Petition for Bankruptcy Clause Samples
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Petition for Bankruptcy. Stockholder agrees not to, and agrees to cause its Affiliates not to, commence an involuntary case or proceeding against the Company or any Subsidiary under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar Law or any other case or proceeding to cause the Company or any of its Subsidiaries to be adjudicated bankrupt or insolvent.
Petition for Bankruptcy. Consultant shall be entitled to immediately, and without notice, suspend the performance of any and all of its obligations pursuant to this Agreement if Client files a voluntary petition seeking relief under the United States Bankruptcy Court, and that petition is not dismissed within fifteen
Petition for Bankruptcy. A petition under any part of the federal bankruptcy laws, or an action under any present or future solvency laws or statute is filed against Concessionaire and is not dismissed within 120 days;