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

Voluntary Bankruptcy; Insolvency; Dissolution. (aa) Grantor’s filing a petition 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 relief to debtors (collectively, “Debtor Relief Law”); or (bb) Grantor’s filing any pleading in any involuntary proceeding under the Bankruptcy Code or other Debtor Relief Law which admits to the petition’s material allegations regarding Xxxxxxx’s insolvency; or (cc) Grantor’s making a general assignment for the benefit of creditors; or (dd) Grantor’s applying for, or the appointment of, a receiver, trustee, custodian or liquidator of Grantor or any of its property; or (ee) the filing by or on behalf of Grantor of a voluntary petition seeking the liquidation or dissolution of Grantor or the commencement of any other procedure by or on behalf of Grantor to liquidate or dissolve Grantor.

Voluntary Bankruptcy; Insolvency; Dissolution. (aa) Grantor’s filing a petition 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 relief to debtors (collectively, “Debtor Relief Law”); or (bb) Grantor’s filing any pleading in any involuntary proceeding under the Bankruptcy Code or other Debtor Relief Law which admits to the petition’s material allegations regarding XxxxxxxGrantor’s insolvency; or (cc) Grantor’s making a general assignment for the benefit of creditors; or (dd) Grantor’s applying for, or the appointment of, a receiver, trustee, custodian or liquidator of Grantor or any of its property; or (ee) the filing by or on behalf of Grantor of a voluntary petition seeking the liquidation or dissolution of Grantor or the commencement of any other procedure by or on behalf of Grantor to liquidate or dissolve Grantor.