Common use of Voluntary Bankruptcy; Appointment of Receiver, Etc Clause in Contracts

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1) any Credit Party commences a voluntary case under the Bankruptcy Code, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (2) any Credit Party makes any assignment for the benefit of creditors; or (3) the Board of Directors of any Credit Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(g); or

Appears in 15 contracts

Samples: Credit Agreement (Golfsmith International Holdings Inc), Credit Agreement (Playtex Products Inc), Credit Agreement (Golfsmith International Holdings Inc)

AutoNDA by SimpleDocs

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1) any Any Credit Party commences a voluntary case under the Bankruptcy Code, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (2) any Credit Party makes any assignment for the benefit of creditors; or (3) the Board of Directors of any Credit Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(g); or

Appears in 6 contracts

Samples: Credit Agreement (TNS Inc), Credit Agreement (TNS Inc), Credit Agreement (TNS Inc)

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1) any Credit Any Loan Party commences a voluntary case under the Bankruptcy Codeany applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (2) any Credit Loan Party makes any assignment for the benefit of creditors; or (3) the Board board of Directors directors of any Credit Loan Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(gsubsection 8.1(H); or

Appears in 4 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Pizza Inn Holdings, Inc /Mo/), Loan and Security Agreement (BNS Holding, Inc.)

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1) any Credit Loan Party commences a voluntary case under the Bankruptcy Code, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (2) any Credit Loan Party makes any assignment for the benefit of creditors; or (3) the Board of Directors of any Credit Loan Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(g8.1(g); or

Appears in 3 contracts

Samples: Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp)

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1) any Credit Party commences a voluntary case under the Bankruptcy Code, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (2) any Credit Party makes any assignment for the benefit of creditors; or (3) the Board of Directors of any Credit Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(gSECTION 7.1(g); or

Appears in 2 contracts

Samples: Credit Agreement (RadNet, Inc.), Credit Agreement (Primedex Health Systems Inc)

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1) any Credit Party commences a voluntary case under the Bankruptcy Code, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (2) any Credit Party makes any assignment for the benefit of creditors; or (3) the Board of Directors of any Credit Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(g7.1(g); or

Appears in 2 contracts

Samples: Credit Agreement (Accuro Healthcare Solutions, Inc.), Credit Agreement (Accuro Healthcare Solutions, Inc.)

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1) any Any Credit Party commences a voluntary case under the Bankruptcy CodeCode or any other Insolvency Law, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee trustee, interim receiver, receiver and manager or other custodian for all or a substantial part of its property; or (2) any Credit Party makes any assignment for the benefit of creditors; or (3) the Board of Directors of any Credit Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(g8.1(g); or

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Exopack Holding Corp), Credit and Guaranty Agreement (Exopack Holding Corp)

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1) any Credit Any Loan Party commences a voluntary case under the Bankruptcy Code, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (2) any Credit Loan Party makes any assignment for the benefit of creditors; or (3) the Board of Directors of any Credit Loan Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(g8.1(g); or

Appears in 1 contract

Samples: Credit Agreement (Southwest Casino Corp)

AutoNDA by SimpleDocs

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1i) any Credit Party commences a voluntary case under the Bankruptcy Code, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (2ii) any Credit Party makes any assignment for the benefit of creditors; or (3iii) the Board of Directors of any Credit Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(g); or

Appears in 1 contract

Samples: Credit Agreement (Neff Finance Corp.)

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1) any Credit Any Loan Party commences a voluntary case under the Bankruptcy Codeany Insolvency Law now or hereafter in effect, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (2) any Credit Loan Party makes any assignment for the benefit of creditors; or (3) the Board board of Directors directors of any Credit Loan Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(gsubsection 8.1(H); or

Appears in 1 contract

Samples: Loan Agreement (ReFinance America, LTD)

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1) any Credit Party commences a voluntary case under the Bankruptcy Code, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (2) any Credit Party makes any assignment for the benefit of creditors; or (3) the Board of Directors of any Credit Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(g); or

Appears in 1 contract

Samples: Credit Agreement (Southern Construction Products Inc)

Voluntary Bankruptcy; Appointment of Receiver, Etc. (1) any Credit Party commences a voluntary case under the Bankruptcy Code, or consents to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case under any such law or consents to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or (2) any Credit Party makes any general assignment for the benefit of creditors; or (3) the Board of Directors of any Credit Party adopts any resolution or otherwise authorizes action to approve any of the actions referred to in this Section 6.1(g6.1(G); or;

Appears in 1 contract

Samples: Credit Agreement (RathGibson Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.