Common use of Voluntary Petitions Clause in Contracts

Voluntary Petitions. Any Borrower Entity's filing of a petition in voluntary bankruptcy or to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or their consent to the filing of any petition against them under any such law.

Appears in 3 contracts

Samples: Loan Agreement (Physicians Resource Group Inc), Loan Agreement (Physicians Resource Group Inc), Loan Agreement (Renal Care Group Inc)

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Voluntary Petitions. Any Borrower Entity's or any Guarantor files (or takes formal company action authorizing the filing of of) a petition in voluntary bankruptcy petition or other petition to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, dissolution or liquidation law of any jurisdiction, whether now jurisdiction or hereafter in effect, or their consent consents to the filing of any such petition against them it under any such law.; or

Appears in 3 contracts

Samples: Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc), Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc), Revolving Credit Loan Agreement (Cumberland Pharmaceuticals Inc)

Voluntary Petitions. Any Borrower Significant Consolidated Entity's filing of a petition in voluntary bankruptcy or to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or their consent to its acquiescence in the filing of any petition against them it under any such law.

Appears in 3 contracts

Samples: Loan Agreement (Seafield Capital Corp), Loan Agreement (Response Oncology Inc), Loan Agreement (Response Oncology Inc)

Voluntary Petitions. Any Borrower Entity's filing of files a petition commencing a case in voluntary bankruptcy or to seek seeking relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or their consent consents to the filing of any petition or the commencement of any case against them it under any such law.;

Appears in 2 contracts

Samples: Loan Agreement (Gexa Corp), Loan Agreement (Arabian American Development Co)

Voluntary Petitions. Any Borrower Entity's or any Obligor files (or takes formal action authorizing the filing of or takes affirmative steps to prepare to file) a petition in voluntary bankruptcy petition or other petition to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, dissolution or liquidation law of any jurisdiction, whether now jurisdiction or hereafter in effect, or their consent consents to the filing of any such petition against them it under any such law.

Appears in 2 contracts

Samples: Loan Agreement (Better Choice Co Inc.), Loan Agreement (Better Choice Co Inc.)

Voluntary Petitions. Any Borrower Entity's filing of files a petition in voluntary bankruptcy ------------------- petition or other petition to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, dissolution or liquidation law of any jurisdiction, whether now jurisdiction or hereafter in effect, or their consent consents to the filing of any such petition against them it under any such law.; or

Appears in 2 contracts

Samples: Loan Agreement (Chemfirst Inc), Loan Agreement (Chemfirst Inc)

Voluntary Petitions. Any Borrower Entity's or any Guarantor files (or takes formal company action authorizing the filing of of) a petition in voluntary bankruptcy petition or other petition to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, dissolution or liquidation law of any jurisdiction, whether now jurisdiction or hereafter in effect, or their consent consents to the filing of any such petition against them it under any such law.; or (f)

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement, Revolving Credit Loan Agreement

Voluntary Petitions. Any Borrower Borrower's or any other ARC Entity's filing of a petition in voluntary bankruptcy or to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or their its consent to the filing of any petition against them it under any such law.

Appears in 1 contract

Samples: Construction Loan Agreement (American Retirement Corp)

Voluntary Petitions. Any Borrower Consolidated Entity's ’s filing of a petition in voluntary bankruptcy or to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or their consent to its acquiescence in the filing of any petition against them it under any such law.

Appears in 1 contract

Samples: Credit Agreement (Alfa Corp)

Voluntary Petitions. Any Borrower Entity's or any of its Subsidiaries files (or takes formal company action authorizing the filing of of) a petition in voluntary bankruptcy petition or other petition to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, dissolution or liquidation law of any jurisdiction, whether now jurisdiction or hereafter in effect, or their consent consents to the filing of any such petition against them it under any such law.; or

Appears in 1 contract

Samples: Loan Agreement (Healthstream Inc)

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Voluntary Petitions. Any Borrower Entity's filing of files a petition in voluntary bankruptcy or to seek seeking relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, dissolution or liquidation law of any jurisdiction, whether now or hereafter in effect, or their consent consents to the filing of or any order for relief under any petition against them it under any such law.;

Appears in 1 contract

Samples: Note Purchase Agreement (Pope Resources LTD Partnership)

Voluntary Petitions. Any Borrower Consolidated Entity's filing of a petition in voluntary bankruptcy or to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or their consent to its acquiescence in the filing of any petition against them it under any such law.

Appears in 1 contract

Samples: Credit Agreement (Response Oncology Inc)

Voluntary Petitions. Any Borrower Entity's filing of or General Partner files (or takes affirmative steps to prepare to file) a petition in voluntary bankruptcy petition or other petition to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, dissolution or liquidation law of any jurisdiction, whether now jurisdiction or hereafter in effect, or their consent consents to the filing of any such petition against them it under any such law.; or

Appears in 1 contract

Samples: Credit Agreement (National Health Realty Inc)

Voluntary Petitions. Any Borrower Entity's filing of files (or takes affirmative steps to prepare to file) a petition in voluntary bankruptcy petition or other petition to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, dissolution or liquidation law of any jurisdiction, whether now jurisdiction or hereafter in effect, or their consent consents to the filing of any such petition against them it under any such law.; or

Appears in 1 contract

Samples: Revolving Credit Note (Central Parking Corp)

Voluntary Petitions. Any The Borrower Entity's filing of or any Guarantor files a petition in voluntary bankruptcy or to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, assignment of assets or general arrangement for the benefit of creditors, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or their consent consents to the filing of any petition against them it under any such law.; or (g)

Appears in 1 contract

Samples: Credit Agreement (Cracker Barrel Old Country Store Inc)

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