Common use of Voluntary Bankruptcy or Insolvency Clause in Contracts

Voluntary Bankruptcy or Insolvency. Borrower commences a voluntary case under applicable bankruptcy or insolvency law, consents to the entry of an order for relief in an involuntary case under any such law, or consents or is subject to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian or other similar official of Borrower or any substantial part of its property, or makes an assignment for the benefit of creditors, or fails generally or admits in writing to its inability to pay its debts as they become due, or takes any corporate action in furtherance of any of the foregoing.

Voluntary Bankruptcy or Insolvency. If Borrower commences or any Subsidiary shall commence a voluntary case under any applicable bankruptcy bankruptcy, insolvency or insolvency lawother similar law now or hereafter in effect, consents shall consent to the entry of an order for relief in an involuntary case under any such law, or consents or is subject shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian (or other similar official official) of Borrower or for any substantial part of its property, or makes an shall make a general assignment for the benefit of creditors, or fails generally or admits in writing to its inability to pay its debts as they become due, or takes shall take any corporate action in furtherance of any of the foregoing.

Voluntary Bankruptcy or Insolvency. Any Borrower commences a voluntary case under applicable bankruptcy or insolvency law, consents to the entry of an order for relief in an involuntary case under any such law, or consents or is subject to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian or other similar official of such Borrower or any substantial part of its property, or makes an assignment for the benefit of creditors, or fails generally or admits in writing to its inability to pay its debts as they become due, or takes any corporate action in furtherance of any of the foregoing.

Voluntary Bankruptcy or Insolvency. Borrower commences a voluntary case under applicable bankruptcy or insolvency law, consents to the entry of an order for relief in an involuntary case under any such law, or consents or is subject to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian or other similar official of Borrower or any substantial part of its property, or makes an assignment for the benefit of creditors, or fails generally or admits in writing to its inability to pay its debts as they become due, or takes any corporate action in furtherance of any of the foregoing.

Voluntary Bankruptcy or Insolvency. If Borrower commences or any Subsidiary shall commence a voluntary case under any applicable bankruptcy bankruptcy, insolvency or insolvency lawother similar law now or hereafter in effect, consents shall consent to the entry of an order for relief in an involuntary case under any such law, or consents or is subject shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian (or other similar official official) of Borrower a Loan Party or for any substantial part of its property, or makes an shall make a general assignment for the benefit of creditors, or fails generally or admits in writing to its inability to pay its debts as they become due, or takes shall take any corporate action in furtherance of any of the foregoing.