Common use of Voluntary Petitions Clause in Contracts

Voluntary Petitions. Any Borrower, Guarantor or any of their Subsidiaries files a petition in bankruptcy or reorganization or seeks relief under any provision of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution, or liquidation law of any jurisdiction, in the United States or in any foreign country, whether such law is now in existence or hereafter in effect, or any Borrower, Guarantor or any such Subsidiary is the subject of an order for relief or winding-up petition entered by any bankruptcy court, or any Borrower, Guarantor or any such Subsidiary consents to the filing of any petition against it under any such law in the United States or in any foreign country; or

Appears in 1 contract

Samples: Loan Agreement (Integrated Security Systems Inc)

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Voluntary Petitions. Any Borrower, Guarantor any Subsidiary, or any of their Subsidiaries Guarantor files a petition in bankruptcy or reorganization or seeks relief under any provision of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution, or liquidation law of any jurisdiction, in the United States or in any foreign country, whether such law is now in existence or hereafter in effect, or any Borrower, Guarantor any Subsidiary, or any such Subsidiary Guarantor is the subject of an order for relief or winding-winding up petition entered by any bankruptcy court, or any Borrower, Guarantor any Subsidiary, or any such Subsidiary Guarantor consents to the filing of any petition against it under any such law in the United States or in any foreign country; or

Appears in 1 contract

Samples: Security Agreement (Temtex Industries Inc)

Voluntary Petitions. Any The Borrower, Guarantor any Subsidiary or any of their Subsidiaries Guarantor files a petition in bankruptcy or reorganization or seeks relief under any provision of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution, or liquidation law of any jurisdiction, in the United States or in any foreign country, whether such law is now in existence or hereafter in effect, or any the Borrower, Guarantor any Subsidiary or any such Subsidiary Guarantor is the subject of an order for relief or winding-up petition entered by any bankruptcy court, or any Borrower, Guarantor the Borrower or any such Subsidiary or any Guarantor consents to the filing of any petition against it under any such law in the United States or in any foreign country; or

Appears in 1 contract

Samples: Loan Agreement (Integrated Security Systems Inc)

Voluntary Petitions. Any BorrowerThe Seller, Guarantor any Subsidiary or any of their Subsidiaries Guarantor files a petition in bankruptcy or reorganization or seeks relief under any provision of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution, or liquidation law of any jurisdiction, in the United States or in any foreign country, whether such law is now in existence or hereafter in effect, or the Seller, any Borrower, Guarantor Subsidiary or any such Subsidiary Guarantor is the subject of an order for relief or winding-up petition entered by any bankruptcy court, or any Borrower, Guarantor the Seller or any such Subsidiary or any Guarantor consents to the filing of any petition against it under any such law in the United States or in any foreign country; or

Appears in 1 contract

Samples: Factoring Agreement (Atsi Communications Inc/De)

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Voluntary Petitions. Any Borrower, Guarantor any Subsidiary or any of their Subsidiaries Guarantor files a petition in bankruptcy or reorganization or seeks relief under any provision of any bankruptcy, reorganization, insolvency, readjustment of debt, dissolution, or liquidation law of any jurisdiction, in the United States or in any foreign country, whether such law is now in existence or hereafter in effect, or any Borrower, Guarantor any Subsidiary or any such Subsidiary Guarantor is the subject of an order for relief or winding-winding up petition entered by any bankruptcy court, or any Borrower, Guarantor any Subsidiary or any such Subsidiary Guarantor consents to the filing of any petition against it under any such law in the United States or in any foreign country; or

Appears in 1 contract

Samples: Loan Agreement (Bollinger Industries Inc)

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