Act of Bankruptcy. The Obligor commits an act of bankruptcy (as that term is defined in section 19 of the Insolvency Act 1967);
Act of Bankruptcy. If the other party commits any act of bankruptcy, becomes insolvent or assigns all or part of its assets for the benefit of creditors upon or after the filing of a petition for bankruptcy, whether voluntary or involuntary.
Act of Bankruptcy. An Act of Bankruptcy shall occur.
Act of Bankruptcy. The Borrower or any of it Subsidiaries is unable to pay debts generally as such debts become due, is adjudged or declared to be bankrupt or commits an act of bankruptcy.
Act of Bankruptcy. The declaration of an Event of Default under this subsection and the exercise of remedies upon any such declaration shall be subject to any applicable limitations of federal or state law affecting or precluding such declaration or exercise during the pendency of or immediately following any liquidation or reorganization proceedings; or
Act of Bankruptcy. Borrower becomes the subject of any debtor relief law, including a proceeding under Title 11 of the United States Code, and if such proceeding is an involuntary proceeding, it has not been dismissed or withdrawn within 30 days.
Act of Bankruptcy. The filing of a petition in bankruptcy under the United States Bankruptcy Code, 11 U.S.C. 101 et seq. (and all future acts supplemental thereto or amendatory thereof) or the commencement of a proceeding under any other applicable law concerning insolvency, reorganization or bankruptcy by or against the Borrower or any other guarantor, as debtor.
Act of Bankruptcy. If Tenant shall make an agreement of composition or an assignment for the benefit of creditors, or if a Receiver is applied for or appointed for Tenant, or if there be filed a petition in bankruptcy or insolvency or for an arrangement or reorganization by or against Tenant, or consented to by Tenant, or if Tenant is adjudicated a bankrupt or is adjudged to be insolvent, or if Tenant is advertised to be sold out by any sale under process of law, or if the assets or property of Tenant in the Leased Premises shall be attached or levied upon, or if this Lease or the estate of Tenant shall pass to another by virtue of any court proceedings, writ of execution or operation of law.
Act of Bankruptcy. The occurrence of any of the following with respect to Borrower: (a) Borrower made an assignment for the benefit of its creditors; (b) Borrower admitted in writing its inability to pay its debts as they become due; (c) Borrower filed a voluntary petition in bankruptcy; (d) Borrower was adjudicated bankrupt or insolvent; (e) Borrower filed any petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future applicable law pertinent to such circumstances; (f) Borrower filed or shall file any answer admitting or not contesting the material allegations of a bankruptcy, insolvency or similar petition filed against Borrower; (g) Borrower sought or consented to, or acquiesced in, the appointment of any trustee, receiver, or liquidator of Borrower or of all or any substantial part of the properties of Borrower; (h) 60 days elapsed after the commencement of an action against Borrower seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any present or future applicable law without such action having been dismissed or without all orders or proceedings thereunder affecting the operations or the business of Borrower having been stayed, or if a stay of any such order or proceedings shall thereafter be set aside and the action setting it aside shall not be timely appealed; or (i) 60 days shall have expired after the appointment, without the consent or acquiescence of Borrower of any trustee, receiver or liquidator of Borrower or of all or any substantial part of the assets and properties of Borrower without such appointment having been vacated.
Act of Bankruptcy. The filing of a petition in bankruptcy under the Bankruptcy Code or the commencement of a proceeding by or against a Person as debtor under any other applicable law for the relief of debtors.
