Common use of Assignments for Benefit of Creditors, Etc Clause in Contracts

Assignments for Benefit of Creditors, Etc. Borrower, any Subsidiary, any Partnership, or any LLC 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, trustee, or liquidator of Borrower, any Subsidiary, any Partnership, or any LLC, or of all or any part of its Properties; or

Appears in 4 contracts

Samples: Loan Agreement (Amsurg Corp), Loan Agreement (Amsurg Corp), Loan Agreement (Amsurg Corp)

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Assignments for Benefit of Creditors, Etc. Borrower, any Subsidiary, any Partnership, The Borrower or any LLC Material Subsidiary 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, trusteecustodian, trustee or liquidator of Borrower, any Subsidiary, any Partnership, the Borrower or any LLC, Material Subsidiary or of all or any part of its Propertiesrespective Property; or

Appears in 4 contracts

Samples: Loan Agreement (Intelect Communications Inc), Loan Agreement for Receivables Backed Borrowing (Intelect Communications Inc), Loan Agreement for Inventory Backed Borrowing (Intelect Communications Inc)

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Assignments for Benefit of Creditors, Etc. Borrower, any Subsidiary, any Partnership, The Company or any LLC Subsidiary 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, trusteecustodian, trustee or liquidator of Borrower, any Subsidiary, any Partnership, the Company or any LLC, Subsidiary or of all or any part of its Propertiesrespective Property; or

Appears in 2 contracts

Samples: Subscription Agreement (Coastal Corp), Subscription Agreement (Intelect Communications Systems LTD)

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