Without the application. approval or consent of a Borrower, a receiver, trustee, examiner, liquidator or similar official shall be appointed for a Borrower or any Substantial Portion of its Property, or a proceeding described in Section 7.06(d) shall be instituted against a Borrower, and such --------------- appointment continues undischarged or such proceeding continues undismissed or unstayed for a period of ninety (90) consecutive days.
Appears in 2 contracts
Sources: Credit Agreement (Earthlink Network Inc), Credit Agreement (Sprint Corp)