Voluntary Bankruptcy Proceedings. The Borrower, any Guarantor or any of their respective Subsidiaries, (i) shall make an assignment for the benefit of creditors, or admit in writing its general inability to pay or generally fail to pay its debts as they mature or become due, or shall petition or apply for the appointment of a trustee or other custodian, liquidator, receiver or similar official for it or any substantial part of its assets, (ii) shall commence any case or other proceeding relating to it under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation or similar law of any jurisdiction, now or hereafter in effect, or (iii) shall take any action to authorize or in furtherance of any of the foregoing; provided that the events described in this §10.1(f) as to any Subsidiary of the Borrower that is not a Guarantor or Unencumbered Pool Asset Owner shall not constitute an Event of Default unless the value of the assets of any such Subsidiary or Subsidiaries that is not a Guarantor or Unencumbered Pool Asset Owner (calculated, to the extent applicable, consistent with the calculation of Consolidated Total Adjusted Asset Value) subject to an event or events described in §10.1(f) and §10.1(g) exceeds $100,000,000.00 individually or in the aggregate;
Voluntary Bankruptcy Proceedings. The Borrower, any Guarantor or any of their respective Subsidiaries, (i) shall make an assignment for the benefit of creditors, or admit in writing its general inability to pay or generally fail to pay its debts as they mature or become due, or shall petition or apply for the appointment of a trustee or other custodian, liquidator or receiver for it or any substantial part of its assets, (ii) shall commence any case or other proceeding relating to it under any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation or similar law of any jurisdiction, now or hereafter in effect, or (iii) shall take any action to authorize or in furtherance of any of the foregoing.
Voluntary Bankruptcy Proceedings. The filing by any Obligor of a voluntary petition in bankruptcy, or the adjudication of any Obligor as bankrupt or insolvent, or the filing by any Obligor of a petition or answer seeking or acquiescing in any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief for such Obligor under any present or future federal, state, or other statute, law, or regulation relating to bankruptcy, insolvency, or other relief for debtors, or any Obligor seeks or consents to, or acquiesces in, the appointment of any trustee, receiver, or liquidator of such Obligor or of all or any substantial part of such Obligor’s property or of any or all of the rents, revenues, issues, earnings, profits, or income thereof, or any Obligor makes any general assignment for the benefit of creditors or admits in writing an inability to pay such Obligor’s debts generally as they become due;
Voluntary Bankruptcy Proceedings. Etc. -- the Association files a petition in voluntary bankruptcy or seeks relief under any provision of any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction, whether now or subsequently in effect; or consents to the filing of any petition against it under any such law; or consents to the appointment of or taking possession by a custodian, receiver, trustee or liquidator of the Association, or of all or any part of its Property, or makes an assignment for the benefit of its creditors.
Voluntary Bankruptcy Proceedings. The filing by any Loan Party or any Affiliated Property Manager of a voluntary petition in bankruptcy, or the adjudication of any Loan Party or Affiliated Property Manager as bankrupt or insolvent, or the filing by any Loan Party or Affiliated Property Manager of a petition or answer seeking or acquiescing in any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief for such Loan Party or Affiliated Property Manager under any present or future federal, state, or other statute, law, or regulation relating to bankruptcy, insolvency, or other relief for debtors (collectively, an “Insolvency Protection Proceeding”), or any Loan Party or Affiliated Property Manager aids, facilitates or engineers a voluntary or involuntary Insolvency Protection Proceeding or consents to, or acquiesces in, the appointment of any trustee, receiver, or liquidator of such Loan Party or Affiliated Property Manager or of all or any substantial part of such Loan Party’s or Affiliated Property Manager’s property or of any or all of the rents, revenues, issues, earnings, profits, or income thereof, or any Loan Party or Affiliated Property Manager makes any general assignment for the benefit of creditors or admits in writing an inability to pay such Loan Party’s debts generally as they become due; or any of the foregoing events occurs with a Property Manager that is not an Affiliated Property Manager, provided that Borrower shall have thirty (30) days after the initial occurrence of the prohibited act to replace such Property Manager with a replacement Property Manager and replace the Property Management Agreement with a replacement Property Management Agreement, in each case acceptable to Lender in its good faith discretion;
Voluntary Bankruptcy Proceedings. Insolvency -- the -------------------------------------------- Company shall (1) be generally not paying its debts as they become due or admits in writing its inability to pay its debts generally as they become due, (2) file, or consent by answer or otherwise to the filing against it of, a petition for relief or reorganization or arrangement or any other petition in bankruptcy, for liquidation or to take advantage of any bankruptcy or insolvency law of any jurisdiction, (3) make an assignment for the benefit of its creditors, (4) consent to the appointment of a custodian, receiver, trustee or other officer with similar powers of itself or of any substantial part of its property, (5) be adjudicated insolvent or be liquidated, or (6) take corporate action for the purpose of any of the foregoing; or
Voluntary Bankruptcy Proceedings. Purchaser shall (A) apply for or consent to the appointment of a receiver, trustee, liquidator or similar official for all or any substantial part of the property of Purchaser, (B) admit in writing its inability to pay its debts as they mature, (C) make a general assignment for the benefit of its creditors, (D) be adjudicated bankrupt or insolvent, (E) file a voluntary petition in bankruptcy or an answer seeking reorganization or seeking to take advantage of any applicable insolvency law, (F) file any answer admitting the material allegations of a petition filed against Purchaser in any bankruptcy, reorganization or insolvency proceeding, or (G) take any corporate action for the purpose of effecting any of the foregoing under any bankruptcy, insolvency or any other applicable law.
