Common use of Involuntary Bankruptcy; Appointment of Receiver, Etc Clause in Contracts

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company or any of its Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its Subsidiaries, and any such event described in the foregoing clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company a Borrower or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company a Borrower or any of its Subsidiaries Subsidiaries, under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company a Borrower or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company a Borrower or any of its Subsidiaries Subsidiaries, for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company a Borrower or any of its Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Loan Party or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Loan Party or any of its Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, conservator, custodian or other officer having similar powers over the Company any Loan Party or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receivertrustee, examiner, administrator, trustee conservator or other custodian of the Company any Loan Party or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Loan Party or any of its Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company Parent, NMG or any of its Subsidiaries Credit Party in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company Parent, NMG or any of its Subsidiaries Credit Party under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company Parent, NMG or any of its Subsidiariessuch Credit Party, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company Parent, NMG or any of its Subsidiaries such Credit Party for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company Parent, NMG or any of its Subsidiariessuch Credit Party, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company ParentBorrower, any Credit Party or any of its Subsidiaries Material Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company ParentBorrower, any Credit Party or any of its Subsidiaries Material Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company ParentBorrower, any Credit Party or any of its SubsidiariesMaterial Subsidiary, or over all or a substantial part of its their respective property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company ParentBorrower, any Credit Party or any of its Subsidiaries Material Subsidiary for all or a substantial part of its their respective property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company ParentBorrower, any Credit Party or any of its SubsidiariesMaterial Subsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Credit Party, any Subsidiary or any of its Subsidiaries Owner Pledgor in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Credit Party, any Subsidiary or any of its Subsidiaries Owner Pledgor under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Credit Party, any Subsidiary or any of its SubsidiariesOwner Pledgor, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Credit Party, any Subsidiary or any of its Subsidiaries Owner Pledgor for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Credit Party, any Subsidiary or any of its SubsidiariesOwner Pledgor, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, stayed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Credit Party or any of its Subsidiaries OZ Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Credit Party or any of its Subsidiaries OZ Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Credit Party or any of its SubsidiariesOZ Subsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Credit Party or any of its Subsidiaries OZ Subsidiary for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Credit Party or any of its SubsidiariesOZ Subsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company or any of its Subsidiaries other Credit Party or any other subsidiary that is a “significant subsidiary” (as defined in Regulation S-X) in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency insolvency, reorganization, liquidation or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company or any of its Subsidiaries other Credit Party or any other “significant subsidiary” (as defined in Regulation S-X) under the Bankruptcy Code or under any other applicable bankruptcy, insolvency insolvency, reorganization, liquidation or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its Subsidiariesother Credit Party or any other “significant subsidiary” (as defined in Regulation S-X), or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Subsidiaries other Credit Party or any other “significant subsidiary” (as defined in Regulation S-X) for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its Subsidiariesother Credit Party or any other “significant subsidiary” (as defined in Regulation S-X), and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. Except with the prior written consent of the Administrative Agent, (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company or any of its Subsidiaries Restricted Subsidiary that is not a Debtor in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effectDebtor Relief Laws, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal federal, state or state foreign law; or (ii) an involuntary case shall be commenced against the Company or any of its Subsidiaries under the Bankruptcy Code or Restricted Subsidiary that is not a Debtor under any other applicable bankruptcy, insolvency or similar law now or hereafter in effectDebtor Relief Laws; or a decree or order of a court having jurisdiction in the premises for the involuntary appointment of a an interim receiver, administrator, examinerreceiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its SubsidiariesRestricted Subsidiary that is not a Debtor, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examinerliquidator, administratorsequestrator, trustee trustee, custodian or other custodian of the Company officer having similar powers over any Restricted Subsidiary that is not a Debtor, or any of its Subsidiaries for over all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any all or a substantial part of the property of the Company or any of its SubsidiariesRestricted Subsidiary that is not a Debtor, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty forty-five (6045) days without having been dismissed, bonded or discharged; or;

