Voluntary Bankruptcy or Insolvency. If Borrower shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian (or other similar official) of Borrower or for any substantial part of its property, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action in furtherance of any of the foregoing.
Appears in 14 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Knightscope, Inc.), Loan and Security Agreement (Aruba Networks, Inc.)
Voluntary Bankruptcy or Insolvency. If Borrower shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any applicable bankruptcy, insolvency or other similar law now or hereafter in effecteffect or seeking the appointment of a trustee, shall consent to the entry receiver, liquidator, custodian or other similar official of an order for relief in an involuntary case under its or any such lawsubstantial part of its property, or shall consent to any such relief or to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian (any such official in an involuntary case or other similar official) of Borrower or for any substantial part of its propertyproceeding commenced against it, or shall make a general assignment for the benefit of creditors, creditors or shall fail generally to pay its debts as they become due, or shall take any corporate action in furtherance of to authorize any of the foregoing.
Appears in 3 contracts
Samples: Loan and Security Agreement (Castellum, Inc.), Loan and Security Agreement (Castellum, Inc.), Term Loan and Security Agreement (Castellum, Inc.)
Voluntary Bankruptcy or Insolvency. If Borrower or any Subsidiary shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian (or other similar official) of Borrower or for any substantial part of its property, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action in furtherance of any of the foregoing.
Appears in 2 contracts
Samples: Loan and Security Agreement (Urgent.ly Inc.), Loan and Security Agreement (Tempo Automation Holdings, Inc.)
Voluntary Bankruptcy or Insolvency. If Borrower shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian (or other similar official) of Borrower or for any substantial part of its property, or shall make a general assignment for the benefit of creditors, or is insolvent, or shall fail generally to pay its debts as they become due, or shall take any corporate action in furtherance of any of the foregoing.
Appears in 2 contracts
Samples: Loan and Security Agreement (Maxygen Inc), Loan and Security Agreement (Codexis Inc)
Voluntary Bankruptcy or Insolvency. If Borrower shall commence a ---------------------------------- voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian (or other similar official) of Borrower or for any substantial part of its property, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action in furtherance of any of the foregoing.
Appears in 1 contract
Samples: Loan and Security Agreement (Copper Mountain Networks Inc)
Voluntary Bankruptcy or Insolvency. If Borrower shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, shall consent to the entry of an order for relief in an involuntary case under any such law, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian (or other similar official) of Borrower or for any substantial part of its property, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action in furtherance of any of the foregoing.,
Appears in 1 contract
Samples: Loan and Security Agreement (Soundbite Communications Inc)
