Common use of Insolvency Clause in Contracts

Insolvency. The dissolution or termination of Borrower’s existence as a going business, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 38 contracts

Sources: Business Loan Agreement (Asset Based) (TSS, Inc.), Loan Agreement (Capstone Companies, Inc.), Business Loan Agreement (Asset Based) (TSS, Inc.)

Insolvency. The dissolution or termination of Borrower’s 's existence as a going business, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s 's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 36 contracts

Sources: Business Loan Agreement (Autoscope Technologies Corp), Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Heritage Global Inc.)

Insolvency. The dissolution or termination of Borrower’s ▇▇▇▇▇▇▇▇'s existence as a going business, the insolvency of Borrower▇▇▇▇▇▇▇▇, the appointment of a receiver for any part of Borrower’s ▇▇▇▇▇▇▇▇'s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 34 contracts

Sources: Business Loan Agreement (Ames National Corp), Business Loan Agreement (LFTD Partners Inc.), Business Loan Agreement (Addvantage Technologies Group Inc)

Insolvency. The dissolution or termination of Borrower▇▇▇▇▇▇▇▇’s existence as a going business, the insolvency of Borrower▇▇▇▇▇▇▇▇, the appointment of a receiver for any part of Borrower▇▇▇▇▇▇▇▇’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 26 contracts

Sources: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (Amtd Idea Group), Business Loan Agreement (TSS, Inc.)

Insolvency. The dissolution or termination of the Borrower’s 's existence as a going business, the insolvency of the Borrower, the appointment of a receiver for any part of the Borrower’s 's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against the Borrower.

Appears in 5 contracts

Sources: Loan Agreement (Cutter & Buck Inc), Loan Agreement (Cutter & Buck Inc), Loan Agreement (Cutter & Buck Inc)

Insolvency. The dissolution or termination of any Borrower’s existence as a going business, the insolvency of any Borrower, the appointment of a receiver for any part of any Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against any Borrower.

Appears in 4 contracts

Sources: Commercial Security Agreement (Premier Power Renewable Energy, Inc.), Commercial Security Agreement (Premier Power Renewable Energy, Inc.), Commercial Security Agreement (Premier Power Renewable Energy, Inc.)

Insolvency. The dissolution or termination of Borrower’s 's existence as a going business, the insolvency of Borrowerinsolvency, the appointment of a receiver for any part of Borrower’s 's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 4 contracts

Sources: Loan Agreement (Eckler Industries Inc), Loan Agreement (Chromavision Medical Systems Inc), Master Loan Agreement (Amrep Corp)

Insolvency. The dissolution or termination of Borrower▇▇▇▇▇▇▇▇’s existence as a going business, the insolvency of Borrower▇▇▇▇▇▇▇▇, the appointment of a receiver for over any part of Borrower▇▇▇▇▇▇▇▇’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding proceeding, whether voluntary or involuntary, under any bankruptcy or insolvency laws by or against Borrower.

Appears in 3 contracts

Sources: Term Loan Note (System1, Inc.), Revolving Note (System1, Inc.), Revolving Note (System1, Inc.)

Insolvency. The dissolution or termination of BorrowerDebtor’s existence as a going business, the insolvency of BorrowerDebtor, the appointment of a receiver for any part of BorrowerDebtor’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against BorrowerDebtor.

Appears in 3 contracts

Sources: Bond Trust Indenture and Security Agreement, Bond Trust Indenture and Security Agreement, Commercial Security Agreement

Insolvency. The dissolution or termination of Borrower’s existence as a going business, the insolvency of Borrower▇▇▇▇▇▇▇▇, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 2 contracts

Sources: Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (Intelligent Protection Management Corp.)

Insolvency. The dissolution or termination of Borrower▇▇▇▇▇▇▇▇’s existence as a going business, the insolvency of Borrower▇▇▇▇▇▇▇▇, the appointment of a receiver for any part of Borrower▇▇▇▇▇▇▇▇’s property, any assignment for the benefit of creditors, any type of creditor workout, or :the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 2 contracts

Sources: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Heritage Global Inc.)

Insolvency. The dissolution or termination of Borrower’s existence as a going business, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 2 contracts

Sources: Settlement Agreement, Release and Amendment to License Agreement (Legacy Education Alliance, Inc.), Settlement Agreement, Release and Amendment to License Agreement (Priced in Corp.)

Insolvency. The dissolution or termination of Borrower’s existence as a going businessexistence, the insolvency of Borrower or the death of any member, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Sources: Loan Agreement (Aegis Identity Software, Inc.)

