Common use of Receivers Clause in Contracts

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) business, or the business is terminated.

Appears in 33 contracts

Sources: Business Loan Agreement (Dura Pharmaceuticals Inc/Ca), Business Loan Agreement (Watsco Inc), Business Loan Agreement (Remedytemp Inc)

Receivers. A receiver or similar official is appointed for the a substantial portion of Borrower's ’s (or any guarantor's’s) business, or the business is terminated.

Appears in 29 contracts

Sources: Business Financing Agreement (Arteris, Inc.), Business Financing Agreement (Socket Mobile, Inc.), Business Financing Agreement (ChromaDex Corp.)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) business, or the business is terminated.

Appears in 29 contracts

Sources: Business Loan Agreement (Travis International Inc), Business Loan Agreement (Gardenburger Inc), Secured Line of Credit Loan Agreement (Franklin Select Realty Trust)

Receivers. A receiver or similar official is appointed for the any Borrower's (or any guarantor's) business, or the business is terminated.

Appears in 8 contracts

Sources: Business Loan Agreement (Sunquest Information Systems Inc), Business Loan Agreement (Crop Growers Corp), Business Loan Agreement (Educational Medical Inc)

Receivers. A receiver or similar official is appointed for the a substantial portion of Borrower's (or any guarantor's) business, or the business is terminated.

Appears in 8 contracts

Sources: Business Financing Agreement, Business Financing Agreement (Astea International Inc), Business Financing Agreement (IZEA, Inc.)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) business, or the Borrower's business is terminated.

Appears in 8 contracts

Sources: Commercial Loan Agreement, Commercial Loan Agreement (ICON ECI Fund Sixteen), Commercial Loan Agreement (Icon Eci Fund Fifteen, L.P.)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) business, or the business is terminated.

Appears in 7 contracts

Sources: Loan Agreement (Boston Capital Real Estate Investment Trust Inc), Commercial Loan Agreement (Novellus Systems Inc), Commercial Loan Agreement (Titan Corp)

Receivers. A receiver or similar official is appointed for the any Borrower's (or any guarantor's) business, or the business is terminated.

Appears in 5 contracts

Sources: Savings Plan and Trust Agreement (California Water Service Group), Business Loan Agreement (Ashworth Inc), Business Loan Agreement (Ashworth Inc)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) 's business, or the business is terminated.

Appears in 5 contracts

Sources: Business Loan Agreement (Coffee People Inc), Business Loan Agreement (Temtex Industries Inc), Business Loan Agreement (Oyo Geospace Corp)

Receivers. A receiver or similar official is appointed for the a substantial portion of Borrower's (or any guarantor's) ’s business, or the business is terminated.

Appears in 4 contracts

Sources: Business Financing Agreement (Transwitch Corp /De), Business Financing Agreement (Implant Sciences Corp), Business Financing Agreement (Tripath Technology Inc)

Receivers. A receiver or similar official is appointed for the a substantial portion of Borrower's ’s (or any guarantor's’s) business, business or the business is terminated.

Appears in 2 contracts

Sources: Business Financing Agreement, Business Financing Agreement (E2open Inc)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) of its Subsidiaries business, or the business is terminated.

Appears in 2 contracts

Sources: Business Loan Agreement (Hawker Pacific Aerospace), Business Loan Agreement (Hawker Pacific Aerospace)

Receivers. A receiver or similar official is appointed for the a substantial portion of any Borrower's ’s (or any guarantor's’s) business, or the business is terminated.

Appears in 2 contracts

Sources: Business Financing Agreement, Business Financing Agreement (Selectica Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower's (or any guarantor's) business, or the business is terminated, or any guarantor is liquidated or dissolved.

Appears in 2 contracts

Sources: Employee Loan Agreement (Commerce One Inc / De/), Loan Agreement (Escalon Medical Corp)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower's (or any guarantor's) Guarantor's business, or the business is terminated.

Appears in 1 contract

Sources: Loan Agreement (Move Inc)

Receivers. A receiver or similar official is appointed for the any Borrower's (or any guarantor'sguarantors) business, or the business is terminated.

Appears in 1 contract

Sources: Business Loan Agreement (Grill Concepts Inc)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) Guarantor's business, or the business is terminated.

Appears in 1 contract

Sources: Business Loan Agreement (Garcia Ernest C Ii)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower's (’s or any guarantor's) ’s business, or the business is terminated.. 8.7

Appears in 1 contract

Sources: Bridge Loan Agreement (Coast Casinos Inc)

Receivers. A receiver or similar official is appointed for the a substantial portion of Borrower's ’s (or any guarantor's) business, or the business is terminated.

Appears in 1 contract

Sources: Business Financing Agreement (Teknowledge Corp)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) ’s business, or the business is terminated.

Appears in 1 contract

Sources: Business Loan Agreement (Stater Bros Holdings Inc)

Receivers. A receiver or similar official is appointed for the any Borrower's (or any guarantor's) 's business, or the business is terminated.

Appears in 1 contract

Sources: Commercial Loan Agreement (Arlen Corp)

Receivers. A receiver or similar official is appointed for the Borrower's a substantial portion of Borrowers (or any guarantor'sguarantors) business, or the business is terminated.

Appears in 1 contract

Sources: Business Financing Agreement (Inuvo, Inc.)

Receivers. A receiver or similar official is appointed for the --------- Borrower's (or any guarantor's) business, or the business is terminated.

Appears in 1 contract

Sources: Business Loan Agreement (Image Entertainment Inc)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) Guarantor's business, or the business of the Borrower is terminated.

Appears in 1 contract

Sources: Business Loan Agreement (Cerprobe Corp)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantorGuarantor's) business, or the business is terminated.

Appears in 1 contract

Sources: Business Loan Agreement (Calgene Inc /De/)

Receivers. A receiver or similar official is appointed for the --------- Borrower's (or any guarantor's) Guarantor's business, or the business is terminated.

Appears in 1 contract

Sources: Business Loan Agreement (Aztec Manufacturing Co)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) business, or the business is terminated.. 8.5

Appears in 1 contract

Sources: Business Loan Agreement (California Water Service Co)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantorthe Guarantor's) business, business or the business is terminated.. 8.7

Appears in 1 contract

Sources: Secured Business Loan Agreement (Greg Manning Auctions Inc)

Receivers. A receiver or similar official is appointed for the any Borrower's (or any guarantor's) business, or the business of any Borrower is terminated.

Appears in 1 contract

Sources: Business Loan Agreement (Lec Technologies Inc)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantor's) business, or the business is terminated.. -------------------------------------------------------------------------------- -9-

Appears in 1 contract

Sources: Business Loan Agreement (Variflex Inc)

Receivers. A receiver or similar official is appointed for the a substantial portion of Borrower's ’s (or any guarantor'sGuarantor’s) business, business or the business is terminated.

Appears in 1 contract

Sources: Business Financing Agreement (E2open Inc)

Receivers. A receiver or similar official is appointed for the Borrower's business (or any guarantor's) businessgeneral partner or majority shareholder of either), or the business is terminated.

Appears in 1 contract

Sources: Line of Credit Loan Agreement (ASPA Gold Corp)

Receivers. A receiver or similar official is appointed for the a substantial portion of a Borrower's ’s, Guarantor or a Subsidiary Guarantor’s (or any other guarantor's’s) business, or the business is terminated.

Appears in 1 contract

Sources: Business Financing Agreement (Workstream Inc)

Receivers. A receiver or similar official is appointed for the Borrower's (’s or any guarantor's) Subsidiary’s business, or the business is terminated.

Appears in 1 contract

Sources: Business Loan Agreement (Global Vacation Group Inc)

Receivers. A receiver or similar official is appointed for the any --------- Borrower's (or any guarantorGuarantor's) business, or the business is terminated.

Appears in 1 contract

Sources: Business Loan Agreement (Kinetics Group Inc)

Receivers. A receiver or similar official is appointed for the Borrower's Borrowers (or any guarantor'sguarantors) or any trustor's business, or the business is terminated.

Appears in 1 contract

Sources: Business Loan Agreement (Edelbrock Corp)