Common use of Voluntary Bankruptcy Clause in Contracts

Voluntary Bankruptcy. The written admission by the Operator, that it is bankrupt, or the filing by the Operator of a voluntary petition under the Federal Bankruptcy Code, or the consent by the Operator to the appointment by a court of a receiver or trustee for all or a substantial portion of its property or business, or the making by the Operator of any arrangement with or for the benefit of its creditors involving an assignment to a trustee, receiver or similar fiduciary, regardless of how designated, of all or a substantial portion of the Operator’s property or business; and

Voluntary Bankruptcy. The written Written admission by the Operator, a party that it is bankrupt, ; or the filing by the Operator a party of a voluntary petition under the Federal Bankruptcy Code, Act; or the consent by the Operator a party to the court appointment by a court of a receiver or trustee for all or a substantial portion of its property or business, ; or the making by the Operator of any arrangement with by a party with, or for the benefit of of, its creditors involving an assignment or assigning to a trustee, receiver receiver, or similar fiduciary, functionary (regardless of how designated, of ) all or a substantial portion of the Operatora party’s property or business; andor by becoming insolvent.

Voluntary Bankruptcy. The written admission by the Operator, District that it is bankrupt, or the filing by the Operator District of a voluntary petition under the Federal Bankruptcy Code, or the consent by the Operator District to the appointment by a court of a receiver or trustee for all or a substantial portion of its property or business, or the making by the Operator District of any arrangement with or for the benefit of its creditors involving an assignment to a trustee, receiver or similar fiduciary, regardless of how designated, of all or a substantial portion of the OperatorDistrict’s property or business; and

Voluntary Bankruptcy. The written Written admission by the Operator, a Party that it is bankrupt, ; or the filing by the Operator a Party of a voluntary petition under the Federal Bankruptcy Code, Act; or the consent by the Operator a Party to the court appointment by a court of a receiver or trustee for all or a substantial portion of its property or business, ; or the making by the Operator of any arrangement with by a Party with, or for the benefit of of, its creditors involving an assignment or assigning to a trustee, receiver receiver, or similar fiduciary, functionary (regardless of how designated, of ) all or a substantial portion of the Operatora Party’s property or business; andor by becoming insolvent.