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company Borrower or any of its Material Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company Borrower or any of its Material Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company Borrower or any of its Material Subsidiaries, or over all or a substantial part of its their respective property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company Borrower or any of its Material Subsidiaries for all or a substantial part of its their respective property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company Borrower or any of its Material Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Borrower or any of its Material Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Borrower or any of its Material Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Borrower or any of its Material Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Borrower or any of its Material Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Borrower or any of its Subsidiaries, Material Subsidiaries and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company Parent, any Credit Party or any of its Subsidiaries Material Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company Parent, any Credit Party or any of its Subsidiaries Material Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company Parent, any Credit Party or any of its SubsidiariesMaterial Subsidiary, or over all or a substantial part of its their respective property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company Parent, any Credit Party or any of its Subsidiaries Material Subsidiary for all or a substantial part of its their respective property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company Parent, any Credit Party or any of its SubsidiariesMaterial Subsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company Parent, Borrower or any of its Subsidiaries Material Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company Parent, Borrower or any of its Subsidiaries Material Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, conservator, custodian or other officer having similar powers over the Company Parent, Borrower or any of its SubsidiariesMaterial Subsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receivertrustee, examiner, administrator, trustee conservator or other custodian of the Company Parent, Borrower or any of its their respective Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company Parent, Borrower or any of its SubsidiariesMaterial Subsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief (other than a decree or order described in clause (ii)) in respect of the Company any Credit Party or any of its Subsidiaries Guarantor in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; , or (ii) an involuntary case shall be commenced against the Company any Credit Party or any of its Subsidiaries Guarantor under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company such Credit Party or any of its Subsidiaries, or over all or a substantial part of its property, Guarantor shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company such Credit Party or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its SubsidiariesGuarantor, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty thirty (6030) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (ia) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company any Borrower or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or other similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted and remain unstayed under any applicable federal or state law; or (iib) an involuntary case shall be is commenced against the Company any Borrower or any of its Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or other similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Borrower or any of its Subsidiaries, Subsidiaries or over all or a substantial part of its propertyany of their respective Assets and Properties, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Borrower or any of its Subsidiaries for all or a substantial part of its propertytheir respective Assets and Properties is involuntarily appointed; or a warrant of attachment, execution or similar process shall have been is issued against any substantial part of the property Assets and Properties of the Company any Borrower or any of its Subsidiaries, and the continuance of any such event described events in the foregoing this clause (ib) or (ii) shall continue for sixty (60) days without having been unless dismissed, bonded bonded, stayed, vacated or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Credit Party or any of its Subsidiaries Restricted Subsidiary (other than a Restricted Holding Company Subsidiary) in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect, effect (including pursuant to which Canada Borrower has been declared bankrupt or insolvent under Canadian Insolvency Legislation) which decree or order for relief is not immediately stayed; or any other similar relief shall be granted under any applicable federal federal, state or state lawprovincial Governmental Rule, and such relief is not immediately stayed; or (ii) an involuntary case shall be commenced against the Company any Credit Party or any of its Subsidiaries under the Bankruptcy Code or such Restricted Subsidiary under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, receiver-manager, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company such Credit Party or any of its Subsidiariessuch Restricted Subsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examinerreceiver-manager, administrator, trustee or other custodian of the Company any Credit Party or any of its Subsidiaries such Restricted Subsidiary for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Credit Party or any of its Subsidiariessuch Restricted Subsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or dischargeddischarged (provided, that in either (i) or (ii) above, no Default or Event of Default shall occur hereunder, in the case of any such Restricted Subsidiary unless such event could reasonably be expected to have a Material Adverse Effect); or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (ia) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company or any of its Restricted Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or other similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (iib) an involuntary case shall be is commenced against the Company or any of its Restricted Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or other similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its Restricted Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Restricted Subsidiaries for all or a substantial part of the property of the Company or any of its propertyRestricted Subsidiaries is involuntarily appointed; or a warrant of attachment, execution or similar process shall have been is issued against any substantial part of the property of the Company or any of its Restricted Subsidiaries, and the continuance of any such event described events in the foregoing clause subpart (ib) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter enters a decree or order for relief in respect of the Company Borrower or any of its Subsidiaries Significant Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be is granted under any applicable federal or state law; or (ii) an involuntary case shall be is commenced against the Company Borrower or any of its Subsidiaries Significant Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company Borrower or any of its SubsidiariesSignificant Subsidiary, or over all or a substantial part of its property, shall have been is entered; or there shall have occurred occurs the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company Borrower or any of its Subsidiaries Significant Subsidiary for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been is issued against any substantial part of the property of the Company Borrower or any of its SubsidiariesSignificant Subsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue continues for sixty (60) consecutive days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter enters a decree or order for relief in with respect of the Company or to any of its Subsidiaries Borrower Party, in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effectInvoluntary Borrower Party Bankruptcy, which decree or order is not stayed; stayed or any other similar relief shall be is not granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company or occurrence and continuance of any of its Subsidiaries under the following events for ninety (90) days unless dismissed, bonded or discharged within such time: (x) an Involuntary Borrower Party Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effectis commenced; or (y) a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its Subsidiaries, Borrower Party or over all or a substantial part of its property, shall have been enteredis entered and not discharged within ninety (90) days; or there shall have occurred the involuntary appointment of (z) an interim receiver, receiver, examiner, administrator, trustee or other custodian is appointed without the consent of the Company or any of its Subsidiaries Borrower Party, for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company such Person and not discharged within ninety (90) days; or (iii) any of its Subsidiaries, and any such event described breach or default occurs under Subsection 5.24(B) (in the foregoing clause (i) case of a condition or event that may fall within part (ii) or this part (iii) of this Subsection 8.1(G), this part (iii) shall continue for sixty govern) and is not discharged within ninety (6090) days without having been dismissed, bonded or dischargeddays; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (iA) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company or any of its Material Subsidiaries or any Subsidiary Borrower in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or other similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (iiB) an involuntary case shall be is commenced against the Company or any of its Material Subsidiaries under the Bankruptcy Code or any Subsidiary Borrower under any other applicable bankruptcy, insolvency or other similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its SubsidiariesMaterial Subsidiaries or any Subsidiary Borrower, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Material Subsidiaries or any Subsidiary Borrower for all or a substantial part of its property; or the issuance of a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its SubsidiariesMaterial Subsidiaries or any Subsidiary Borrower, and the continuance of any such event described events in the foregoing clause subpart (iB) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of Holdings, the Company or any of its the Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against Holdings, the Company or any of its the Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over Holdings, the Company or any of its the Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of Holdings, the Company or any of its the Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of Holdings, the Company or any of its the Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been unless dismissed, bonded or discharged; oror Real Mex Restaurants, Inc. Second Amended and Restated Credit Agreement

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Credit Party or any of its their respective Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law, or under any applicable law in any jurisdiction; or (ii) an involuntary case shall be commenced against the Company any Credit Party or any of its their respective Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examineradministrative receiver, liquidator, sequestrator, trustee, administrator, compulsory manager, custodian or other officer having similar powers over the Company any Credit Party or any of its their respective Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, administrative receiver, examineradministrator, administratorcompulsory manager, trustee or other custodian of the Company any Credit Party or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Credit Party or any of its Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company Borrower or any of its Subsidiaries SPLNG in an involuntary case under the Bankruptcy Code or proceeding under any other applicable bankruptcyDebtor Relief Laws, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company or any of its Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, conservator, liquidator or other custodian or other officer having similar powers over the Company Borrower or any of its Subsidiaries, SPLNG or over all or a substantial part of its propertyproperty shall be appointed, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of Borrower or SPLNG and any such event described in this clause (i) shall remain undismissed or unstayed for sixty days; or (ii) a case or proceeding shall be commenced against Borrower or SPLNG without the Company consent or acquiescence of such party seeking relief under any Debtor Relief Laws or seeking the appointment of a receiver, sequestrator, trustee, conservator, liquidator or other custodian or other officer having similar powers over Borrower or SPLNG or over all or a substantial part of its Subsidiariesproperty, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; oror (iii) any analogous step or procedure is taken under the laws of any jurisdiction in respect of Borrower or SPLNG;

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Credit Party or any of its Subsidiaries Material Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Credit Party or any of its Subsidiaries Material Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Credit Party or any of its SubsidiariesMaterial Subsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Credit Party or any of its Subsidiaries Material Subsidiary for all or 103 a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Credit Party or any of its SubsidiariesMaterial Subsidiary , and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company or any of its Subsidiaries Credit Party in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, adjudicating such Credit Party as a bankrupt or insolvent debtor or ordering a reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other similar relief with respect to such Credit Party, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company or any of its Subsidiaries Credit Party under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises in an involuntary case for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its SubsidiariesCredit Party, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Subsidiaries Credit Party for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its SubsidiariesCredit Party, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company Parent or any of its Subsidiaries Loan Party in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effecteffect in any applicable jurisdiction, domestic or foreign, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company Parent or any of its Subsidiaries Loan Party under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; effect in any applicable jurisdiction, domestic or foreign, or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian custodian, conservator or other officer having similar powers over the Company Parent or any of its SubsidiariesLoan Party, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company Parent or any of its Subsidiaries Loan Party, for all or a substantial part of its property; or a warrant of attachment, distraint, execution or similar process shall have been issued against any substantial part of the property of the Company Parent or any of its SubsidiariesLoan Party, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company