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

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

Appears in 1 contract

Sources: Construction Loan Agreement (Newmark Homes Corp)

Assignment for the Benefit of Creditors. Borrower or Guarantor shall Guarantors make a general an assignment for the benefit of creditors; or.

Appears in 1 contract

Sources: Loan Agreement (Electropharmacology Inc)