Insolvency. The dissolution or termination of Borrower’s existence as a going business, the insolvency of or Borrower, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency Insolvency laws by or against Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (Champion Industries Inc)

Insolvency. The dissolution or termination of Borrower’s the existence as a going businessbusiness of any Borrower, the insolvency of any Borrower, the appointment of a receiver for any part of Borrower’s 's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against any Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (Flotek Industries Inc/Cn/)

Insolvency. The dissolution or Dissolution of Debtor, termination of Borrower’s Debtor's existence as a going business, the cessation of Debtor's operations, insolvency of Borrowerby Debtor, the appointment of a receiver for any part of Borrower’s Debtor's property, any assignment for the benefit of creditors, any type of creditor workoutcreditors by Debtor, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against BorrowerDebtor.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Tesseract Group Inc)

Insolvency. The dissolution or termination of BorrowerCompany’s existence as a going business, the insolvency of BorrowerCompany, the appointment of a receiver for any part of BorrowerCompany’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against BorrowerCompany.

Appears in 1 contract

Sources: Purchase Order Funding Agreement (Capstone Companies, Inc.)

Insolvency. The dissolution or termination of BorrowerCompany’s existence as a going business, the insolvency of BorrowerCompany, the appointment of a receiver for any part of BorrowerCompany’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrowerthe Company.

Appears in 1 contract

Sources: Loan Agreement (Capstone Companies, Inc.)

Insolvency. The dissolution or termination of Borrowerthe Owner’s existence as a going businessbusiness existence, the insolvency of BorrowerOwner’s insolvency, the appointment of a receiver for any part of Borrower’s propertythe Development, any assignment of all or substantially all of the assets for Owner for the benefit of Owner’s creditors, any type of creditor workoutworkout for Owner, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrowerthe Owner.

Appears in 1 contract

Sources: Economic Development Financial Partnership Agreement

Insolvency. The dissolution or termination of Borrower’s existence as a going business, the insolvency of Borrower, the appointment of a receiver for any material part of the Property of Borrower’s property, any assignment for the benefit of creditorscreditors of Borrower, any type of workout by a creditor workoutof Borrower, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Sources: Agreement and Plan of Reorganization (Autotradecenter Com Inc)

Insolvency. The dissolution or termination of Borrower’s existence as a going businessbusiness or the death of any partner, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or r the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (VCG Holding Corp)

Insolvency. The dissolution or termination of Borrower’s 's existence as a going business, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s 's property, any assignment for the benefit of or creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (Elecsys Corp)

Insolvency. The dissolution or termination of Borrower’s Debtor's existence as a going business, the insolvency of BorrowerDebtor, the appointment of a receiver for any part of Borrower’s Debtor'. property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against BorrowerDebtor.

Appears in 1 contract

Sources: Commercial Security Agreement (Catalyst Semiconductor Inc)

Insolvency. The dissolution or termination of Borrower’s existence as a going businessof, or the insolvency of of, Borrower, the appointment of a receiver for any part of Borrower’s 's property, any general assignment for the benefit of creditors, any type of creditor workout, creditors or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Sources: Deed of Trust (Water Pik Technologies Inc)

Insolvency. The dissolution or termination of Borrower’s existence as a going business, the insolvency Insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (Flotek Industries Inc/Cn/)

Insolvency. The dissolution or termination of Borrower’s existence as a going business, the insolvency of Borrower, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against BorrowerBorrower or the failure to obtain the dismissal of any such proceeding within forty-five (45) days of the filing same.

Appears in 1 contract

Sources: Loan Agreement (Century Communities, Inc.)

Insolvency. The dissolution or termination of Borrower’s existence as a going business, the insolvency of Borrower, the appointment of a receiver for fro any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, workout or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (BayFirst Financial Corp.)

Insolvency. The dissolution or termination of Borrower’s 's existence as a going a▇ ▇ ▇▇▇▇g business, the insolvency of Borrower, the appointment of a appointm▇▇▇ ▇▇ ▇ receiver for any part of Borrower’s 's property, any assignment a▇▇ ▇▇▇▇▇nment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (Coeur D Alenes Co /Ia/)

Insolvency. The dissolution or termination of Borrower’s 's or Parent's existence as a going business, the insolvency Insolvency of BorrowerBorrower or Parent, the appointment of a receiver for any part of Borrower’s 's or Parent's property, or any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws Insolvency Proceeding by or against BorrowerBorrower or Parent.

Appears in 1 contract

Sources: Loan Agreement (Grant Geophysical Inc)

Insolvency. The dissolution or termination of Borrower▇▇▇▇▇▇▇▇’s existence as a going business, the insolvency Insolvency of Borrower▇▇▇▇▇▇▇▇, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (Westmoreland Coal Co)

Insolvency. The dissolution or termination of Borrower’s existence as a going business, the insolvency of Borrower▇▇▇▇▇▇▇▇, the appointment of a receiver for any part of Borrower’s property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (LiveOne, Inc.)