Borrower or any of its Subsidiaries Material Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company Borrower or any of its Subsidiaries Material Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, conservator, custodian or other officer having similar powers over the Company Borrower or any of its SubsidiariesMaterial Subsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receivertrustee, examiner, administrator, trustee conservator or other custodian of the Company Borrower or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company Borrower or any of its SubsidiariesMaterial Subsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Loan Party or any of its Included Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state lawlaw of any jurisdiction; or (ii) an involuntary case shall be commenced against the Company any Loan Party or any of its Included Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effecteffect in any jurisdiction; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Loan Party or any of its Included Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Loan Party or any of its Included Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Loan Party or any of its Included Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i1) A court of competent jurisdiction shall enter enters a decree or order for relief in with respect of the Company or to Borrower, any of its Subsidiaries Subsidiaries, any Guarantor, any other Loan Party or Resources in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or other similar law now or hereafter in effect, which decree or order is not stayed; stayed or any other similar relief shall be is not granted under any applicable federal or state law; or (ii2) the continuance of any of the following events for forty-five (45) days unless dismissed, bonded or discharged: (a) an involuntary case shall be is commenced against the Company or Borrower, any of its Subsidiaries under the Bankruptcy Code Subsidiaries, any Guarantor, any other Loan Party or Resources, under any other applicable bankruptcy, insolvency or other similar law now or hereafter in effect; or (b) a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or Borrower, any of its Subsidiaries, any Guarantor, any other Loan Party or Resources, or over all or a substantial part of its property, shall have been is entered; or there shall have occurred the involuntary appointment of (c) an interim receiver, receiver, examiner, administrator, trustee or other custodian is appointed without the consent of the Company or Borrower, any of its Subsidiaries Subsidiaries, any Guarantor, any other Loan Party or Resources, for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its SubsidiariesBorrower, and any such event described in the foregoing clause (i) Subsidiary, any Guarantor, any other Loan Party or (ii) shall continue for sixty (60) days without having been dismissed, bonded or dischargedResources; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Credit Party or any of its the Restricted Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company of any Credit Party or any of its the Restricted Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company of any Credit Party or any of its the Restricted Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Credit Party or any of its the Restricted Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Credit Party or any of its the Restricted Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the any Credit Party or Restricted Operating Company or any of its Subsidiaries Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect, effect (including pursuant to which Canada Borrower has been declared bankrupt or insolvent under Canadian Insolvency Legislation) which decree or order for relief is not immediately stayed; or any other similar relief shall be granted under any applicable federal federal, state or state lawprovincial Governmental Rule, and such relief is not immediately stayed; or (ii) an involuntary case shall be commenced against the any Credit Party or Restricted Operating Company or any of its Subsidiaries under the Bankruptcy Code or Subsidiary under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, receiver-manager, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the such Credit Party or Restricted Operating Company or any of its SubsidiariesSubsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examinerreceiver-manager, administrator, trustee or other custodian of the any Credit Party or Restricted Operating Company or any of its Subsidiaries Subsidiary for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the any Credit Party or Restricted Operating Company or any of its SubsidiariesSubsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or dischargeddischarged (provided, that in either (i) or (ii) above, no default shall occur hereunder, in the case of the Restricted Operating Company Subsidiary unless such failure or event could reasonably be expected to result in a Material Adverse Effect); or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Note Party or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state lawLaw; or (ii) an involuntary case shall be commenced against the Company a Note Party or any of its Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company a Note Party or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Note Party or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Note Party or any of its Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (ia) A An involuntary case, proceeding or other action shall be commenced against any Credit Party or any Subsidiary thereof under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or relief of debtors, seeking to have any order for relief entered with respect to it, or seeking to adjudicate it as bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, wind-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or seeking appointment of a receiver, administrative receiver, trustee, receiver-manager, liquidator, sequestrator, administrator, custodian or similar official for it or for all or any substantial part of its assets, and if such case or proceeding is being diligently contested in good faith, which case, proceeding or other action shall not be stayed, dismissed, bonded or discharged within thirty (30) days; or a court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company any Credit Party or any of its Subsidiaries Subsidiary thereof in an involuntary case under the Bankruptcy Code or case, under any other applicable bankruptcy, insolvency or other similar law now or hereafter hereinafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal federal, state, local or state foreign law; or (ii) an involuntary case shall be commenced against the Company or any of its Subsidiaries under the Bankruptcy Code or under petition is presented by any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises Person for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company an administrator of any Credit Party or any of its SubsidiariesSubsidiary thereof and if such petition is being diligently contested in good faith, or over all or a substantial part of its propertysuch petition shall not be stayed, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its Subsidiaries, and any such event described in the foregoing clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; ordischarged within thirty (30) days.

