Common use of Voluntary Bankruptcy or Insolvency Proceeding Clause in Contracts

Voluntary Bankruptcy or Insolvency Proceeding. The Company shall (i) apply for or consent to the appoint of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, (ii) make a general assignment for the benefit of its or any of its creditors, (iii) be dissolved or liquidated in full or in substantial part, (iv) commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or consent to any such relief or to the appointment of or taking possession of its property by any official in an involuntary case or other proceeding commenced against it, or (v) take any action for the purpose of effecting any of the foregoing.

Voluntary Bankruptcy or Insolvency Proceeding. The Company shall (i) apply for or consent to the appoint appointment of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, (ii) be unable, or admit in writing its inability, to pay its debts generally as they mature, (iii) make a general assignment for the benefit of its or any of its creditors, (iiiiv) be dissolved or liquidated in full or in substantial part, (ivv) commence a voluntary case or other proceeding seeking liquidation, reorganization reorganization, or other relief with respect to itself or its debts under any bankruptcy, insolvency insolvency, or other similar law now or hereafter in effect or consent to any such relief or to the appointment of or taking possession of its property by any official in an involuntary case or other proceeding commenced against it, or (vvi) take any action for the purpose of effecting any of the foregoing.; or