Common use of Bankruptcy Clause in Contracts

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 thirty (30) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower or any Subsidiary of Borrower and if instituted against Borrower them are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower or any Subsidiary of Borrower and if instituted against Borrower them are not dismissed within 45 sixty (60) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and and, if instituted against Borrower are it, shall not be dismissed within 45 thirty (30) days of initiationthereafter.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower or any Subsidiary of Borrower and if instituted against Borrower them are not dismissed within 45 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower Company and if instituted against Borrower Company are not dismissed within 45 sixty (60) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 thirty (60) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or ---------- liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 sixty (60) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or ----------- liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 60 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation ---------- proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 seventy-five (75) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings proceedings, voluntary or involuntary, for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against or any Subsidiary of the Borrower are and, in the case of involuntary proceedings, have not been dismissed within 45 days of initiation61 days.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower or any Subsidiary of Borrower and if instituted against Borrower them are not dismissed within 45 forty-five (45) - days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower Company or any Subsidiary and if instituted against Borrower are is not dismissed within 45 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization reorganization, or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower or any Subsidiary of Borrower and if instituted against Borrower them are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 60 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation ---------- proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be similar law are instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and and, if instituted against Borrower Borrower, are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation ---------- proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by the Company, or if against the Borrower and if instituted against Borrower are Company, such proceedings shall not dismissed within 45 days of initiationthirty (30) days.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 90 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are Borrower, and, in the case of any involuntary proceeding or relief under such bankruptcy laws, not stayed or dismissed within 45 forty-five (45) days after the date of initiationcommencement thereof.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 sixty (60) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any substantially similar law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 sixty (60) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any lawother law for the relief of debtors, or the issuance of any notice in relation to such event, for the relief of debtors event shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and and, if instituted against Borrower are it, shall not be dismissed within 45 30 days of initiationthereafter.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 days of initiationforty five (45) days.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors debtors, if not terminated within 60 days, shall be instituted by or against the Borrower and and, if instituted against Borrower are not dismissed within 45 days of initiationit, shall be consented to.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower or any of its Subsidiaries and if instituted against Borrower are not dismissed stayed within 45 days of initiation30 days.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are and, in the case of an involuntary case or proceeding, such case or proceeding is not dismissed within 45 sixty (60) days of initiationfollowing the commencement thereof.

Bankruptcy. Bankruptcy, insolvency, reorganization or ---------- liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 60 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower or any of its Subsidiaries and if instituted against Borrower are not dismissed stayed within 45 days of initiationthirty (30) days.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if Borrower; provided, however, that where such action is instituted against the Borrower are not but is dismissed within 45 thirty (30) days after the filing of initiationsuch petition, this provision shall not apply to such action.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by the Borrower or any such proceeding shall be instituted against the Borrower and if instituted against Borrower are Borrower, which is not dismissed within 45 thirty (30) days from the initial date of initiationsuch proceeding.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against the Borrower are not dismissed within 45 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization reorganization, or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower Company and if instituted against Borrower are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower or any Subsidiary of Borrower and if instituted against Borrower are them is not dismissed within 45 forty-five (45) calendar days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 seventy-five (75) days of initiation. 3.7.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower them are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvencyreorganization, reorganization or insolvency proceeding, liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if so instituted against Borrower are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 seventy-five (75) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by the Borrower, or any such proceeding is instituted against the Borrower and if instituted against Borrower are is not dismissed within 45 sixty (60) days of initiationafter such proceeding is instituted.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy Bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the any Co-Borrower and and, if instituted against Borrower are it, shall not be dismissed within 45 thirty (30) days of initiationthereafter.

Bankruptcy. Bankruptcy, insolvency, reorganization reorganization, or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower Company and if instituted against Borrower are such proceeding is not dismissed or discharged within 45 thirty (30) days of initiationthe filing thereof.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors debtors, shall be instituted by or against the Borrower and if instituted against Borrower are is not dismissed within 45 sixty (60) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization reorganization, or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower or any Subsidiary of Borrower and if instituted against Borrower them are not dismissed within 45 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or for against the Borrower and if instituted against Borrower are not dismissed within 45 60 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed or any subsidiary of the Borrower, unless such proceeding shall be stayed within 45 days of initiation.thirty (30) days;

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and and, if instituted against Borrower are it, shall not be dismissed within 45 thirty (60) days of initiationthereafter.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 thirty (30) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are is not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower Company and if instituted against Borrower the Company are not dismissed within 45 fifteen (15) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 75 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if Borrower; provided however, that where such action is instituted against the Borrower are not but is dismissed within 45 thirty (30) days after the filing of initiationsuch petition, this provision shall not apply to such action.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower Company and if instituted against Borrower the Company are not dismissed within 45 fifteen (90) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and or any Guarantor and, if instituted against Borrower are it, shall not be dismissed within 45 30 days of initiation.thereafter;

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 60 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and and, if instituted against Borrower are it, shall be not dismissed be vacated within 45 days of initiationthirty (30) days.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower Borrower, are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower or any Subsidiary of Borrower and if instituted against Borrower them are not dismissed within 45 sixty (60) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower Company and if instituted against Borrower such proceedings are not otherwise dismissed within 45 days of initiationforty-five (45) days.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 days or any of initiationits subsidiaries, which proceedings remain undismissed for thirty (30) days.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower or any of its Subsidiaries and if instituted against Borrower are shall not be timely controverted or dismissed within 45 calendar days of initiationthereafter.

Bankruptcy. Bankruptcy, insolvencyreorganization, reorganization or insolvency proceeding, liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if so instituted against Borrower are not dismissed within 45 forty-five () days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 60 days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation ---------- proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower or any Subsidiary of Borrower and if instituted against Borrower them are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation ---------- proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower and if instituted against Borrower are not dismissed within 45 forty-five (45) days of initiation.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or for relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower and if instituted against Borrower are is not dismissed within 45 days of initiationsixty (60) days.

Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the Borrower Company, and if instituted against Borrower are against, is not dismissed within 45 days of initiation.