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 468 contracts

Samples: Caro Holdings Inc., Caro Holdings Inc., 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 89 contracts

Samples: Securities Purchase Agreement (Leo Motors, Inc.), Securities Purchase Agreement (Petrol Oil & Gas Inc), Subordination Agreement (Bio Key International 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 81 contracts

Samples: Securities Purchase Agreement (Clean Energy Technologies, Inc.), Securities Purchase Agreement (NovAccess Global Inc.), Asset Purchase Agreement (Gelstat Corp)

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.), Secured Convertible Note (Attitude Drinks Inc.), Subscription Agreement (NextMart Inc.)

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 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 14 contracts

Samples: Subscription Agreement (Attitude Drinks Inc.), Subscription Agreement (Attitude Drinks Inc.), Assignment and Escrow 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 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 (KonaRed Corp), Tauriga Sciences, Inc., 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: Youbet Com Inc, Youbet Com Inc, Youbet Com 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: Note (Gold Swap Inc), Note (Gold Swap Inc), Note (Gold Swap 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: First Consolidated Amendment Agreement (Cellteck Inc.), Second Consolidated Agreement (Cellteck Inc.), Third Consolidated Amendment Agreement (Cellteck 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), Sentinel Emergency Response Technology, 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.), Nyiax, Inc., Nyiax, 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 6 contracts

Samples: Securities Purchase Agreement (NKGen Biotech, Inc.), Registration Rights Agreement (NKGen Biotech, Inc.), Registration Rights 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 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), Youbet Com Inc, One Voice 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 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 4 contracts

Samples: Securities Purchase Agreement (RespireRx Pharmaceuticals Inc.), Securities Purchase Agreement (RespireRx Pharmaceuticals Inc.), Securities Purchase Agreement (RespireRx Pharmaceuticals 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 4 contracts

Samples: Imaging Technologies Corp/Ca, Imaging Technologies Corp/Ca, Imaging Technologies Corp/Ca

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: Non Compete and Lockup Agreement (Sys), Subscription Agreement (Sys), 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 3 contracts

Samples: Kaire Holdings Inc, Kaire Holdings Inc, 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 3 contracts

Samples: Global Telemedia International Inc, Global Telemedia International Inc, 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, 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: IIOT-OXYS, Inc., IIOT-OXYS, 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 (Elec Communications Corp), 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 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/)

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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: 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: 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: Endovasc LTD 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: 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 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: Phytomedical Technologies 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: FTS Group, 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 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: Esports 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.. 4.5

Appears in 1 contract

Samples: Ventures National 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 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 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: Cyclone Power Technologies 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.)

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: Red Giant Entertainment, 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: 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 or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: One Voice Technologies Inc

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