Common use of Receiver or Trustee Clause in Contracts

Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 470 contracts

Samples: Oid Note (American Rebel Holdings Inc), Convertible Debenture (Caro Holdings Inc.), Convertible Debenture (Caro Holdings Inc.)

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Receiver or Trustee. The Borrower or any of its Subsidiaries shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 88 contracts

Samples: Securities Purchase Agreement (Leo Motors, Inc.), 10% Convertible Note (Entest Biomedical, Inc.), 10% Convertible Note (Entest Biomedical, Inc.)

Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; , or such a receiver or trustee shall otherwise be appointed.

Appears in 83 contracts

Samples: Membership Interest Purchase Agreement (Accredited Solutions, Inc.), Legal Services Agreement (Accredited Solutions, Inc.), Secured Promissory Note (HFactor, Inc.)

Receiver or Trustee. The Borrower or any Subsidiary of Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it them or for a substantial part of its their property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 69 contracts

Samples: Assignment and Escrow Agreement (Attitude Drinks Inc.), Note and Warrant Agreement (Attitude Drinks Inc.), Subscription Agreement (NextMart Inc.)

Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; , or such a receiver or trustee shall otherwise be appointed.;

Appears in 28 contracts

Samples: Securities Purchase Agreement (Fuelstream INC), Securities Purchase Agreement (Titan Iron Ore Corp.), Securities Purchase Agreement (TagLikeMe Corp.)

Receiver or Trustee. The Any Borrower or any of its Subsidiaries shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 21 contracts

Samples: Secured Term Note (Thomas Equipment, Inc.), Secured Term Note (Thomas Equipment, Inc.), Secured Term Note (Thomas Equipment, Inc.)

Receiver or Trustee. The Borrower shall make an assignment for the ------------------- benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 13 contracts

Samples: Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/)

Receiver or Trustee. The Each of Borrower or its subsidiaries, if any, shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed; or shall become insolvent or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any.

Appears in 10 contracts

Samples: Convertible Debenture (Tauriga Sciences, Inc.), Convertible Security Agreement (Tauriga Sciences, Inc.), Convertible Debenture (Tauriga Sciences, Inc.)

Receiver or Trustee. The Borrower or any Subsidiary shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 9 contracts

Samples: Subscription Agreement (Wizard World, Inc.), Subscription Agreement (Wizard World, Inc.), Subscription Agreement (Attitude Drinks Inc.)

Receiver or Trustee. The Borrower shall make an assignment -------------------- for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 8 contracts

Samples: Convertible Note (Family Room Entertainment Corp), Note (Youbet Com Inc), Note (Youbet Com Inc)

Receiver or Trustee. The Borrower or any material subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; , or such a receiver or trustee shall otherwise be appointed.

Appears in 7 contracts

Samples: Securities Purchase Agreement (NKGen Biotech, Inc.), Securities Purchase Agreement (NKGen Biotech, Inc.), Securities Purchase Agreement (NKGen Biotech, Inc.)

Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it its or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 7 contracts

Samples: Promissory Note (Gold Swap Inc), Promissory Note (Gold Swap Inc), Promissory Note (Gold Swap Inc)

Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; , or such a receiver or trustee shall otherwise be appointed.;

Appears in 6 contracts

Samples: Securities Purchase Agreement (Private Media Group Inc), Securities Purchase Agreement (Private Media Group Inc), Secured Convertible Note (Sentinel Emergency Response Technology, Inc.)

Receiver or Trustee. The Borrower or any material subsidiary of Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 6 contracts

Samples: Second Consolidated Amendment Agreement (Cellteck Inc.), Loan Agreement (Cellteck Inc.), Consolidated Amendment Agreement (Cellteck Inc.)

Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditorsHolders or apply for, or apply for or consent to to, the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 6 contracts

Samples: Convertible Note Agreement (BRB Foods Inc.), Convertible Note (Nyiax, Inc.), Convertible Note (Nyiax, Inc.)

Receiver or Trustee. The Borrower shall make an assignment ------------------- for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 5 contracts

Samples: Note Purchase Agreement (Youbet Com Inc), Convertible Note (One Voice Technologies Inc), Note (Youbet Com Inc)

Receiver or Trustee. The Borrower or any Subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; , or such a receiver or trustee shall otherwise be appointed.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Digital Brands Group, Inc.), Securities Purchase Agreement (Digital Brands Group, Inc.), Securities Purchase Agreement (Digital Brands Group, Inc.)

Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, creditors or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; , or such a receiver or trustee shall otherwise be appointed.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Blue Star Foods Corp.), Securities Purchase Agreement (RespireRx Pharmaceuticals Inc.), Securities Purchase Agreement (RespireRx Pharmaceuticals Inc.)

Receiver or Trustee. The Borrower shall make makes an assignment for the benefit of creditors, or apply applies for or consent consents to the appointment of a receiver or trustee for it the Borrower or for a substantial part of its property or business; business or such a receiver or trustee shall is otherwise be appointed.

Appears in 4 contracts

Samples: Merger Agreement (Sys), Convertible Note (Sys), Subscription Agreement (Sys)

Receiver or Trustee. The Borrower shall make an assignment for the --------------------- benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 4 contracts

Samples: Convertible Note (Imaging Technologies Corp/Ca), Convertible Note (Imaging Technologies Corp/Ca), Convertible Note (Imaging Technologies Corp/Ca)

Receiver or Trustee. The Borrower shall make an assignment --------------------- for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 3 contracts

Samples: Convertible Note (Global Telemedia International Inc), Convertible Note (Global Telemedia International Inc), Convertible Note (Global Telemedia International Inc)

Receiver or Trustee. The Borrower or any subsidiary of Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; , or such a receiver or trustee shall otherwise be appointed.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (SeqLL, Inc.), Securities Purchase Agreement, Convertible Note Purchase Agreement (TechCare Corp.)

Receiver or Trustee. The Borrower shall make an assignment for ------------------- the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 3 contracts

Samples: Convertible Note (Kaire Holdings Inc), Convertible Note (Kaire Holdings Inc), Convertible Note (Kaire Holdings Inc)

Receiver or Trustee. The Borrower shall make an assignment for the benefit ------------------- of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 2 contracts

Samples: Subscription Agreement (Advanced Aerodynamics & Structures Inc/), Subscription Agreement (Advanced Aerodynamics & Structures Inc/)

Receiver or Trustee. The Borrower or any of its --------------------- Subsidiaries shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 2 contracts

Samples: Secured Term Note (Elec Communications Corp), Secured Term Note (Elec Communications Corp)

Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, creditors or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 2 contracts

Samples: Convertible Note Agreement (IIOT-OXYS, Inc.), Convertible Note (IIOT-OXYS, Inc.)

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Receiver or Trustee. The Borrower or any Subsidiary of Borrower --------------------- shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it them or for a substantial part of its their property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Secured Convertible Promissory Note (FTS Group, Inc.)

Receiver or Trustee. The Borrower or any of its subsidiaries shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Stock Purchase Agreement (Catalyst Ventures Inc)

Receiver or Trustee. The Borrower or any Subsidiary of Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.; or

Appears in 1 contract

Samples: Secured Convertible Promissory Note (Cyclone Power Technologies Inc)

Receiver or Trustee. The Borrower shall make Borrower's or any subsidiary of the Borrower's entering into an assignment for the benefit of creditors, or apply application for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; , or such a receiver or trustee shall otherwise be appointed.;

Appears in 1 contract

Samples: Promissory Note (Esports Technologies, Inc.)

Receiver or Trustee. The Borrower or its Subsidiary shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Secured Convertible Term Note (Adstar Inc)

Receiver or Trustee. The Borrower shall make an ------------------- assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Convertible Note (One Voice Technologies Inc)

Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.;

Appears in 1 contract

Samples: Convertible Promissory Note (Red Giant Entertainment, Inc.)

Receiver or Trustee. The Borrower or any Subsidiary of Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it them or for a substantial part of its their property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Convertible Note (Trend Mining Co)

Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it all or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Promissory Note (Guardion Health Sciences, Inc.)

Receiver or Trustee. The Borrower shall make an assignment for --------------------- the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Convertible Note (Endovasc LTD Inc)

Receiver or Trustee. The Borrower or any of its Subsidiaries shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Secured Term Note (Elec Communications Corp)

Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it them or for a substantial part of its their property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Convertible Note (Phytomedical Technologies Inc)

Receiver or Trustee. The Borrower or any Subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; , or such a receiver or trustee shall otherwise be appointed.. ​

Appears in 1 contract

Samples: Securities Purchase Agreement (Digital Brands Group, Inc.)

Receiver or Trustee. The Borrower or any of its Subsidiaries shall --------------------- make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Secured Convertible Term Note (Sequiam Corp)

Receiver or Trustee. The Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a receiver receiv er or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Note Purchase Agreement (PCS Edventures Com Inc)

Receiver or Trustee. The Borrower or any Subsidiary of Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; , or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Debt Exchange Agreement (La Rosa Holdings Corp.)

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