Common use of Involuntary Proceedings Clause in Contracts

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process is issued or levied against a substantial part of the Borrower’s or any Subsidiary’s properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, within 60 days after commencement, filing or levy; (ii) the Borrower or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such Subsidiary; or (iii) the Borrower or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the any Borrower or any Material Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the any Borrower’s or any Material Subsidiary’s properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the any Borrower or any Material Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the any Borrower or any Material Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower or any Material Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s or any Material Subsidiary’s properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 sixty (60) days after commencement, filing or levy; (ii) the Borrower or any Material Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower or any Material Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s or any Subsidiary’s properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Holdings or any Subsidiaryof its Subsidiaries, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s Holdings' or any Subsidiary’s of its Subsidiaries' properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower Holdings or any Subsidiary of its Subsidiaries admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower Holdings or any Subsidiary of its Subsidiaries acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower or any Subsidiary, or any Subsidiary writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against all or a substantial part of the Borrower’s or any Subsidiary’s propertiesProperties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, released or vacated or fully bonded, within 60 sixty (60) days after commencement, filing or levy; (ii) the Borrower or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property Property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against Holdings, the Borrower or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrowerany such Person’s or any Subsidiary’s propertiesProperty, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, dismissed, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) Holdings, the Borrower or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) Holdings, the Borrower or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property Property or business.;

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Parent, PLIC or PXP or any Subsidiaryother Subsidiary or its property, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s or properties of any Subsidiary’s propertiesof them, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower Parent, PLIC or PXP or any other Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower Parent, PLIC or PXP or any other Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against Holdings, the Borrower or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrowerany such Person’s or any Subsidiary’s propertiesProperty, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, dismissed, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) Holdings, the Borrower or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) Holdings, the Borrower or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property Property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Company, any Guarantor or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against all or a substantial part of the Borrower’s Company's, any Guarantor's or any Subsidiary’s properties's Properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower Company, any Guarantor or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower Company, any Guarantor or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property Property or business.;

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the any Borrower or any SubsidiarySubsidiary of any Borrower, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrowerany such Person’s or Properties and any Subsidiary’s properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 forty-five (45) days after commencement, filing or levy; (ii) the any Borrower or Subsidiary of any Subsidiary Borrower admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the any Borrower or any Subsidiary of any Borrower acquiesces in the appointment of a receiver, receiver and manager, trustee, custodian, conservator, liquidator, sequestrator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property Property or business.;

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Company or any Significant Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the BorrowerCompany’s or any Significant Subsidiary’s properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower Company or any Significant Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. US. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower Company or any Significant Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee mortgage in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower or any Material Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process is issued or levied against a substantial part of the Borrower’s 's or any such Subsidiary’s 's properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, within 60 days after commencement, filing or levy; (ii) the Borrower or any Material Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such Subsidiary; or (iii) the Borrower or any Material Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.

Involuntary Proceedings. (i) Any involuntary Insolvency ----------------------- Proceeding is commenced or filed against the Borrower Company or any Material Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s Company's or any Material Subsidiary’s 's properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 sixty (60) days after commencement, filing or levy; (ii) the Borrower Company or any Material Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower Company or any Material Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the any Borrower or any SubsidiarySubsidiary of any Borrower, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrowerany such Person’s or Properties and any Subsidiary’s properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 sixty (60) days after commencement, filing or levy; (ii) the any Borrower or Subsidiary of any Subsidiary Borrower admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the any Borrower or any Subsidiary of any Borrower acquiesces in the appointment of a receiver, receiver and manager, trustee, custodian, conservator, liquidator, sequestrator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property Property or business.;

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Company or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process is issued or levied against a substantial part of the BorrowerCompany’s or any Subsidiary’s properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, within 60 days after commencement, filing or levy; (ii) the Borrower Company or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower Company or such Subsidiary; or (iii) the Borrower Company or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower any Parent, any Borrower, or any Material Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrowerany such Person’s or any Subsidiary’s propertiesProperty, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, dismissed, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower any Parent, any Borrower, or any Material Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower any Parent, any Borrower, or any Material Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property Property or business.;

