Common use of Voluntary Bankruptcy or Insolvency Proceedings Clause in Contracts

Voluntary Bankruptcy or Insolvency Proceedings. The Company shall (i) apply for or consent to the appointment of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property,

Appears in 3 contracts

Samples: Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.), Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.), MobileSmith, Inc.

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Voluntary Bankruptcy or Insolvency Proceedings. The Company shall (i) apply for or consent to the 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,

Appears in 2 contracts

Samples: Credit Agreement and Promissory Note (Probe Manufacturing Inc), Escrow Funding Agreement (Probe Manufacturing Inc)

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Voluntary Bankruptcy or Insolvency Proceedings. The Company shall (i) apply for or consent to the appointment of a receiver, trustee, liquidator or custodian of itself or of all or a substantial part of its property, (ii) 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, (iv) be dissolved or liquidated,

Appears in 1 contract

Samples: Security Agreement (Response Biomedical Corp)

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