Assignment for Creditors. The Company shall (i) make an assignment for the benefit of creditors or commence proceedings for its dissolution; or (ii) apply for or consent to the appointment of a trustee, liquidator or receiver for its or for a substantial part of its property or business; or
Appears in 5 contracts
Sources: Conversion and Loan Modification Agreement (Arkanova Energy Corp.), Securities Offering Agreement (Arkanova Energy Corp), Securities Offering Agreement (Arkanova Energy Corp.)
Assignment for Creditors. The Company shall shall
(i1) make an assignment for the benefit of creditors or commence proceedings for its dissolution; or (ii2) apply for or consent to the appointment of a trustee, liquidator or receiver for its or for a substantial part of its property or business; or
Appears in 3 contracts
Sources: Securities Purchase Agreement (Blue Water Petroleum Corp.), Securities Offering Agreement (Arkanova Energy Corp), Securities Offering Agreement (Arkanova Energy Corp)
Assignment for Creditors. The Company shall (i1) make an assignment for the benefit of creditors or commence proceedings for its dissolution; or (ii2) apply for or consent to the appointment of a trustee, liquidator or receiver for its or for a substantial part of its property or business; or
Appears in 1 contract
Sources: Securities Offering Agreement (Arkanova Energy Corp)