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Parent or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process is issued or levied against a substantial part of the Borrower’s Parent's or any Subsidiary’s 's properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, within 60 90 days after commencement, filing or levy; (ii) the Borrower Parent or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under state or non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower Parent or such Subsidiary; or (iii) the Borrower Parent or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against Holdings, the Borrower Company or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of Holdings', the Borrower’s Company's or any Subsidiary’s 's properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) Holdings, the Borrower Company or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) Holdings, the Borrower Company or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency ----------------------- Proceeding is commenced or filed against the Borrower Company or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process is issued or levied against a substantial part of the Borrower’s Company's or any Subsidiary’s 's properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, within 60 days after commencement, filing or levy; (ii) the Borrower Company or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower Company or such Subsidiary; or (iii) the Borrower Company or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Purchaser or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process is issued or levied against a substantial part of the Borrower’s Purchaser's or any Subsidiary’s 's properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, within 60 days after commencement, filing or levy; (ii) the Borrower Purchaser or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower Purchaser or such Subsidiary; or (iii) the Borrower Purchaser or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against Holdings, the Borrower or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrowerany such Person’s or any Subsidiary’s propertiesProperty, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, dismissed, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) Holdings, the Borrower or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for 13675000v5 relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) Holdings, the Borrower or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property Property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency ----------------------- Proceeding is commenced or filed against the Borrower Holdings or any Subsidiaryof its Subsidiaries, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s Holdings' or any Subsidiary’s of its Subsidiaries' properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower Holdings or any Subsidiary of its Subsidiaries admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower Holdings or any Subsidiary of its Subsidiaries acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Company or any Material Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process is issued or levied against a substantial part of the Borrower’s Company's or any such Subsidiary’s 's properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, within 60 days after commencement, filing or levy; (ii) the Borrower Company or any Material Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-non- U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower Company or such Subsidiary; or (iii) the Borrower Company or any Material Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the either Borrower or any Material Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s Borrower or any Subsidiary’s properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the either Borrower or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. US law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the either Borrower or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Culligan or any Subsidiary, or any writ, judgment, warrant of attachment, warrant of execution or similar process is issued or levied against a substantial part of the Borrower’s Culligan's or any Subsidiary’s 's properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, warrant of execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower Culligan or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower commenced or such filed against Culligan or any Subsidiary; or (iii) the Borrower Culligan or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), ) or other similar Person for itself or a substantial portion of its property or business.

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Guarantor or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s Guarantor's or any Subsidiary’s 's properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower Guarantor or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; 22 154 or (iii) the Borrower Guarantor or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Company, any Guarantor or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against all or a substantial part of the BorrowerCompany’s, any Guarantor’s or any Subsidiary’s propertiesProperties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower Company, any Guarantor or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower Company, any Guarantor or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property Property or business.;

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower or any Material Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process is issued or levied against a substantial part of the Borrower’s or any such Subsidiary’s properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, within 60 days after commencement, filing or levy; (ii) the Borrower or any Material Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such Subsidiary; or (iii) the Borrower or any Material Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding ----------------------- is commenced or filed against the Borrower Company or any Material Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s Company's or any Material Subsidiary’s 's properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower Company or any Material Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower Company or any Material Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), assignee for the benefit of creditors or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency ----------------------- Proceeding is commenced or filed against the Borrower Company or any Material Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s Company's or any Material Subsidiary’s 's properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower Company or any Material Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower Company or any Material Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), assignee for the benefit of creditors or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower or any Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process is issued or levied against a substantial part of the Borrower’s or any Subsidiary’s properties, and such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, within 60 days after commencement, filing or levy; (ii) the Borrower or any Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such Subsidiary; or (iii) the 101250789 Borrower or any Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower Company or any Significant Subsidiary, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s Company's or any Significant Subsidiary’s 's properties, and any such proceeding or petition shall not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower Company or any Significant Subsidiary admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower Company or any Significant Subsidiary acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or

Involuntary Proceedings. (i) Any involuntary Insolvency Proceeding is commenced or filed against the Borrower or any SubsidiarySubsidiary of Borrower, or any writ, judgment, warrant of attachment, execution or similar process process, is issued or levied against a substantial part of the Borrower’s properties of Borrower or any Subsidiary’s properties, Subsidiary of Borrower and any such proceeding or petition shall is not be dismissed, or such writ, judgment, warrant of attachment, execution or similar process shall is not be released, vacated or fully bonded, bonded within 60 days after commencement, filing or levy; (ii) the Borrower or any Subsidiary of Borrower admits the material allegations of a petition against it in any Insolvency Proceeding, or an order for relief (or similar order under non-U.S. law) is ordered in any Insolvency Proceeding with respect to the Borrower or such SubsidiaryProceeding; or (iii) the Borrower or any Subsidiary of Borrower acquiesces in the appointment of a receiver, trustee, custodian, conservator, liquidator, mortgagee in possession (or agent therefor), or other similar Person for itself or a substantial portion of its property or business.; or