Common use of Receiver, etc Clause in Contracts

Receiver, etc. A receiver or trustee shall be appointed for the Borrower or for any substantial part of the Borrower’s assets, or any proceedings shall be instituted for the dissolution or the full or partial liquidation of the Borrower and, except with respect to any such appointments requested or instituted by the Borrower, such receiver or trustee shall not be discharged within ninety (90) days of his or her appointment, and, except with respect to any such proceedings instituted by the Borrower, such proceedings shall not be discharged within ninety (90) days of their commencement;

Appears in 3 contracts

Samples: Master Loan and Security Agreement (Oxford Finance Corp), Master Loan and Security Agreement (Oxford Finance Corp), Master Loan and Security Agreement (Oxford Finance Corp)

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Receiver, etc. A receiver or trustee shall be appointed for the Borrower or for any substantial part of the Borrower’s assets, or any proceedings shall be instituted for the dissolution or the full or partial liquidation of the Borrower and, except with respect to any such appointments requested or instituted by the Borrower, such receiver or trustee shall not be discharged within ninety sixty (9060) days of his or her appointment, and, except with respect to any such proceedings instituted by the Borrower, such proceedings shall not be discharged within ninety sixty (9060) days of their commencement;

Appears in 3 contracts

Samples: Credit Agreement (Donegal Group Inc), Credit Agreement (Donegal Group Inc), Credit Agreement (Donegal Group Inc)

Receiver, etc. A receiver or trustee shall be appointed for the any Borrower or for any substantial part of the Borrower’s Borrowers’ assets, or any proceedings shall be instituted for the dissolution or the full or partial liquidation of the any Borrower and, except with respect to any such appointments requested or instituted by the BorrowerBorrowers, such receiver or trustee shall not be discharged within ninety (90) days of his or her appointment, and, except with respect to any such proceedings instituted by the any Borrower, such proceedings shall not be discharged within ninety (90) days of their commencement;

Appears in 1 contract

Samples: Credit and Security Agreement (Keyw Holding Corp)

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Receiver, etc. A receiver or trustee shall be appointed for the any Borrower or for any substantial part of the Borrower’s assets, or any proceedings shall be instituted for the dissolution or the full or partial liquidation of the Borrower and, except with respect to any such appointments requested or instituted by the Borrower, such receiver or trustee shall not be discharged within ninety forty-five (9045) days of his or her appointment, and, except with respect to any such proceedings instituted by the Borrower, such proceedings shall not be discharged within ninety forty-five (9045) days of their commencement;

Appears in 1 contract

Samples: Credit and Security Agreement (International Assets Holding Corp)

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