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company a Borrower or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable applica ble federal or state law; or (ii) an involuntary case shall be commenced against the Company a Borrower or any of its Subsidiaries Subsidiaries, under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company a Borrower or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company a Borrower or any of its Subsidiaries Subsidiaries, for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company a Borrower or any of its Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court ----------------------------------------------------- of competent jurisdiction shall enter a decree or order for relief in respect of the Company or any of its Restricted Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company or any of its Restricted Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its Restricted Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Restricted Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its Restricted Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter enters a decree or order for relief with respect to Sponsor, any SREC Seller Party or any Relevant Party in respect an Involuntary Bankruptcy, which decree or order is not stayed or other similar relief is not granted under any applicable federal or state Law; (ii) the occurrence and continuation of any of the Company following events for sixty (60) days unless dismissed or any of its Subsidiaries in discharged within such time: (A) an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or other similar law Law now or hereafter in effect, is commenced, in which decree or order is not stayed; the Sponsor, any SREC Seller Party or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company Relevant Party is a debtor or any portion of its Subsidiaries under the Bankruptcy Code Collateral or under any other applicable bankruptcyMembership Interest is property of the estate therein, insolvency or similar law now or hereafter in effect; or (B) a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company Sponsor, any SREC Seller Party or any of its SubsidiariesRelevant Party, or over all or a substantial part of its propertyProperty, shall have been is entered; or there shall have occurred the involuntary appointment of , (C) an interim receiver, receiver, examiner, administrator, trustee or other custodian is appointed without the consent of the Company Sponsor, any SREC Seller Party or any of its Subsidiaries Relevant Party for all or a substantial part of its property; the Property of such Person or (D) a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property Property of the Company Sponsor, any SREC Seller Party or any of its Subsidiaries, and any such event described in the foregoing clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; orRelevant Party;

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter enters a decree or order for relief with respect to Sponsor or any Relevant Party in respect an Involuntary Bankruptcy, which decree or order is not stayed or other similar relief is not granted under any applicable federal or state Law; (ii) the occurrence and continuation of any of the Company following events for sixty (60) days unless dismissed or any of its Subsidiaries in discharged within such time: (w) an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or other similar law Law now or hereafter in effect, is commenced, in which decree or order is not stayed; Sponsor or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company Relevant Party is a debtor or any portion of its Subsidiaries under the Bankruptcy Code Collateral or under any other applicable bankruptcyMembership Interest is property of the estate therein, insolvency or similar law now or hereafter in effect; or (x) a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company Sponsor or any of its SubsidiariesRelevant Party, or over all or a substantial part of its property, shall have been is entered; or there shall have occurred the involuntary appointment of , (y) an interim receiver, receiver, examiner, administrator, trustee or other custodian is appointed without the consent of the Company Sponsor or any of its Subsidiaries Relevant Party for all or a substantial part of its property; the property of such Person or (z) a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company Sponsor or any of its Subsidiaries, Relevant Party; 133 [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and any such event described in filed separately with the foregoing clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; orSecurities and Exchange Commission.

