Common use of Receiver; Bankruptcy Clause in Contracts

Receiver; Bankruptcy. An Act of Bankruptcy occurs with respect to the Borrowers or any of the Borrowers becomes generally unable to pay its debts as they become due; provided, however, if a proceeding with respect to an Act of Bankruptcy is filed or commenced against any of the Borrowers, the same shall not constitute an Event of Default if such proceeding is dismissed within sixty (60) days from the date of such Act of Bankruptcy.

Receiver; Bankruptcy. An Act of Bankruptcy occurs with respect to the Borrowers Borrower or any of the Borrowers Borrower becomes generally unable to pay its debts as they become due; provided, however, if a proceeding with respect to an Act of Bankruptcy is filed or commenced against any of the BorrowersBorrower, the same shall not constitute an Event of Default if such proceeding is dismissed within sixty ninety (6090) days from the date of such Act of Bankruptcy.

Receiver; Bankruptcy. An Act of Bankruptcy occurs with respect to any of the Borrowers or any of the Borrowers Qualified Intermediary becomes generally unable to pay its debts as they become due; provided, however, if a proceeding with respect to an Act of Bankruptcy is filed or commenced against any of the BorrowersBorrowers or any Qualified Intermediary, the same shall not constitute an Event of Default if such proceeding is dismissed within sixty (60) days from the date of such Act of Bankruptcy.

Receiver; Bankruptcy. An Act of Bankruptcy occurs with respect to any of the Borrowers or any of the Borrowers becomes generally unable to pay its debts as they become due; provided, however, if a proceeding with respect to an Act of Bankruptcy is filed or commenced against any of the Borrowers, the same shall not constitute an Event of Default if such proceeding is dismissed within sixty (60) days from the date of such Act of Bankruptcy.

Receiver; Bankruptcy. 76 An Act of Bankruptcy occurs with respect to the Borrowers or any of the Borrowers becomes generally unable to pay its debts as they become due; provided, however, if a proceeding with respect to an Act of Bankruptcy is filed or commenced against any of the Borrowers, the same shall not constitute an Event of Default if such proceeding is dismissed within sixty (60) days from the date of such Act of Bankruptcy.

Receiver; Bankruptcy. An Act of Bankruptcy occurs with respect to the Borrowers any Borrower or any of the Borrowers Borrower becomes generally unable to pay its debts as they become due; provided, however, if a proceeding with respect to an Act of Bankruptcy is filed or commenced against any of the BorrowersBorrower, the same shall not constitute an Event of Default if such proceeding is dismissed within sixty (60) days from the date of such Act of Bankruptcy.