Common use of Assignments for Benefit of Creditors, Etc Clause in Contracts

Assignments for Benefit of Creditors, Etc. If any Loan Party makes an assignment for the benefit of creditors, or admits in writing its inability to pay its debts generally as they become due, or consents to the appointment of a receiver, trustee or liquidator of itself or of all or any part of its properties.

Assignments for Benefit of Creditors, Etc. If any Loan Party Any party makes an assignment for the benefit of such party's creditors, or admits in writing its any party's inability to pay its such party's debts generally as they become due, or consents to the appointment of a receiver, trustee trustee, or liquidator of itself for such party or of for all or any part of its properties.such party's Property; or