Common use of Bankruptcy or Receivership Clause in Contracts

Bankruptcy or Receivership. Any conveyance is made of substantially all of Borrower's assets, any assignment is made for the benefit of creditors, any receiver is appointed, or any insolvency, liquidation or reorganization proceeding under the Bankruptcy Code or otherwise shall be filed by or against Borrower.

Appears in 7 contracts

Samples: Loan Agreement (Bingham Financial Services Corp), Loan Agreement (Bingham Financial Services Corp), Business Loan Agreement (Universal Standard Medical Laboratories Inc)

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Bankruptcy or Receivership. Any conveyance is made of substantially all of Borrower's ’s or the Bank’s assets, any assignment is made for the benefit of creditors, any receiver is appointedappointed for Borrower or the Bank, or any insolvency, liquidation or reorganization proceeding is filed by or against Borrower or the Bank under the Bankruptcy Code or otherwise shall be filed by or against Borrowerotherwise.

Appears in 1 contract

Samples: Loan Agreement (United Bancshares Inc/Oh)

Bankruptcy or Receivership. Any conveyance is made of substantially all of Borrower's assets, any assignment is made for the benefit of creditors, any receiver is appointedappointed for Borrower, or any insolvency, liquidation or reorganization proceeding is filed by or against Borrower under the Bankruptcy Code or otherwise shall be filed by or against Borrowerotherwise.

Appears in 1 contract

Samples: Business Loan Agreement (United American Healthcare Corp)

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Bankruptcy or Receivership. Any conveyance is made of substantially all of either Borrower's assets, any assignment is made for the benefit of creditors, any receiver is appointed, or any insolvency, liquidation or reorganization proceeding under the Bankruptcy Code or otherwise shall be filed by or against either Borrower.

Appears in 1 contract

Samples: Subordinated Loan Agreement (Sun Communities Inc)

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