Assignments for Benefit of Creditors, Etc. the Borrower or any Subsidiary makes an assignment for the benefit of its creditors, or admits its inability to pay its debts as they become due, or consents to the appointment of a receiver, custodian, trustee or liquidator of the Borrower or any Subsidiary or of all or any part of its respective Property; or
Appears in 3 contracts
Samples: Loan Agreement (Intelect Communications Systems LTD), Loan Agreement (Intelect Communications Systems LTD), Loan Agreement (Coastal Corp)
Assignments for Benefit of Creditors, Etc. the Borrower Company or any Subsidiary makes shall make an assignment for the benefit of its creditors, or admits shall admit in writing its inability inability, or shall fail, to pay its debts generally as they become due, or consents shall consent to the appointment of a receiver, custodian, liquidator or trustee or liquidator of the Borrower Company or any Subsidiary or of all or any part of its respective Propertythe Property of either; or
Appears in 2 contracts
Samples: Note Purchase Agreement (Cerplex Group Inc), Note Purchase Agreement (Littelfuse Inc /De)
Assignments for Benefit of Creditors, Etc. the Borrower Company or any a Restricted Subsidiary makes an assignment for the benefit of its creditors, or admits in writing its inability inability, or fails, to pay its debts generally as they become due, or consents to the appointment of a receiver, custodian, liquidator or trustee or liquidator of the Borrower Company or any a Restricted Subsidiary or of all or any a substantial part of its respective Property; or;
Appears in 2 contracts
Samples: Note Agreement (Fresh America Corp), Note Purchase Agreement (Interstate Johnson Lane Inc)
Assignments for Benefit of Creditors, Etc. the Borrower Company or any Restricted Subsidiary makes shall make an assignment for the benefit of its creditors, or admits in writing its inability inability, or fails, to pay its debts generally as they become due, or consents shall consent to the appointment of a receiver, custodian, liquidator or trustee or liquidator of the Borrower Company or any Restricted Subsidiary or of all or any part of its respective Propertythe Property of either; or
Appears in 1 contract
Samples: Agreement (Serv Tech Inc /Tx/)
Assignments for Benefit of Creditors, Etc. the If Borrower or any Subsidiary of the Borrower makes an assignment for the benefit of its creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, custodiantrustee, trustee or liquidator of the Borrower or any Subsidiary itself or of all or any part of its respective Propertyproperties; or
Appears in 1 contract
Samples: Loan and Security Agreement (Startec Global Communications Corp)
Assignments for Benefit of Creditors, Etc. the Borrower any Obligor or any Subsidiary makes an assignment for the benefit of its creditors, or admits in writing its inability inability, or fails, to pay its debts generally as they become due, . or consents to the appointment of a receiver, custodian, liquidator or trustee of any Obligor or liquidator of the Borrower or any Subsidiary or of all or any a substantial part of its respective Property; or;
Appears in 1 contract
Assignments for Benefit of Creditors, Etc. the Borrower Company or any a Restricted Subsidiary makes an assignment for the benefit of its creditors, or is not paying its debts generally as they become due, admits in writing its inability to pay its debts generally as they become due, due or consents to the appointment of a receiver, custodiantrustee, trustee custodian or liquidator of the Borrower Company or any such Restricted Subsidiary or of all or any part of its respective Property; orthe Property of any of such Persons;
Appears in 1 contract
Samples: Shelf Agreement (National Consumer Cooperative Bank /Dc/)
Assignments for Benefit of Creditors, Etc. the Borrower Company or any a Restricted Subsidiary makes an assignment for the benefit of its creditors, or admits in writing its inability inability, or fails, to pay its debts generally as they become due, or consents to the appointment of a receiver, custodian, liquidator or trustee or liquidator of the Borrower Company or any a Restricted Subsidiary or of all or any a substantial part of its respective Property; or
Appears in 1 contract
Samples: Securities Purchase Agreement (Able Telcom Holding Corp)