Receiver or Trustee. The Parent, Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors or commence proceedings for its dissolution, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall otherwise be appointed for the Parent or Borrower or for a substantial part of its property or business without its consent and shall not be discharged within sixty (60) days after such appointment.
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Sources: Securities Purchase Agreement, Securities Purchase Agreement (Red White & Bloom Brands Inc.)
Receiver or Trustee. The Parent, Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors or commence proceedings for its dissolution, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall otherwise be appointed for the Parent or Borrower or for a substantial part of its property or business without its consent and shall not be discharged within sixty fifteen (6015) days after such appointment.
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