receivership Proceedings Clause in Contracts

Involuntary Bankruptcy or Receivership Proceedings. a receiver, conservator, liquidator or trustee of any 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 60 days; or any Obligor is adjudicated bankrupt or insolvent; or any of such Person’s Property is sequestered by court order and such order remains in effect for more than 60 days; or a petition is filed against any 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 60 days after such filing; or

Involuntary Bankruptcy or Receivership Proceedings. a A receiver, conservatorcustodian, liquidator or trustee of any Obligor Borrower, or of any of its Property 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 60 sixty (60) days; or any Obligor Borrower is adjudicated bankrupt or insolvent; or any of such Person’s Property the property of Borrower is sequestered by court order and such order remains in effect for more than 60 sixty (60) days; or a petition is filed against any Obligor Borrower 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 60 sixty (60) days after such of filing; or.

Involuntary Bankruptcy or Receivership Proceedings. a receiver, receiver-manager, interim receiver, monitor, conservator, liquidator or trustee of any 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 60 90 days; or any Obligor is adjudicated bankrupt or insolvent; or any of such Person’s Property is sequestered by court order and such order remains in effect for more than 60 90 days; or a petition is filed against any 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 60 90 days after such filing; or