Common use of Receiver or Trustee Clause in Contracts

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.)

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Receiver or Trustee. The Borrower or any Subsidiary 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 3 contracts

Samples: Convertible Note Purchase Agreement (NCT Group Inc), Securities Purchase Agreement (Immunogen Inc), Note Consolidation Agreement (NCT Group Inc)

Receiver or Trustee. The Borrower or any the 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 2 contracts

Samples: Senior Secured Convertible Debenture (Perfisans Holdings Inc), Secured Convertible Term Note (Perfisans Holdings 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 or for a substantial part of its property or business; or such a receiver or trustee shall otherwise be appointedappointed .

Appears in 1 contract

Samples: Convertible Note (Barrel Energy Inc.)

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