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

Voluntary Bankruptcy; Insolvency; Dissolution. (i) The filing of a petition by Borrower or Mezzanine 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) the filing of any pleading or an answer by Borrower or Mezzanine Borrower in any involuntary proceeding under the Bankruptcy Code or other debtor relief law which admits the jurisdiction of the court or the petition’s material allegations regarding Borrower’s insolvency; (iii) a general assignment by Borrower or Mezzanine Borrower for the benefit of creditors; or (iv) Borrower or Mezzanine Borrower applying for, or the appointment of, a receiver, trustee, custodian or liquidator of Borrower or Mezzanine Borrower or any of its property; or

Voluntary Bankruptcy; Insolvency; Dissolution. (i) The filing of a petition by Borrower or Mezzanine Mortgage 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) the filing of any pleading or an answer by Borrower or Mezzanine Mortgage Borrower in any involuntary proceeding under the Bankruptcy Code or other debtor relief law which admits the jurisdiction of the court or the petition’s material allegations regarding Borrower’s insolvency; (iii) a general assignment by Borrower or Mezzanine Mortgage Borrower for the benefit of creditors; or (iv) Borrower or Mezzanine Mortgage Borrower applying for, or the appointment of, a receiver, trustee, custodian or liquidator of Borrower or Mezzanine Mortgage Borrower or any of its property; or

Voluntary Bankruptcy; Insolvency; Dissolution. (i) The filing of a petition by Borrower or Mezzanine Mortgage 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) the filing of any pleading or an answer by Borrower or Mezzanine Mortgage Borrower in any involuntary proceeding under the Bankruptcy Code or other debtor relief law which admits the jurisdiction of the court or the petition’s material allegations regarding Borrower’s insolvency; (iii) a general assignment by Borrower or Mezzanine Mortgage Borrower for the benefit of creditors; or (iv) Borrower or Mezzanine Borrower applying for, or the appointment of, a receiver, trustee, custodian or liquidator of Borrower or Mezzanine Mortgage Borrower or any of its property; or