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 31 contracts

Samples: Security Agreement (Growlife, Inc.), Security Agreement (Nemaura Medical Inc.), Security 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: Neah Power Systems, Inc., Neah Power Systems, Inc., 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: A5 Laboratories Inc., Silver Dragon Resources Inc., 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: Monarch America, Inc., Windstream Technologies, Inc., 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: Bonanza Goldfield Corp., 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 and Release (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: 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: Warrant Purchase Agreement (Corinthian Colleges 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 Investor. 8.

Appears in 1 contract

Samples: Securities Purchase Agreement (Clikia Corp.)

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 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: Seaniemac International, Ltd.

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