Common use of Voluntary Bankruptcy Clause in Contracts

Voluntary Bankruptcy. The commencement by the Company of a voluntary case under the Bankruptcy Code or any foreign, federal or state insolvency or similar laws or the consent by the Company to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, or similar official for Company of any of the property of the Company or the making by the Company of an assignment for the benefit of creditors, or the failure by the Company generally to pay its debts as the debts become due.

Voluntary Bankruptcy. The commencement by the Company Borrower of a voluntary case under the Bankruptcy Code or any foreign, federal or state insolvency or similar laws Laws or the consent by the Company Borrower to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, custodian or similar official for Company Borrower of any of the property of the Company Borrower, or the making by the Company Borrower of an assignment for the benefit of creditorsa creditor, or the failure by the Company a Borrower generally to pay its debts as the debts become due.

Voluntary Bankruptcy. The commencement by the any Company of a voluntary case under the Bankruptcy Code or any foreign, federal or state insolvency or similar laws or the consent by the any Company to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, or similar official for any Company of any of the property of the Company or the making by the any Company of an assignment for the benefit of creditors, or the failure by the any Company generally to pay its debts as the debts become due.

Voluntary Bankruptcy. The commencement by the Company of shall commence a voluntary case under the Bankruptcy Code or any foreign, federal or state insolvency or similar laws or the consent by the Company to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodianbankruptcy laws, or similar official for Company of any of the property of the Company or the making by the Company of shall make an assignment for the benefit of creditors, or shall apply for, consent to or acquiesce in the failure by the Company generally to pay appointment of, or taking possession by, a trustee, receiver, custodian or similar official or agent for itself or any substantial part of its debts as the debts become dueproperty.

Voluntary Bankruptcy. The commencement by the Company Debtor of a voluntary case under the Bankruptcy Code federal bankruptcy laws or any foreign, federal or state insolvency or similar laws or the consent by the Company Debtor to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, or similar official for Company Debtor of any of the property of the Company Debtor or the making by the Company Debtor of an assignment for the benefit of creditors, or the failure by the Company Debtor generally to pay its debts as the debts become due.

Voluntary Bankruptcy. The commencement by the Company Borrowers, or either of them, of a voluntary case under the Bankruptcy Code or any foreign, federal or state insolvency or similar laws Laws or the consent by the Company Borrowers to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, custodian or similar official for Company Borrowers of any of the property of the Company Borrowers, or the making by the Company Borrowers of an assignment for the benefit of creditorsa creditor, or the failure by the Company a Borrowers generally to pay its debts as the debts become due.

Voluntary Bankruptcy. The commencement by the Company Borrower of a voluntary case under the Bankruptcy Code federal bankruptcy laws or any foreign, federal or state insolvency or similar laws or the consent by the Company Borrower to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, or similar official for Company Borrower of any of the property of the Company Borrower or the making by the Company Borrower of an assignment for the benefit of creditors, or the failure by the Company Borrower generally to pay its debts as the debts become due.

Voluntary Bankruptcy. The commencement by the Company Debtor of a voluntary case under the Bankruptcy Code federal bankruptcy laws or any foreign, federal or state insolvency or similar laws or the consent by the Company Debtor to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, custodian or similar official for Company Debtor of any of the property of the Company Debtor or the making by the Company Debtor of an assignment for the benefit of creditors, or the failure by the Company Debtor generally to pay its debts as the debts become due.