Common use of Voluntary Petitions Clause in Contracts

Voluntary Petitions. the Borrower or any Subsidiary files a petition in voluntary bankruptcy or seeking relief under any provision of any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction, or consents to the filing of any such petition under any such law; or

Appears in 3 contracts

Samples: Loan Agreement (Intelect Communications Systems LTD), Loan Agreement (Intelect Communications Systems LTD), Loan Agreement (Coastal Corp)

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Voluntary Petitions. the Borrower The Company, Holdings or any Restricted Subsidiary files a petition in voluntary bankruptcy under the U.S. Bankruptcy Code or seeking seeks relief under any provision of any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction, whether now or hereafter in effect, or consents to the filing of any such case or petition against it under any such law; or;

Appears in 2 contracts

Samples: Loan Agreement (Startec Global Communications Corp), Loan Agreement (Startec Global Communications Corp)

Voluntary Petitions. the Borrower or any Subsidiary Obligor files a petition in voluntary bankruptcy or seeking seeks relief under any provision of any bankruptcy, reorganization, winding-up, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction, whether now or hereafter in effect, or consents to the filing of any such petition against it under any such law; or

Appears in 1 contract

Samples: Note Purchase Agreement (Rowecom Inc)

Voluntary Petitions. the Borrower Any Obligor or any Subsidiary files a voluntary petition in voluntary bankruptcy or seeking seeks relief under any provision of any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction, whether now or hereafter in effect, or consents to the filing of any such petition against it under any such law; or;

Appears in 1 contract

Samples: Note Agreement (Coho Energy Inc)

Voluntary Petitions. the Borrower or any Subsidiary files Borrower's filing of a petition in voluntary bankruptcy or seeking to seek relief under any provision of any bankruptcy, reorganization, debt arrangement, insolvency, receivership, readjustment of debt, dissolution dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or consents to the filing of any such petition against it under any such law; or.

Appears in 1 contract

Samples: Loan Agreement (Cooker Restaurant Corp /Oh/)

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Voluntary Petitions. the Borrower or any Borrower Subsidiary files a petition commencing a case in voluntary bankruptcy or seeking relief under any provision of any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or consents to the filing of any such petition or the commencement of any case against it under any such law; or;

Appears in 1 contract

Samples: Note Agreement (Acr Group Inc)

Voluntary Petitions. the Borrower The Company or any Restricted Subsidiary files a petition in voluntary bankruptcy under the U.S. Bankruptcy Code or seeking seeks relief under any provision of any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction, whether now or hereafter in effect, or consents to the filing of any such case or petition against it under any such law; or;

Appears in 1 contract

Samples: Investment and Loan Agreement (Startec Global Communications Corp)

Voluntary Petitions. the The Borrower or any Material Subsidiary files a petition in voluntary bankruptcy or seeking seeks relief under any provision of any bankruptcy, reorganization, arrangement, insolvency, readjustment of debt, dissolution or liquidation law of any jurisdiction, or consents to the filing of any such petition under any such law; or

Appears in 1 contract

Samples: Intelect Communications Inc

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