Common use of Readjustment of Indebtedness Clause in Contracts

Readjustment of Indebtedness. Should proceedings for readjustment of indebtedness, reorganization, composition or extension under any insolvency law be brought by or against Borrower or any Guarantor.

Appears in 5 contracts

Samples: Business Loan Agreement (Premier Financial Bancorp Inc), Business Loan Agreement (Premier Financial Bancorp Inc), Business Loan Agreement (Premier Financial Bancorp Inc)

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Readjustment of Indebtedness. Should proceedings for readjustment of indebtedness, reorganization, composition or extension under any insolvency law be brought by or against Borrower Grantor or any Guarantor.

Appears in 4 contracts

Samples: Commercial Pledge Agreement (Premier Financial Bancorp Inc), Commercial Pledge Agreement (Premier Financial Bancorp Inc), Commercial Pledge Agreement (Premier Financial Bancorp Inc)

Readjustment of Indebtedness. Should proceedings for readjustment of indebtedness, reorganization, bankruptcy, composition or extension under any insolvency law be brought by or against Borrower or any Guarantorguarantor.

Appears in 2 contracts

Samples: Business Loan Agreement (Champion Industries Inc), Promissory Note (Smith & Wollensky Restaurant Group Inc)

Readjustment of Indebtedness. Should proceedings for readjustment of indebtedness, reorganization, composition or extension under any insolvency law be brought by or against Borrower Grantor or any Guarantor.,

Appears in 1 contract

Samples: Commercial Pledge Agreement (Premier Financial Bancorp Inc)

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Readjustment of Indebtedness. Should proceedings for readjustment of indebtedness, reorganization, bankruptcy, composition or extension under any insolvency law be brought by or against Borrower or any Guarantor.

Appears in 1 contract

Samples: Loan Agreement (International Shipholding Corp)

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