Common use of Receivers Clause in Contracts

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 34 contracts

Samples: Credit Agreement, Loan Agreement (Wayfair Inc.), Loan Agreement (Wayfair Inc.)

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Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 15 contracts

Samples: Loan Agreement (Mimedx Group, Inc.), Loan Agreement (California First National Bancorp), Loan Agreement (DJSP Enterprises, Inc.)

Receivers. A receiver or similar official is appointed for a substantial portion of the any Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 7 contracts

Samples: Loan Agreement (Resources Connection Inc), Loan Agreement (Ambassadors International Inc), Loan Agreement (Radiant Logistics, Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the any Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 6 contracts

Samples: Loan Agreement (Radiant Logistics, Inc), Loan Agreement (Air T Inc), Loan Agreement (California First National Bancorp)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor Borrower is anything other than a natural person, such Obligor Borrower is liquidated or dissolved.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Odyssey Marine Exploration Inc), Loan Agreement (Odyssey Marine Exploration Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Subsidiary’s or Obligor’s business, or the business is terminated, or, if any Subsidiary or Obligor is anything other than a natural person, such Subsidiary or Obligor is liquidated or dissolved.

Appears in 3 contracts

Samples: Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (Cumberland Pharmaceuticals Inc)

Receivers. A receiver or similar official is appointed for a substantial any portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (American Rebel Holdings Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if or any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Redhook Ale Brewery Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's or any Obligor’s 's business, or the business of the Borrower or any Obligor is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Business Loan Agreement (Charlotte Russe Holding Inc)

Receivers. A receiver or similar official is appointed for a substantial any portion of the Borrower’s or any Obligor’s business, ,or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Note and Agreement (Premier Exhibitions, Inc.)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s Borrowers or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Decorize Inc)

Receivers. A receiver or similar official is appointed for a substantial any portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.. 9.7

Appears in 1 contract

Samples: Real Estate Loan Agreement

Receivers. A receiver or similar official is appointed for a substantial portion of the a Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Mexco Energy Corp)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.. 8.7

Appears in 1 contract

Samples: Loan Agreement (Pope Resources LTD Partnership)

Receivers. A receiver or similar official is appointed for a substantial any portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Estate Loan Agreement (Diversified Restaurant Holdings, Inc.)

Receivers. A receiver or similar official is appointed for a substantial any portion of the Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Note and Agreement (Trey Resources Inc)

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Receivers. A receiver receiver, receiver-manager, or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (American Locker Group Inc)

Receivers. A receiver or similar official is appointed for a substantial any portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (American Restaurant Concepts Inc)

Receivers. A With respect to any Borrower, a receiver or similar official is appointed for a substantial portion of the such Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Iaso Pharma Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s Borrowers or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Insys Therapeutics, Inc.)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s or any Subsidiary’s business, or the business is terminated, or, if any Obligor or any Subsidiary is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Premier Exhibitions, Inc.)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if or any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Craft Brewers Alliance, Inc.)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.. 9.7

Appears in 1 contract

Samples: Loan Agreement (DLH Holdings Corp.)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's or any Obligor’s Obligors business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (American Shared Hospital Services)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's (or any Obligor’s 's) business, or the business is terminated, or, if or any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Business Loan Agreement (National Rv Holdings Inc)

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