Common use of Voluntary Petitions Clause in Contracts

Voluntary Petitions. Any 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, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or its acquiescence in the filing of any petition against 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)

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Voluntary Petitions. Any Significant Consolidated 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 its acquiescence in their consent to the filing of any petition against it them under any such law.

Appears in 3 contracts

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

Voluntary Petitions. Any Significant 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, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or its acquiescence in the filing of any petition against it under any such law.

Appears in 1 contract

Samples: Credit Agreement (Alfa Corp)

Voluntary Petitions. Any Significant Consolidated Entity's filing of (iii) any Obligor files a petition in voluntary bankruptcy or to seek seeks relief under any provision of any bankruptcy, reorganization, debt winding-up, arrangement, insolvency, receivership, readjustment of debt, dissolution, dissolution or liquidation law of any jurisdiction, whether now or hereafter in effect, or its acquiescence in consents to the filing of any petition against it under any such law.; or

Appears in 1 contract

Samples: Stock Pledge Agreement (Divine Inc)

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Voluntary Petitions. Any Significant Consolidated 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, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or its acquiescence in consent to the filing of any petition against it under any such law.

Appears in 1 contract

Samples: Construction Loan Agreement (American Retirement Corp)

Voluntary Petitions. Any 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, dissolution, or liquidation law of any jurisdiction, whether now or hereafter in effect, or its acquiescence in the filing of any petition against it under any such law.

Appears in 1 contract

Samples: Credit Agreement (Response Oncology Inc)

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