Common use of Insolvency, Etc Clause in Contracts

Insolvency, Etc. In the event of (a) any insolvency, bankruptcy, receivership, liquidation, reorganization, readjustment, composition or other similar proceeding relating to the Company, its Subsidiaries or its property, (b) any proceeding for the liquidation, dissolution or other winding-up of the Company, voluntary or involuntary, and whether or not involving insolvency or bankruptcy proceedings, (c) any assignment for the benefit of creditors, or (d) any distribution, division, marshalling or application of any of the properties or assets of the Company or the proceeds thereof to creditors, voluntary or involuntary, and whether or not involving legal proceedings, then and in any such event:

Insolvency, Etc. In the event of (a) any insolvency, bankruptcy, receivership, liquidation, reorganization, readjustment, composition composition, or other similar proceeding relating to the Company, its Subsidiaries Company or its property, (b) any proceeding for the liquidation, dissolution dissolution, or other winding-up of the Company, voluntary or involuntary, and whether or not involving insolvency or bankruptcy proceedings, (c) any assignment by the Company for the benefit of creditors, or (d) any distribution, division, marshalling marshaling, or application of any of the properties or assets of the Company or the proceeds thereof to creditors, voluntary or involuntary, and whether or not involving legal proceedings, then and in any such event:

Insolvency, Etc. In the event of (ai) any insolvencyinsolvency or bankruptcy proceeding, bankruptcy, or any receivership, liquidation, reorganization, readjustment, composition reorganization or other similar proceeding relating in connection therewith, relative to the Company, Company or its Subsidiaries creditors or its property, or (bii) any proceeding for the voluntary liquidation, dissolution or other winding-winding up of the Company, voluntary or involuntary, and whether or not involving insolvency or bankruptcy proceedingsbankruptcy, or (ciii) any assignment for the benefit of creditors, or (div) any distribution, division, marshalling or application of any of the properties or assets of the Company or the proceeds thereof thereof, to creditors, voluntary or involuntary, and whether or not pursuant to the foreclosure or sale of Collateral pursuant to this Agreement or involving legal proceedings, then and in any such event: