Common use of Voluntary Bankruptcy, etc Clause in Contracts

Voluntary Bankruptcy, etc. The commencement by Maker of a voluntary case under the Federal Bankruptcy Code, as now constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

Voluntary Bankruptcy, etc. The commencement by Maker Borrower of a voluntary case under the Federal Bankruptcy Code, as now constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker Borrower or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker Borrower generally to pay its debts as such debts become due, or the taking of corporate action by Maker Borrower in furtherance of any of the foregoing.

Voluntary Bankruptcy, etc. The commencement by Maker the Company of a voluntary case under the Federal Bankruptcy Code, as now constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker the Company or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker the Company generally to pay its debts as such debts become due, or the taking of corporate action by Maker the Company in furtherance of any of the foregoing.

Voluntary Bankruptcy, etc. The commencement by Maker Borrower of a voluntary case under the Federal Bankruptcy Code, as now constituted or hereafter amended, or any other applicable federal or state bankruptcyBankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it Borrower to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or Borrower for any substantial part of its property, the Collateral or the making by it Borrower of any assignment for the benefit of creditors, or the failure of Maker Borrower generally to pay its or his debts as such debts become due, or the taking of corporate action by Maker Borrower in furtherance of any of the foregoing.