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 (iii) Borrower applying for, or the appointment of, a receiver, trustee, custodian or liquidator of Borrower or any of its property; or

Appears in 6 contracts

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

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Voluntary Bankruptcy; Insolvency; Dissolution. (i1) The Trustor’s filing of a petition by Borrower for relief under the Bankruptcy CodeReform Act of 1978 as amended and rectified (“Bankruptcy Act”), 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; or (iii) Borrower applying forcollectively, or the appointment of, a receiver, trustee, custodian or liquidator of Borrower or any of its property“Debtor Relief Law”); or

Appears in 1 contract

Samples: Disposition and Development Agreement

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