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Common use of Dissolution Proceedings Clause in Contracts

Dissolution Proceedings. Proceedings for the dissolution or appointment of a liquidator of Grantor or any guarantor are commenced.

Appears in 3 contracts

Sources: Commercial Pledge Agreement (Premier Financial Bancorp Inc), Commercial Pledge Agreement (Premier Financial Bancorp Inc), Business Loan Agreement (Flotek Industries Inc/Cn/)

Related Clauses

  • Litigation; Proceedings
  • Bankruptcy, Insolvency or Reorganization Proceedings
  • Insolvency or Liquidation Proceedings
  • Dissolution Winding Up
  • Bankruptcy Proceedings

Parent Clauses

  • Negative Covenants
  • Events of Default
  • No Obligation to Make Advances
  • DEFAULT
  • Defaults

Sub-Clauses

  • Conditions Precedent to first advance:
  • Conditions Precedent to Subsequent Advances
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