Common use of Order of Dissolution Clause in Contracts

Order of Dissolution. Any order is entered in any proceedings against the Borrower or Guarantor decreeing the dissolution or split-up of the Borrower or Guarantor, and such order remains in effect for more than sixty (60) days; or

Appears in 4 contracts

Samples: Credit Agreement (Transit Group Inc), Loan Agreement and Security Agreement (Transit Group Inc), Credit Agreement (Transit Group Inc)

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Order of Dissolution. Any The entering of any order is entered in any proceedings against the Borrower or Guarantor decreeing the dissolution dissolution, divestiture or split-up of the Borrower or GuarantorBorrower, and such order remains in effect for more than sixty (60) days; or.

Appears in 2 contracts

Samples: Loan Agreement (Biodelivery Sciences International Inc), Loan Agreement (Tropical Sportswear International Corp)

Order of Dissolution. Any The entering of any order is entered in any proceedings against the Borrower or Guarantor decreeing the dissolution dissolution, divestiture or split-up of the Borrower or GuarantorBorrower, and such order remains in effect for more than sixty (60) days; or.

Appears in 1 contract

Samples: Loan and Security Agreement (Tropical Sportswear International Corp)

Order of Dissolution. Any The entering of any order is entered in any proceedings against the Borrower or Guarantor decreeing the dissolution dissolution, divestiture or split-up of the Borrower or GuarantorBorrower, and such order remains in effect for more than sixty thirty (6030) days; or.

Appears in 1 contract

Samples: Credit Agreement (Lai Worldwide Inc)

Order of Dissolution. Any The entering of any order is entered in any proceedings against the Borrower or Guarantor decreeing the dissolution dissolution, divestiture or split-up of the Borrower or GuarantorBorrower, and such order remains in effect for more than sixty (60) 60 days; or.

Appears in 1 contract

Samples: Loan Agreement (Unation, LLC)

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Order of Dissolution. Any The entering of any order is entered in any -------------------- proceedings against the Borrower or Guarantor decreeing the dissolution dissolution, divestiture or split-up of the Borrower or GuarantorBorrower, and such order remains in effect for more than sixty thirty (6030) days; or.

Appears in 1 contract

Samples: Loan Agreement (Imrglobal Corp)

Order of Dissolution. Any If any order is entered in any proceedings against the Borrower or Guarantor decreeing the its dissolution or split-up of the Borrower or Guarantorup, and such order remains in effect for more than sixty (60) days; or

Appears in 1 contract

Samples: First United Ethanol LLC

Order of Dissolution. Any The entering of any order is entered in any proceedings against the Borrower or the Guarantor decreeing the dissolution dissolution, divestiture or split-up of the Borrower or the Guarantor, and such order remains in effect for more than sixty (60) days; or.

Appears in 1 contract

Samples: Loan Agreement (Outback Steakhouse Inc)

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