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Credit Party or any of its Subsidiaries (other than any Immaterial Subsidiary) in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Credit Party or any of its Subsidiaries (other than any Immaterial Subsidiary) under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Credit Party or any of its SubsidiariesSubsidiaries (other than any Immaterial Subsidiary), or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Credit Party or any of its Subsidiaries (other than any Immaterial Subsidiary) for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Credit Party or any of its SubsidiariesSubsidiaries (other than any Immaterial Subsidiary), and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A The entry by a court of competent jurisdiction shall enter of a decree or order for relief in respect of the Company any Loan Party or any of its their Restricted Subsidiaries (other than any Immaterial Subsidiary) in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Debtor Relief Law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal federal, state or state local law; or (ii) the commencement of an involuntary case shall be commenced against the Company any Loan Party or any of its their Restricted Subsidiaries under the Bankruptcy Code or (other than any Immaterial Subsidiary) under any other applicable bankruptcy, insolvency or similar law now or hereafter in effectDebtor Relief Law; or a decree or order of the entry by a court having jurisdiction in the premises of a decree or order for the appointment of a receiver, administratorreceiver and manager, examiner(preliminary) insolvency receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any Loan Party any of its Subsidiariestheir Restricted Subsidiaries (other than any Immaterial Subsidiary), or over all or a substantial part of its property, shall have been entered; or there shall have occurred (iii) the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Loan Party or any of its their Restricted Subsidiaries (other than any Immaterial Subsidiary) for all or a substantial part of its property; , which remains undismissed, unvacated, unbounded or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its Subsidiaries, and any such event described in the foregoing clause (i) or (ii) shall continue unstayed pending appeal for sixty (60) days without having been dismissed, bonded or dischargedconsecutive days; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Credit Party or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Credit Party or any of its Subsidiaries (other than any Immaterial Subsidiary) under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law Debtor Relief Laws now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Credit Party or any of its SubsidiariesSubsidiaries (other than any Immaterial Subsidiary), or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Credit Party or any of its Subsidiaries (other than any Immaterial Subsidiary) for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Credit Party or any of its SubsidiariesSubsidiaries (other than any Immaterial Subsidiary), and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company Borrower or any of its Material Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company Borrower or any of its Material Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company Borrower or any of its Material Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company Borrower or any of its Material Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company Borrower or any of its Material Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company any Loan Party or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Loan Party or any of its Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Loan Party or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Loan Party or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, 145 157 execution or similar process shall have been issued against any substantial part of the property of the Company any Loan Party or any of its Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Loan Party (other than an English Loan Party) or any of its Subsidiaries Rubraca Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Loan Party (other than an English Loan Party) or any of its Subsidiaries Rubraca Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Loan Party (other than an English Loan Party) or any of its SubsidiariesRubraca Subsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Loan Party (other than an English Loan Party) or any of its Subsidiaries Rubraca Subsidiary for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Loan Party (other than an English Loan Party) or any of its SubsidiariesRubraca Subsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) consecutive days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i1) A court of competent jurisdiction shall enter enters a decree or order for relief in with respect to any of the Company or any of its Subsidiaries Non-Debtor Loan Parties in an involuntary case under the any Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effectLaw, which decree or order is not stayed; stayed or any other similar relief shall be is not granted under any applicable federal federal, provincial, state or state foreign law; or (ii2) the continuance of any of the following events for thirty (30) days unless dismissed, bonded or discharged: (a) an involuntary petition, proceeding or case shall be is commenced against the Company or any of its Subsidiaries under the Bankruptcy Code or Non-Debtor Loan Parties under any other applicable bankruptcy, insolvency insolvency, reorganization or other similar law of any jurisdiction now or hereafter in effecteffect or under any insolvency, arrangement, reorganization, moratorium, receivership, readjustment of debt, dissolution or liquidation law or statute of any jurisdiction now or hereafter in effect (whether at law or equity); or (b) a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, receiver-manager, administrator, examinermanager, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its Subsidiariesthe Non-Debtor Loan Parties, or over all or a substantial part of its property, shall have been is entered; or there shall have occurred the involuntary appointment of (c) an interim receiver, receiver, examiner-manager, administrator, manager, trustee or other custodian is appointed without the consent of any of the Company or any of its Subsidiaries Non-Debtor Loan Parties, for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its Subsidiariesof, and any such event described Non-Debtor Loan Party; in the foregoing each case under clause (i1) or and (ii2) shall continue for sixty (60) days without having been dismissed, bonded or dischargedexcept as could not reasonably be expected to have a Non-Debtor Loan Party Material Adverse Effect; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Holding, Company or any of its Material Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Holding, Company or any of its Material Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Holding, Company or any of its Material Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Holding, Company or any of its Material Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Holding, Company or any of its Material Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company or any of its Restricted Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company or any of its Restricted Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its Restricted Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Restricted Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process 124 shall have been issued against any substantial part of the property of the Company or any of its Restricted Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief (other than a decree or order described in clause (ii)) in respect of the Company any NF Party or any of its Subsidiaries Holding in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; , or (ii) an involuntary case shall be commenced against the Company any NF Party or any of its Subsidiaries Holding under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company such NF Party or any of its Subsidiaries, or over all or a substantial part of its property, Holding shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company such NF Party or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its SubsidiariesHolding, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company any Credit Party or any of its their respective material Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Credit Party or any of its their respective material Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Credit Party or any of its their respective material Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Credit Party or any of its their respective material Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Credit Party or any of its their respective material Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged, it being understood that `material Subsidiary' under subsections 7.6, 7.7 and 7.9 shall include SFHI and its successors, and from and after the Pioneer Plan Effective Date, shall include Pioneer Finance and Pioneer Hotel and their respective successors; or"

