Involuntary Petition Against Borrower. Any petition or application for any relief is filed against Borrower under applicable insolvency or bankruptcy laws now or hereafter existing (including the United States Bankruptcy Code) or under any insolvency, reorganization, receivership, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction now or hereafter in effect (whether at law or in equity), and is not discharged or stayed within thirty (30) days of the filing thereof.
Involuntary Petition Against Borrower. Any petition or application for any relief is filed against Borrower under applicable insolvency or bankruptcy laws now or hereafter existing (including the United States Bankruptcy Code) or under any insolvency, reorganization, receivership, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction now or hereafter in effect (whether at law or in equity), and is not dismissed or stayed within thirty (30) days of the filing thereof, provided that during such thirty (30) day period the Lender shall not be obligated to make any Advances hereunder..
Involuntary Petition Against Borrower. Any petition or application for any relief is filed against Borrower under applicable insolvency or bankruptcy laws now or hereafter existing (including the United States Bankruptcy Code) or under any insolvency, reorganization, receivership, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction now or hereafter in effect (whether at law or in equity), EXCEPT THAT, the commencement against Borrower of an involuntary action or case for relief under any bankruptcy law shall not constitute an Event of Default unless the same remains undismissed for thirty (30) days from commencement, PROVIDED THAT, Borrower has not admitted the allegations and is contesting the same diligently, and further provided that the relief requested therein has not been sooner granted; during any such period within which such involuntary action or case remains undismissed, Lender shall have no obligation to make loans, advances or other financial accommodations to Borrower under this Agreement or the other Loan Documents without an Order of the United States Bankruptcy Court or other Court of competent jurisdiction, acceptable in form and substance satisfactory to Lender.
