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

Voluntary Bankruptcy; Insolvency; Dissolution. (i) The filing of a petition by Borrower, Operating Lessee or Employer Company 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, Operating Lessee or Employer Company 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, Operating Lessee’s or Employer Company’s insolvency; (iii) a general assignment by Borrower, Operating Lessee or Employer Company for the benefit of creditors; or (iv) Borrower, Operating Lessee or Employer Company applying for, or the appointment of, a receiver, trustee, custodian or liquidator of such Borrower, Operating Lessee or Employer Company or any of its property (whether owned or leased); or

Voluntary Bankruptcy; Insolvency; Dissolution. (i) The filing of a petition by Borrower, Borrower or Operating Lessee or Employer Company for relief under the Bankruptcy Code, or under any other present or future state or federal law regarding bankruptcy, reorganization reorganization, insolvency or other debtor relief law; (ii) the filing of any pleading or an answer by Borrower, Borrower or Operating Lessee or Employer Company 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, ’s or Operating Lessee’s or Employer Company’s insolvency; (iii) a general assignment by Borrower, Borrower or Operating Lessee or Employer Company for the benefit of creditors; or (iv) Borrower, Borrower or Operating Lessee or Employer Company applying for, or the appointment of, a receiver, trustee, custodian custodian, liquidator or liquidator of such Borrower, similar official with respect to Borrower or Operating Lessee or Employer Company or any of its property (whether owned Borrower’s or leased)Operating Lessee’s property; or

Voluntary Bankruptcy; Insolvency; Dissolution. (i) The filing of a petition by Borrower, a Borrower or Operating Lessee or Employer Company 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, a Borrower or Operating Lessee or Employer Company 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 such Borrower’s, ’s or Operating Lessee’s or Employer Company’s insolvency; (iii) a general assignment by Borrower, a Borrower or Operating Lessee or Employer Company for the benefit of creditors; or (iv) Borrower, a Borrower or Operating Lessee or Employer Company applying for, or the appointment of, a receiver, trustee, custodian or liquidator of such Borrower, Borrower or Operating Lessee or Employer Company or any of its property (whether owned or leased); or