Common use of Receiver or Trustee Clause in Contracts

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.)

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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 3 contracts

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

Receiver or Trustee. The Borrower or any subsidiary of the Borrower 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 2 contracts

Samples: Perfisans Holdings Inc, Perfisans Holdings Inc

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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;appointed .

Appears in 1 contract

Samples: Barrel Energy Inc.

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