Common use of Receivers Clause in Contracts

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

Appears in 7 contracts

Samples: Loan Agreement (Boston Capital Real Estate Investment Trust Inc), Loan Agreement (Boston Capital Real Estate Investment Trust Inc), Loan Agreement (Comc Inc)

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

Appears in 7 contracts

Samples: Commercial Loan Agreement (ICON Equipment & Corporate Infrastructure Fund Fourteen, L.P.), 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 a substantial portion of Borrower's ’s business, or the business is terminated.

Appears in 4 contracts

Samples: 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 ’s business, or the Borrower’s business is terminated, or if the Borrower is liquidated or dissolved.

Appears in 3 contracts

Samples: Loan Agreement (Roadhouse Grill Inc), Loan Agreement (Roadhouse Grill Inc), Loan Agreement (Roadhouse Grill Inc)

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

Appears in 3 contracts

Samples: Loan Agreement (Odyssey Marine Exploration Inc), Loan Agreement (Odyssey Marine Exploration Inc), Loan Agreement (Odyssey Marine Exploration Inc)

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

Appears in 3 contracts

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

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

Appears in 1 contract

Samples: Commercial Loan Agreement (Artest Corp)

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

Appears in 1 contract

Samples: Business Financing Agreement (Ion Networks Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (Salick Health Care Inc)

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

Appears in 1 contract

Samples: Business Loan Agreement (Image Entertainment Inc)

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

Appears in 1 contract

Samples: Lec Technologies Inc

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

Appears in 1 contract

Samples: Business Loan Agreement (Stater Bros Holdings Inc)

Receivers. A receiver or similar official is appointed for the --------- Borrower's or the Subsidiary Borrower's business, or the business is terminated.

Appears in 1 contract

Samples: Business Loan Agreement (Impco Technologies Inc)

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

Appears in 1 contract

Samples: Credit Loan Agreement (ASPA Gold Corp)

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

Appears in 1 contract

Samples: Business Loan Agreement (Global Vacation Group Inc)

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