Common use of Involuntary Bankruptcy Clause in Contracts

Involuntary Bankruptcy. If any involuntary petition is filed under any bankruptcy or similar law or rule against Investor, and such petition is not dismissed within sixty (60) days, or a receiver, trustee, liquidator, assignee, custodian, sequestrator or other similar official is appointed to take possession of any of the assets or properties of Investor.

Appears in 32 contracts

Samples: Securities Purchase Agreement (Growlife, Inc.), Note Purchase Agreement (Nemaura Medical Inc.), Securities Purchase Agreement (Growlife, Inc.)

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Involuntary Bankruptcy. If any involuntary petition is filed under any bankruptcy or similar law or rule against Investorthe Borrower, and such petition is not dismissed within sixty (60) days, or a receiver, trustee, liquidator, assignee, custodian, sequestrator or other similar official is appointed to take possession of any of the assets or properties of Investorthe Borrower or any guarantor.

Appears in 23 contracts

Samples: Buyer Trust Deed Note (Neah Power Systems, Inc.), Buyer Trust Deed Note (Neah Power Systems, Inc.), Buyer Note (Cabinet Grow, Inc.)

Involuntary Bankruptcy. If any involuntary petition is filed under any bankruptcy or similar law or rule against Investorthe Borrower, and such petition is not dismissed within sixty (60) 60 days, or a receiver, trustee, liquidator, assignee, custodian, sequestrator or other similar official is appointed to take possession of any of the assets or properties of Investorthe Borrower or any guarantor.

Appears in 9 contracts

Samples: Secured Buyer Note (A5 Laboratories Inc.), Secured Buyer Note (Silver Dragon Resources Inc.), Buyer Trust Deed Note (Silver Dragon Resources Inc.)

Involuntary Bankruptcy. If any involuntary petition is filed under any bankruptcy or similar law or rule against InvestorPurchaser, and such petition is not dismissed within sixty (60) days, or a receiver, trustee, liquidator, assignee, custodian, sequestrator or other similar official is appointed to take possession of any of the assets or properties of InvestorPurchaser.

Appears in 4 contracts

Samples: Secured Purchaser Note (Monarch America, Inc.), Secured Purchaser Note (Windstream Technologies, Inc.), Secured Purchaser Note (Windstream Technologies, Inc.)

Involuntary Bankruptcy. If any involuntary petition is filed under any bankruptcy or similar law or rule against Investorthe Borrower, and such petition is not dismissed within sixty withinsixty (60) days, or a receiver, trustee, liquidator, assignee, custodian, sequestrator or other similar official is appointed to take possession of any of the assets or properties of Investorthe Borrower or any guarantor.

Appears in 2 contracts

Samples: Buyer Mortgage Note (Bonanza Goldfield Corp.), Buyer Mortgage Note (Bonanza Goldfield Corp.)

Involuntary Bankruptcy. If any involuntary petition is filed under any bankruptcy or similar law or rule against InvestorMaker, and such petition is not dismissed within sixty (60) days, or a receiver, trustee, liquidator, assignee, custodian, sequestrator or other similar official is appointed to take possession of any of the assets or properties of InvestorMaker.

Appears in 1 contract

Samples: Settlement Agreement (Vape Holdings, Inc.)

Involuntary Bankruptcy. If any involuntary petition is filed under any bankruptcy or similar law or rule against Investor, and such petition is not dismissed within sixty (60) days, or a receiver, trustee, liquidator, assignee, custodian, sequestrator or other similar official is appointed to take possession of any of the assets or properties of InvestorInvestor or any guarantor.

Appears in 1 contract

Samples: Investor Note (Dna Precious Metals Inc.)

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Involuntary Bankruptcy. If any An involuntary petition is filed under ---------------------- any bankruptcy or similar law or rule statute against Investor, and such petition is not dismissed within sixty (60) daysthe Company, or a receiver, trustee, liquidator, assignee, custodian, sequestrator or other similar official is appointed to take possession of any the properties of the assets Company and such petition or properties of Investor.appointment is not dismissed within ninety (90) days;

Appears in 1 contract

Samples: Subordinated Secured Note and Warrant Purchase Agreement (Corinthian Colleges Inc)

Involuntary Bankruptcy. If any involuntary petition is filed under any bankruptcy or similar law or rule against Investor, any Obligor and such petition is not dismissed or discharged within sixty (60) days60 days of filing, or a receiver, trustee, liquidator, assignee, custodian, sequestrator or other similar official is appointed to take possession of any of the assets or properties of Investor.any Obligor;

Appears in 1 contract

Samples: Loan and Option Agreement (Bekem Metals Inc)

Involuntary Bankruptcy. If any An involuntary petition is filed under any bankruptcy or similar law statute against the Borrower or rule against Investor, and such petition is not dismissed within sixty (60) daysany Subsidiary, or a receiver, trustee, liquidator, assignee, custodian, sequestrator sequestrator, or other similar official is appointed to take possession of any the properties of the assets Borrower or properties any Subsidiary and such petition or appointment is not set aside or withdrawn within 60 days or continues in effect for 60 days or more from the date of Investorsaid filing or appointment.

Appears in 1 contract

Samples: Credit Agreement (Digital Microwave Corp /De/)

Involuntary Bankruptcy. If any involuntary petition is filed under any bankruptcy or similar law or rule against Investorthe Borrower, and such petition is not dismissed within sixty (60) days, or a receiver, trustee, liquidator, assignee, custodian, sequestrator sequestrate or other similar official is appointed to take possession of any of the assets or properties of Investorthe Borrower or any guarantor.

Appears in 1 contract

Samples: Buyer Note (Seaniemac International, Ltd.)

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