Prohibited Assignment. Instructor attempts to make, or makes, an assignment for the benefit of its creditors, admits in writing to its inability to pay its debts as they come due, commences or is the subject of any proceeding under law relating to bankruptcy, insolvency, or readjustments of its debt, which proceeding is not dismissed within sixty (60) days after commencement;
Appears in 3 contracts
Samples: Instructor Hhcic Membership Agreement, Instructor Hhcic Membership Agreement, www.healthyhandscooking.com
Prohibited Assignment. Prospective Instructor attempts to make, or makes, an assignment for the benefit of its creditors, admits in writing to its inability to pay its debts as they come due, commences or is the subject of any proceeding under law relating to bankruptcy, insolvency, or readjustments of its debt, which proceeding is not dismissed within sixty (60) days after commencement;
Appears in 2 contracts
Samples: Healthy Hands Cooking Training Agreement, Healthy Hands Cooking Training Agreement