Common use of Payment Over of Proceeds Upon Dissolution Clause in Contracts

Payment Over of Proceeds Upon Dissolution. In the event of (a) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, relating to the Company or to its assets, or (b) any liquidation, dissolution or other winding-up of the Company, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy, or (c) any assignment for the benefit of creditors or any other marshaling of assets or liabilities of the Company, then and in any such event:

Payment Over of Proceeds Upon Dissolution. etc. In the event of (a) any insolvency or bankruptcy case or --- proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, relating to the Company or to its assets, or (b) any liquidation, dissolution or other winding-up of the Company, whether voluntary or involuntary and whether or not involving insolvency or bankruptcyinvoluntary, or (c) any assignment for the benefit of creditors or any other marshaling marshalling of assets or liabilities of the Company, then and in any such event:

Payment Over of Proceeds Upon Dissolution. In the event of (ai) any insolvency or bankruptcy case or proceeding, or any receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, relating relative to the Company Debtor or to its assets, or (bii) any liquidation, dissolution or other winding-winding up of the CompanyDebtor, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy, bankruptcy or (ciii) any assignment for the benefit of creditors or any other marshaling marshalling of assets or and liabilities of the CompanyDebtor, then and in any such event: