Common use of Involuntary Insolvency Proceedings Clause in Contracts

Involuntary Insolvency Proceedings. The commencement of an Insolvency Proceeding against a Borrower or a Borrower’sBorrower’s Property by any Person other than a Borrower or an Affiliate of Borrower, if not dismissed within sixty (60) days.

Appears in 2 contracts

Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)

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Involuntary Insolvency Proceedings. The commencement of an Insolvency Proceeding against a Borrower or a Borrower’sBorrower’s Borrower's Property by any Person other than a Borrower or an Affiliate of Borrower, if not dismissed within sixty (60) days.

Appears in 2 contracts

Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)

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