Common use of Involuntary Bankruptcy Clause in Contracts

Involuntary Bankruptcy. An involuntary case or other proceeding shall be commenced against the Borrower or any Subsidiary seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty (60) days; or an order for relief shall be entered against the Borrower or any Subsidiary under the federal bankruptcy laws as now or hereafter in effect; or

Appears in 6 contracts

Samples: Credit Agreement (Avado Brands Inc), Credit Agreement (Apple South Inc), Credit Agreement (Apple South Inc)

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Involuntary Bankruptcy. An involuntary case or other proceeding shall be commenced against the Borrower any Credit Party or any Material Subsidiary seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency insolvency, concurso mercantil or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty (60) consecutive days; or an order for relief shall be entered against the Borrower Parent or any Subsidiary Material Subsidiaries under the federal bankruptcy laws any bankruptcy, insolvency, suspensión de pagos or other similar law as now or hereafter in effect; or

Appears in 3 contracts

Samples: Assignment and Assumption Agreement (Cemex Sab De Cv), Assignment and Assumption Agreement (Cemex Sab De Cv), Assignment and Assumption Agreement (Cemex Sab De Cv)

Involuntary Bankruptcy. An involuntary case or other proceeding shall be commenced against any of the Borrower Borrowers or any Subsidiary of their subsidiaries seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty (60) 60 days; or an order for relief shall be entered against any of the Borrower Borrowers or any Subsidiary of their subsidiaries under the federal bankruptcy laws as now or hereafter in effect; or;

Appears in 2 contracts

Samples: Loan Agreement (National Dentex Corp /Ma/), Loan Agreement (National Dentex Corp /Ma/)

Involuntary Bankruptcy. An involuntary case or other proceeding shall be commenced against the Borrower or any Subsidiary Co- Obligor seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty ninety (6090) days; or an order for relief shall be entered against the Borrower or and any Subsidiary Co-Obligor under the federal bankruptcy laws as now or hereafter in effect; or.

Appears in 1 contract

Samples: Loan Agreement (Sholodge Inc)

Involuntary Bankruptcy. An involuntary case or other proceeding shall be commenced against the Borrower or any Subsidiary seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its propertyProperty, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty (60) days; or an order for relief shall be entered against the Borrower or any Subsidiary under the federal bankruptcy laws as now or hereafter in effect; or

Appears in 1 contract

Samples: Credit Agreement (Apple South Inc)

Involuntary Bankruptcy. An involuntary case or other proceeding shall be commenced against the Borrower or any Subsidiary of its subsidiaries seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty (60) days; or an order for relief shall be entered against the Borrower or any Subsidiary of its subsidiaries under the federal bankruptcy laws as now or hereafter in effect; or;

Appears in 1 contract

Samples: Loan Agreement (National Dentex Corp /Ma/)

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Involuntary Bankruptcy. An involuntary case or other proceeding shall be commenced against the Borrower or any Subsidiary of its subsidiaries seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty (60) 60 days; or an order for relief shall be entered against the Borrower or any Subsidiary of its subsidiaries under the federal bankruptcy laws as now or hereafter in effect; or;

Appears in 1 contract

Samples: Loan Agreement (National Dentex Corp /Ma/)

Involuntary Bankruptcy. An involuntary case or other proceeding shall be commenced against the Borrower or any Restricted Subsidiary seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty (60) 60 consecutive days; or an order for granting any such relief or making any such appointment shall be entered against the Borrower or any Subsidiary under the federal bankruptcy laws as now or hereafter in effect; oreffect and the continuance of such order unstayed and in effect for a period of 30 consecutive days. 11.

Appears in 1 contract

Samples: Credit Agreement (Coors Adolph Co)

Involuntary Bankruptcy. An involuntary case or other proceeding (A) shall be commenced against the Borrower Share Repurchaser or any Material Subsidiary seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of sixty (60) 60 days; or (B) an order for relief shall be entered against the Borrower Share Repurchase or any Material Subsidiary under the federal bankruptcy laws as now or hereafter in effect; or;

Appears in 1 contract

Samples: Issuer Share Repurchase Agreement (Imc Global Inc)

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