Common use of Order for Relief Clause in Contracts

Order for Relief. An order for relief shall be entered in any federal bankruptcy proceeding in which the Company is the debtor; or if bankruptcy, reorganization, arrangement, insolvency, or liquidation proceedings, or other proceedings for relief under any bankruptcy or similar law or laws for the relief of debtors, are instituted by or against the Company and, if instituted against Company, are consented to or, if contested by the Company, are not dismissed by the adverse parties or by an order, decree or judgment within thirty (30) days after such institution; or

Order for Relief. An order for relief shall be entered in any federal bankruptcy proceeding in which the Company Borrower is the debtor; or if bankruptcy, reorganization, arrangement, insolvency, or liquidation proceedings, or other proceedings for relief under any bankruptcy or similar law or laws for the relief of debtors, are instituted by or against the Company Borrower and, if instituted against CompanyBorrower, are consented to or, if contested by the CompanyBorrower, are not dismissed by the adverse parties or by an order, decree or judgment within thirty (30) days after such institution; or

Order for Relief. An If an order for relief shall be entered in any federal bankruptcy proceeding in which the Company Borrower is the debtor; or if bankruptcy, reorganization, arrangement, insolvency, or liquidation proceedings, or other proceedings for relief under any bankruptcy or similar law or laws for the relief of debtors, are instituted by or against the Company Borrower and, if instituted against CompanyBorrower, are consented to or, if contested by the CompanyBorrower, are not dismissed by the adverse parties or by an order, decree or judgment within thirty (30) days after such institution; or