Involuntary Insolvency Proceedings. The commencement of an Insolvency Proceeding against a Borrower or a Borrower's Property by any Person other than a Borrower or an Affiliate of Borrower, if not dismissed within sixty (60) days.
Appears in 2 contracts
Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)
Involuntary Insolvency Proceedings. The commencement of an Insolvency Proceeding against a Borrower or a Borrower's Borrower’sBorrower’s Property by any Person other than a Borrower or an Affiliate of Borrower, if not dismissed within sixty (60) days.
Appears in 2 contracts
Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)