Common use of Receiver or Trustee Clause in Contracts

Receiver or Trustee. The Maker or any subsidiary of the Maker shall make an assignment for the benefit of creditors or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall otherwise be appointed.

Appears in 3 contracts

Samples: Business Purchase Agreement (Arvana Inc), Agreement for the Sale and Purchase of Common Stock (Lovig Brian), Agreement for the Sale and Purchase of Common Stock (Nazerali Altaf)

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Receiver or Trustee. The Maker or any subsidiary of the Maker shall make an assignment for the benefit of creditors creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Plan and Agreement of Merger (Bowmo, Inc.)

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Receiver or Trustee. The Maker or any subsidiary of the Maker shall make an assignment for the benefit of creditors creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall otherwise be appointed.

Appears in 1 contract

Samples: Security Agreement (Abakan, Inc)

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