Common use of Assignment for the Benefit of Creditors Clause in Contracts

Assignment for the Benefit of Creditors. Borrower, or any Subsidiary of Borrower, shall make a general assignment for the benefit of creditors; or

Appears in 3 contracts

Sources: Revolving Loan Agreement, Revolving Loan Agreement (Superior Uniform Group Inc), Revolving Loan Agreement (Superior Uniform Group Inc)

Assignment for the Benefit of Creditors. Borrower, or any Subsidiary of Borrower, Borrower shall make a general assignment for the benefit of creditors; or

Appears in 2 contracts

Sources: Revolving Loan Agreement (Levitt Corp), Loan Agreement (Odyssey Marine Exploration Inc)

Assignment for the Benefit of Creditors. Borrower, Borrower or any Subsidiary of Borrower, Guarantor shall make a general assignment for the benefit of creditors; or

Appears in 1 contract

Sources: Loan Agreement (Goldfield Corp)