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, or any guarantor is liquidated or dissolved.

Appears in 3 contracts

Sources: Business Loan Agreement (Sunrise Telecom Inc), Business Loan Agreement (K Swiss Inc), Business Loan Agreement (Calavo Growers Inc)

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

Appears in 1 contract

Sources: Business Loan Agreement (Flir Systems Inc)

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

Appears in 1 contract

Sources: Business Loan Agreement (Futech Toys & Games Inc)

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

Appears in 1 contract

Sources: Business Loan Agreement (Mobility Electronics Inc)

Receivers. A receiver or similar official is appointed for the Borrower's (or any guarantorSubsidiary Guarantor's) business, or the business is terminated, or any guarantor Subsidiary Guarantor is liquidated or dissolveddissolved (except in connection with any merger or consolidation permitted hereunder).

Appears in 1 contract

Sources: Business Loan Agreement (Quidel Corp /De/)