Common use of Receiver; Bankruptcy Clause in Contracts

Receiver; Bankruptcy. The Company or any Subsidiary shall (a) apply for or consent to the appointment of a receiver, trustee or liquidator of itself or any of its property, (b) admit in writing its inability to pay its debts as they mature, (c) make a general assignment for the benefit of creditors, (d) be adjudicated a bankrupt or insolvent, (e) file a voluntary petition in bankruptcy or a petition or an answer seeking reorganization or an arrangement with creditors or to take advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute, or an answer admitting the material allegations of a petition filed against it in any proceeding under any such law or if corporate action shall be taken by the Company or any Subsidiary for the purposes of effecting any of the foregoing, or (f) by any act indicate its consent to, approval of or acquiescence in any such proceeding or the appointment of any receiver of or trustee for any of its property, or suffer any such receivership, trusteeship or proceeding to continue undischarged for a period of sixty (60) days.

Receiver; Bankruptcy. The Company Borrower or any Subsidiary shall (a) apply for or consent to the appointment of a receiver, trustee or liquidator of itself or any of its property, (b) admit in writing its inability to pay its debts as they mature, (c) make a general assignment for the benefit of creditors, (d) be adjudicated a bankrupt or insolvent, (e) file a voluntary petition in bankruptcy or a petition or an answer seeking reorganization or an arrangement with creditors or to take advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute, or an answer admitting the material allegations of a petition filed against it in any proceeding under any such law or if corporate action shall be taken by the Company Borrower or any Subsidiary for the purposes of effecting any of the foregoing, or (f) by any act indicate its consent to, approval of or acquiescence in any such proceeding or the appointment of any receiver of or trustee for any of its property, or suffer any such receivership, trusteeship or proceeding to continue undischarged for a period of sixty (60) days.

Receiver; Bankruptcy. The Company or any Subsidiary Any Borrower shall (ai) apply for or -------------------- consent to the appointment of a receiver, trustee or liquidator of itself or any of its property, (bii) admit in writing its inability to pay its debts as they mature, (ciii) make a general assignment for the benefit of creditors, (div) be adjudicated a as bankrupt or insolvent, insolvent or (ev) file a voluntary petition in bankruptcy bankruptcy, or a petition or an answer seeking reorganization or an arrangement with creditors or to take advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute, or an answer admitting the material allegations of a petition filed against it in any proceeding under any such law law, or if corporate action shall be taken by the Company or any Subsidiary Borrower for the purposes of effecting any of the foregoing, or (fvi) by any act indicate its consent to, approval of or acquiescence in any such proceeding or the appointment of any receiver of or trustee for any Borrower or any substantial part of its property, or suffer suffers any such receivership, trusteeship or proceeding to continue undischarged for a period of sixty (60) 30 days.

Receiver; Bankruptcy. The Company or any Subsidiary Any Borrower shall (a) apply for or consent to the appointment of a receiver, trustee or liquidator of for itself or any of its property, (b) admit in writing its inability to pay its debts as they mature, (c) make a general assignment for the benefit of creditors, (d) be adjudicated a bankrupt or insolvent, (e) file a voluntary petition in bankruptcy or a petition or an answer seeking reorganization or an arrangement with creditors or to take advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute, or an answer admitting the material allegations of a petition filed against it in any proceeding under any such law or if corporate action shall be taken by the Company or any Subsidiary Borrower for the purposes of effecting any of the foregoing, or (f) by any act indicate its consent to, approval of or acquiescence in any such proceeding or the appointment of any receiver of or trustee for any of its property, or suffer any such receivership, trusteeship or proceeding to continue undischarged for a period of sixty ninety (6090) days.

Receiver; Bankruptcy. The Company or any Subsidiary Any Borrower shall (a) apply for or consent to the appointment of a receiver, trustee or liquidator of for itself or any of its property, (b) admit in writing its inability to pay its debts as they mature, (c) make a general assignment for the benefit of creditors, (d) be adjudicated a bankrupt or insolvent, (e) file a voluntary petition in bankruptcy or a petition or an answer seeking reorganization or an arrangement with creditors or to take advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute, or an answer admitting the material allegations of a petition filed against it in any proceeding under any such law or if corporate action shall be taken by the Company or any Subsidiary Borrower for the purposes of effecting any of the foregoing, or (f) by any act indicate its consent to, approval of or acquiescence in any such proceeding or the appointment of any receiver of or trustee for any of its property, or suffer any such receivership, trusteeship or proceeding to continue undischarged for a period of sixty (60) days.

Receiver; Bankruptcy. The Company or any Subsidiary Any of the Borrowers shall (a) apply for or consent to the appointment of a receiver, trustee or liquidator of itself or any of its their property, (b) admit in writing its their inability to pay its their debts as they mature, (c) make a general assignment for the benefit of creditorscredi tors, (d) be adjudicated a bankrupt or insolvent, (e) file a voluntary petition in bankruptcy or a petition or an answer seeking reorganization or an arrangement with creditors or to take advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute, or an answer admitting the material allegations of a petition filed against it either of them in any proceeding under any such law or if corporate action shall be taken by any of the Company or any Subsidiary Borrowers for the purposes of effecting any of the foregoing, or (f) by any act indicate its either of their consent to, approval of or acquiescence in any such proceeding or the appointment of any receiver of or trustee for any of its their property, or suffer any such receivership, trusteeship or proceeding to continue undischarged for a period of sixty (60) days.

Receiver; Bankruptcy. The Company or any Subsidiary Any Borrower shall (ai) apply for or consent -------------------- to the appointment of a receiver, trustee or liquidator of itself or any of its property, (bii) admit in writing its inability to pay its debts as they mature, (ciii) make a general assignment for the benefit of creditors, (div) be adjudicated a as bankrupt or insolvent, or (ev) file a voluntary petition in bankruptcy bankruptcy, or a petition or an answer seeking reorganization or an arrangement with creditors or to take advantage of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution or liquidation law or statute, or an answer admitting the material allegations of a petition filed against it in any proceeding under any such law law, or if corporate action shall be taken by the Company or any Subsidiary Borrower for the purposes of effecting any of the foregoing, or (fvi) by any act indicate its consent to, approval of or acquiescence in any such proceeding or the appointment of any receiver of or trustee for any Borrower or any substantial part of its property, or suffer suffers any such receivership, trusteeship or proceeding to continue undischarged for a period of sixty (60) 30 days.