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company Borrower or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company Borrower or any of its Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company Borrower or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company Borrowers or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company Borrower or any of its Subsidiaries, and any such event described in the foregoing clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company or any of its Subsidiaries Significant Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayedvacated, discharged or stayed within 60 days of the entry thereof; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company or any of its Subsidiaries Significant Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its SubsidiariesSignificant Subsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Subsidiaries Significant Subsidiary for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its SubsidiariesSignificant Subsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company or any of its Subsidiaries Non-Debtor Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company or any of its Subsidiaries Non-Debtor Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its SubsidiariesNon-Debtor Subsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Subsidiaries Non-Debtor Subsidiary for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its SubsidiariesNon-Debtor Subsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) ten days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Loan Party or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency insolvency, or similar law now or hereafter in effect, which decree or order is not stayed; , or any other similar relief shall be granted under any applicable federal or state law; , or (ii) an involuntary case shall be commenced against the Company any Loan Party or any of its Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency insolvency, or similar law now or hereafter in effect; , or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian custodian, or other officer having similar powers over the Company any Loan Party or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; , or there shall have occurred the involuntary appointment of an interim receiver, receivertrustee, examiner, administrator, trustee or other custodian of the Company any Loan Party or any of its Subsidiaries for all or a substantial part of its property; , or a warrant of attachment, execution execution, or similar process shall have been issued against any substantial part of the property of the Company any Loan Party or any of its Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been dismissed, bonded bonded, or discharged; , or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company Borrower, any Credit Party or any of its Subsidiaries Material Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company Borrower, any Credit Party or any of its Subsidiaries Material Subsidiary under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company Borrower, any Credit Party or any of its SubsidiariesMaterial Subsidiary, or over all or a substantial part of its their respective property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company Borrower, any Credit Party or any of its Subsidiaries Material Subsidiary for all or a substantial part of its their respective property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company Borrower, any Credit Party or any of its SubsidiariesMaterial Subsidiary, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company or any of its Significant Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company or any of its Significant Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its Significant Subsidiaries, or over all or a substantial part of its property, shall have been -100- 108 entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Significant Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its Significant Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company any Credit Party or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effectDebtor Relief Law, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Credit Party or any of its Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effectDebtor Relief Law; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Credit Party or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Credit Party or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Credit Party or any of its Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent ----------------------------------------------------- having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company any Credit Party or any of its their respective material Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company any Credit Party or any of its their respective material Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company any Credit Party or any of its their respective material Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company any Credit Party or any of its their respective material Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company any Credit Party or any of its their respective material Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged, it being understood that "material Subsidiary" under subsections 7.6, 7.7 and 7.9 shall include SFHI, Pioneer Finance, Pioneer Hotel Inc. and their respective successors; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of competent having jurisdiction in the premises shall enter a decree or order for relief in respect of the Holdings, Company or any of its Material Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Holdings, Company or any of its Material Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Holdings, Company or any of its Material Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Holdings, Company or any of its Material Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Holdings, Company or any of its Material Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) 60 days without having been unless dismissed, bonded or discharged; or

Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) ---------------------------------------------------- A court of competent jurisdiction shall enter a decree or order for relief in respect of the Company or any of its Restricted Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against the Company or any of its Restricted Subsidiaries under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, examiner, liquidator, sequestrator, trustee, custodian or other officer having similar powers over the Company or any of its Restricted Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, receiver, examiner, administrator, trustee or other custodian of the Company or any of its Restricted Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of the Company or any of its Restricted Subsidiaries, and any such event described in the foregoing this clause (i) or (ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or