Common use of Assignment for Benefit of Creditors Clause in Contracts

Assignment for Benefit of Creditors. If Borrower makes or proposes in writing, an assignment for the benefit of creditors generally, offers a composition or extension to creditors, or makes or sends notice of an intended bulk sale of any business or assets now or hereafter owned or conducted by Borrower; or

Appears in 4 contracts

Sources: Loan Agreement, Loan Agreement, Loan Agreement (Rti Surgical, Inc.)