Common use of APPOINTMENT OF RECEIVER OR LIQUIDATOR Clause in Contracts

APPOINTMENT OF RECEIVER OR LIQUIDATOR. A receiver or liquidator has been appointed or allowed to be appointed of all or any part of the undertaking of the Borrower.

APPOINTMENT OF RECEIVER OR LIQUIDATOR. A receiver or liquidator has been appointed or allowed to be appointed of all or any part substantially all of the undertaking of the BorrowerBorrower has been appointed in any proceeding.