Common use of Insolvency and Related Proceedings Clause in Contracts

Insolvency and Related Proceedings. Borrower or any Guarantor shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against Borrower, any Subsidiary of Borrower or any Guarantor under the Bankruptcy Code (if against Borrower, any Subsidiary of Borrower or any Guarantor, the continuation of such proceeding for more than sixty (60) days), or Borrower or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.

Insolvency and Related Proceedings. Borrower Borrowers, or any of them, or any Guarantor shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against BorrowerBorrowers, any Subsidiary of Borrower Borrowers or any Guarantor under the Bankruptcy Code (if against BorrowerBorrowers, any Subsidiary of Borrower Borrowers or any Guarantor, the continuation of such proceeding for more than sixty (60) days), or Borrower Borrowers or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.

Insolvency and Related Proceedings. Borrower Any Borrower, ---------------------------------- any Subsidiary or any Guarantor shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against any Borrower, any Subsidiary of Borrower or any Guarantor under the Bankruptcy Code applicable bankruptcy laws (if an involuntary proceeding against any Borrower, any Subsidiary of Borrower or any Guarantor, Guarantor the continuation of such proceeding for more than sixty (60) days), or Borrower any Borrower, any Subsidiary or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.

Insolvency and Related Proceedings. A Borrower or any Guarantor of its ---------------------------------- Subsidiaries, if any, shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against Borrower, any Subsidiary of a Borrower or any Guarantor of its Subsidiaries, if any, under the Bankruptcy Code (if against Borrower, any Subsidiary of a Borrower or any Guarantor, such Subsidiary the continuation of such proceeding for more than sixty (60) 30 days), or a Borrower or any Guarantor of its Subsidiaries, if any, shall make any offer of settlement, extension or composition to their respective its unsecured creditors generally.

Insolvency and Related Proceedings. Borrower, any Subsidiary of Borrower or any Guarantor shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against Borrower, any Subsidiary of Borrower or any Guarantor under the Bankruptcy Code (if against Borrower, any Subsidiary of Borrower or any Guarantor, the continuation of such proceeding for more than sixty (60) 60 days), or Borrower, any Subsidiary of Borrower or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.

Insolvency and Related Proceedings. Borrower Any Borrower, any ---------------------------------- Subsidiary or any Guarantor shall cease to be Solvent or shall suffer the appointment of a receiver, trustee, custodian or similar fiduciary, or shall make an assignment for the benefit of creditors, or any petition for an order for relief shall be filed by or against any Borrower, any Subsidiary of Borrower or any Guarantor under the Bankruptcy Code applicable bankruptcy laws (if an involuntary proceeding against any Borrower, any Subsidiary of Borrower or any Guarantor, Guarantor the continuation of such proceeding for more than sixty (60) days), or Borrower any Borrower, any Subsidiary or any Guarantor shall make any offer of settlement, extension or composition to their respective unsecured creditors generally.