Common use of Voluntary Bankruptcy; Insolvency; Dissolution Clause in Contracts

Voluntary Bankruptcy; Insolvency; Dissolution. (i) The filing of a petition by Borrower for relief under the Bankruptcy Code, or under any other present or future state or federal law regarding bankruptcy, reorganization or other debtor relief law; (ii) a general assignment by Borrower for the benefit of creditors; or

Appears in 5 contracts

Samples: Construction Loan Agreement (Equity Office Properties Trust), Loan Agreement (Gavella Corp), Construction Loan Agreement (Equity Office Properties Trust)

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Voluntary Bankruptcy; Insolvency; Dissolution. (i) The filing of a petition by Borrower for relief under the Bankruptcy Code, or under any other present or future state or federal law regarding bankruptcy, reorganization or other debtor relief law; (ii) a general assignment the filing of any pleading or an answer by Borrower for in any involuntary proceeding under the benefit Bankruptcy Code or other debtor relief law (iv) Borrower applying for, or the appointment of, a receiver, trustee, custodian or liquidator of creditorsBorrower or any of its property; or

Appears in 1 contract

Samples: Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)

Voluntary Bankruptcy; Insolvency; Dissolution. (i) The Borrower's filing of a petition by Borrower for relief under the Bankruptcy Reform Act of 1978, as amended or recodified ("Bankruptcy Code"), or under any other present or future state or federal law regarding bankruptcy, reorganization or other debtor relief law; to debtors (ii) a general assignment by Borrower for the benefit of creditors; orcollectively, "Debtor

Appears in 1 contract

Samples: Construction Loan Agreement (Fair Isaac & Company Inc)

Voluntary Bankruptcy; Insolvency; Dissolution. (i) The filing of a petition by Borrower for relief under the Bankruptcy Code, or under any other present or future state or federal law regarding bankruptcy, reorganization or other debtor relief law; (ii) a general assignment the filing of any pleading or an answer by Borrower for in any involuntary proceeding under the benefit Bankruptcy Code or other debtor relief law which admits the jurisdiction of creditors; orthe court or the petition’s material allegations regarding Borrower’s insolvency;

Appears in 1 contract

Samples: Building Loan Agreement (Sunrise Senior Living Inc)

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Voluntary Bankruptcy; Insolvency; Dissolution. (i) The filing of a petition by Borrower for relief under the Bankruptcy Code, or under any other present or future state or federal law regarding bankruptcy, reorganization or other debtor relief law; (ii) a general assignment by Borrower for the benefit of creditors; or (iii) Borrower applying for, or the appointment of, a receiver, trustee, custodian or liquidator of Borrower or any of its property; or

Appears in 1 contract

Samples: Construction Loan Agreement (Equity Office Properties Trust)

Voluntary Bankruptcy; Insolvency; Dissolution. (i) The filing of a petition by Borrower for relief under the Bankruptcy Code, or under any other present or future state or federal law regarding bankruptcy, reorganization or other debtor relief law; (ii) a general assignment by Borrower for the benefit filing of creditors; orany

Appears in 1 contract

Samples: Loan Agreement (Highland Hospitality Corp)

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