Common use of Receivers Clause in Contracts

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 33 contracts

Samples: Loan Agreement (Annie's, Inc.), Agreement (Unilens Vision Inc), Loan Agreement (Technical Communications Corp)

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Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 15 contracts

Samples: Loan Agreement (California First National Bancorp), Credit Agreement (Cash Systems Inc), Loan Agreement (DJSP Enterprises, Inc.)

Receivers. A receiver or similar official is appointed for a substantial portion of the any Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 7 contracts

Samples: Loan Agreement (Resources Connection Inc), Loan Agreement (Resources Connection Inc), Loan Agreement (Ambassadors International Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the any Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 6 contracts

Samples: Loan Agreement (California First National Bancorp), Loan Agreement (Air T Inc), Loan Agreement (Radiant Logistics, Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Subsidiary’s or Obligor’s business, or the business is terminated, or, if any Subsidiary or Obligor is anything other than a natural person, such Subsidiary or Obligor is liquidated or dissolved.

Appears in 3 contracts

Samples: Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (Cumberland Pharmaceuticals Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's (or any Obligor’s 's) business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 3 contracts

Samples: Business Loan Agreement (Motorcar Parts & Accessories Inc), Loan Agreement (Wynn Stephen A), Business Loan Agreement (Novatel Wireless Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s (or any Obligor’s ’s) business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 2 contracts

Samples: Business Loan Agreement (Network Equipment Technologies Inc), Business Loan Agreement (Remedytemp Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the a Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Mexco Energy Corp)

Receivers. A With respect to any Borrower, a receiver or similar official is appointed for a substantial portion of the such Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Iaso Pharma Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s Borrowers or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Decorize Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's or any Obligor’s Obligors business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (American Shared Hospital Services)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's (or any Obligor’s 's) business, or the business is terminated, or, if or any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Business Loan Agreement (National Rv Holdings Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s Borrowers or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Insys Therapeutics, Inc.)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s or any Subsidiary’s business, or the business is terminated, or, if any Obligor or any Subsidiary is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Premier Exhibitions, Inc.)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.. 8.7

Appears in 1 contract

Samples: Loan Agreement (Pope Resources LTD Partnership)

Receivers. A receiver or similar official is appointed for a substantial any portion of the Borrower’s or any Obligor’s business, ,or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Note and Agreement (Premier Exhibitions, Inc.)

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Receivers. A receiver receiver, receiver-manager, or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (American Locker Group Inc)

Receivers. A receiver or similar official is appointed for a substantial any portion of the Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Note and Agreement (Trey Resources Inc)

Receivers. A receiver or similar official is appointed for a substantial any portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (American Restaurant Concepts Inc)

Receivers. A receiver or similar official is appointed for a substantial any portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (American Rebel Holdings Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.. 9.7

Appears in 1 contract

Samples: Loan Agreement (DLH Holdings Corp.)

Receivers. A receiver or similar official is appointed for a substantial any portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Estate Loan Agreement (Diversified Restaurant Holdings, Inc.)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's or any Obligor’s 's business, or the business is terminated, or, if or any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Craft Brewers Alliance, Inc.)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s or any Obligor’s business, or the business is terminated, or, if or any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Loan Agreement (Redhook Ale Brewery Inc)

Receivers. A receiver or similar official is appointed for a substantial portion of the Borrower’s 's or any Obligor’s 's business, or the business of the Borrower or any Obligor is terminated, or, if any Obligor is anything other than a natural person, such Obligor is liquidated or dissolved.

Appears in 1 contract

Samples: Business Loan Agreement (Charlotte Russe Holding Inc)

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