Involuntary Petition definition
Examples of Involuntary Petition in a sentence
On the Effective Date, CEOC and the Petitioning Creditors shall consent to the dismissal, as moot, of the Involuntary Petition.
The Participating Securityholders that are petitioning creditors in the involuntary Chapter 7 bankruptcy petition filed against the Company shall support and cause their attorneys to execute and indicate consent to the Order Dismissing Involuntary Petition (the "Order") attached hereto.
In the event of an acceleration of the Debentures as a result of the filing of an Involuntary Petition as specified in subsection (g) of this Section, such acceleration shall be rescinded, and the Company's rights hereunder reinstated, if, within sixty (60) days following the filing of such Involuntary Petition, such Involuntary Petition shall have been dismissed or stayed, and there shall exist no other Event of Default under this Agreement.
Concurrently with its execution of this Agreement, ▇▇▇▇▇▇ shall deposit with ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇, P.C. the amount of $25,000, from which it shall be paid its reasonable attorneys fees, costs and expenses for representing the Petitioning Creditors in negotiating and implementing the terms of this Agreement, and in connection with filing and obtaining the dismissal of the Involuntary Petition.
In the event of an acceleration of the Company's indebtedness hereunder as a result of the filing of an Involuntary Petition as specified in paragraph (f) of this Article X, such acceleration shall be rescinded, and the Company's rights hereunder reinstated, if, within forty-five (45) days following the filing of such Involuntary Petition, such Involuntary Petition shall have been dismissed, and there shall exist no other Event of Default under this Agreement.