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, and shall remain unvacated, unbonded or unstayed for a period of forty-five days.
Appears in 3 contracts
Samples: Secured Term Note (EMTA Holdings, Inc.), Secured Term Note (Host America Corp), Secured Term Note (EMTA Holdings, 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, appointed and shall remain unvacated, unbonded or in effect and unstayed for a period of forty-five ninety (90) days.
Appears in 1 contract
Samples: Convertible Term Note (Equifin Inc)
