Lessee Bankruptcy. In the event that a petition in bankruptcy is filed:
Lessee Bankruptcy. If such Container is then subject to a Finance Lease, the related lessee is not, to the knowledge of the Borrower or the Manager, subject to bankruptcy, insolvency or similar proceedings.”
Lessee Bankruptcy. Lessee or any Subsidiary Guarantor is generally not paying its debts as they become due or admits in writing its inability to pay its debts generally or makes a general assignment for the benefit of creditors; or any proceeding is instituted by or against any such Person seeking an order for relief under the United States Bankruptcy Code or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts or the appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of its property under any law relating to bankruptcy, insolvency, liquidation or reorganization or relief of debtors and either (i) any such relief in any such proceeding is sought or consented to by it or an order for any such relief is entered against it, or (ii) any such proceeding instituted against it remains undismissed and unstayed for a period of 60 days; or any such party takes any corporate action to authorize any of the actions set forth above; or
Lessee Bankruptcy. If Lessee rejects the Lease in a bankruptcy ----------------- proceeding, Lessor shall, at the request of any leasehold mortgagee having a first lien on the Lease and upon payment by such leasehold mortgagee of all accrued and unpaid rent due under the Lease, enter into a new Lease with such leasehold mortgagee which shall be on the same terms as the Lease, and which shall have the same priority over any then existing liens and encumbrances as was enjoyed by the Lease.
