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 Secured Subordinated Promissory Notes (MobileSmith, Inc.), Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.), Convertible Subordinated Note Purchase Agreement (MobileSmith, Inc.)
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: Escrow Funding Agreement (Probe Manufacturing Inc), Credit Agreement (Probe Manufacturing Inc)
Voluntary Bankruptcy or Insolvency Proceedings. The Company shall shall: (i1) 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,; (2) be unable, or admit in writing its inability, to pay its debts generally as they mature;
Appears in 1 contract
Samples: Note and Warrant Purchase Agreement (SCM Microsystems Inc)
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,
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