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

Assignments for Benefit of Creditors, Etc. the Company or a Subsidiary shall make an assignment for the benefit of its creditors, or admits in writing its inability, or fails, to pay its debts generally as they become due, or shall consent to the appointment of a receiver, liquidator or trustee of the Company or a Subsidiary or of all or a substantial part of its Property; or

Appears in 1 contract

Samples: Note Purchase Agreement (Omniquip International Inc)

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Assignments for Benefit of Creditors, Etc. the Company Parent, the Company, any other Subsidiary or a Subsidiary any Managing General Partner shall make an assignment for the benefit of its creditors, or admits in writing its inability, or fails, to pay its debts generally as they become due, or shall consent to the appointment of a receiver, liquidator or trustee of the Company Parent, the Company, any other Subsidiary or a Subsidiary any Managing General Partner or of all or a substantial any part of its Property; orthe Property of any such Person;

Appears in 1 contract

Samples: Note Purchase Agreement (U S Restaurant Properties Master L P)

Assignments for Benefit of Creditors, Etc. the Company or a Material Subsidiary shall make an a general assignment for the benefit of its creditors, or admits in writing its inability, or fails, to pay its debts generally as they become due, or shall consent to the appointment of a receiver, liquidator or trustee of the Company or a Material Subsidiary or of all or a any substantial part of its Propertythe Property of any of such Persons; or

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Hutchinson Products Corp)

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Assignments for Benefit of Creditors, Etc. the Company or a any Restricted Subsidiary shall make an assignment for the benefit of its creditors, or admits shall admit in writing its inability, or failsshall fail, to pay its debts generally as they become due, or shall consent to the appointment of a receiver, liquidator or trustee of the Company or a any Restricted Subsidiary or of all or a substantial any part of its Propertythe Property of the Company or any Restricted Subsidiary; or

Appears in 1 contract

Samples: Credit Acceptance Agreement (Credit Acceptance Corporation)

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