Common use of Proceedings Against Borrower Clause in Contracts

Proceedings Against Borrower. So long as any Senior Indebtedness is outstanding (including any loans, any commitments to lend or open lender guarantees or any lender guarantees, Holder (solely in its capacity as a holder of this Note) shall not commence any bankruptcy, insolvency, reorganization or other similar proceeding against Borrower.

Appears in 4 contracts

Samples: Security Agreement (Outsourcing Solutions Inc), Security Agreement (MBW Foods Inc), Security Agreement (Aurora Foods Inc /Md/)

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Proceedings Against Borrower. So long as any Senior Indebtedness is outstanding (including any loans, any commitments to lend or open lender guarantees lend, any letters of credit or any lender guarantees, Holder (solely in its capacity as a holder of this Note) shall not commence any bankruptcy, insolvency, reorganization or other similar proceeding against Borrower.

Appears in 1 contract

Samples: Credit Agreement (DMW Worldwide Inc)

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Proceedings Against Borrower. So long as any Senior Indebtedness is ---------------------------- outstanding (including any loans, any commitments to lend or open lender guarantees or any lender guarantees, Holder (solely in its capacity as a holder of this Note) shall not commence any bankruptcy, insolvency, reorganization or other similar proceeding against Borrower.

Appears in 1 contract

Samples: Pledge and Security Agreement (Anthony Crane Rental Lp)

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