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 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 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 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 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 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 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 a substantial portion of the Borrower's (or any guarantor's) business, or the business is terminated.

Appears in 3 contracts

Sources: Credit Agreement, Credit Agreement, Business Loan Agreement (Vans Inc)

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 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 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 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 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 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 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) ’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 --------- 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 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) 's or any Subsidiary's business, or the business is terminated, or any guarantor is liquidated or dissolved.

Appears in 1 contract

Sources: Business Loan Agreement (Pacific Sunwear of California Inc)

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 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 (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 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 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'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 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 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 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) 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 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 --------- 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 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)