Common use of Business Suspension, Bankruptcy, Etc Clause in Contracts

Business Suspension, Bankruptcy, Etc. If the Borrower shall voluntarily suspend transaction of its business, or if the Borrower shall not pay its debts as they mature or shall make a general assignment for the benefit of creditors, or proceedings in bankruptcy, or for reorganization or liquidation of the Borrower under the Bankruptcy Code or under any other, state federal or other applicable law for the relief of debtors shall be commenced by Borrower, or shall be commenced against the Borrower and shall not be discharged within sixty (60) days of commencement, or a receiver, trustee or custodian shall be appointed for the Borrower or for any substantial portion of their respective properties or assets.

Business Suspension, Bankruptcy, Etc. If the any Borrower shall voluntarily suspend transaction of its business, or if the any Borrower shall not pay its debts as they mature or shall make a general assignment for the benefit of creditors, or proceedings in bankruptcy, or for reorganization or liquidation of the a Borrower under the Bankruptcy Code or under any other, state federal or other applicable law for the relief of debtors shall be commenced by a Borrower, or shall be commenced against the any Borrower and shall not be discharged within sixty (60) days of commencement, or a receiver, trustee or custodian shall be appointed for the a Borrower or for any substantial portion of their respective properties or assets.

Business Suspension, Bankruptcy, Etc. If the Borrower shall voluntarily suspend transaction of its business, ; or if the Borrower shall not pay its debts as they mature or shall make a general assignment for the benefit of creditors, ; or proceedings in bankruptcy, or for reorganization or liquidation of the Borrower Borrower, under the Bankruptcy Code or under any other, other state or federal or other applicable law for the relief of debtors shall be commenced by Borrower, the Borrower or shall be commenced against the Borrower and shall not be discharged within sixty thirty (6030) days of commencement, ; or a receiver, trustee or custodian shall be appointed for the Borrower or for any substantial portion of their its respective properties or assets.