Common use of Involuntary Insolvency Clause in Contracts

Involuntary Insolvency. If an Insolvency Proceeding is commenced against Borrower except that if Borrower is contesting such Insolvency Proceeding in good faith, such Insolvency Proceeding shall not constitute an Event of Default unless such Insolvency Proceeding is not dismissed within sixty (60) days of the commencement of such Insolvency Proceedings.

Involuntary Insolvency. If an Insolvency Proceeding is commenced against Borrower Borrower, except that if Borrower is contesting such Insolvency Proceeding in good faith, such Insolvency Proceeding shall not constitute an Event of Default unless such Insolvency Solvency Proceeding is not dismissed within sixty forty-five (6045) days of the commencement of such Insolvency Proceedings.

Involuntary Insolvency. If an Insolvency Proceeding is Any insolvency proceeding commenced against Borrower Xxxxxxxx, except that if Borrower is contesting such Insolvency Proceeding in good faithinsolvency proceeding, such Insolvency Proceeding it shall not constitute an Event of Default unless such Insolvency Proceeding is not dismissed within sixty (60) days of the commencement of such Insolvency Proceedingscommencement.

Involuntary Insolvency. If an Insolvency Proceeding any insolvency proceeding is commenced against Borrower or the General Partner except that if Borrower or the General Partner is contesting such Insolvency Proceeding in good faithinsolvency proceeding, such Insolvency Proceeding proceeding shall not constitute an Event of Default unless such Insolvency Proceeding it is not dismissed within sixty ninety (6090) days of the commencement of such Insolvency Proceedingsthereof.

Involuntary Insolvency. If an Insolvency Proceeding is Any insolvency proceeding commenced against Borrower Borrower, except that if Borrower is contesting such Insolvency Proceeding in good faithinsolvency proceeding, such Insolvency Proceeding it shall not constitute an Event of Default unless such Insolvency Proceeding is not dismissed within sixty (60) days of the commencement of such Insolvency Proceedingscommencement.