Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, 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;
Appears in 3 contracts
Sources: Securities Purchase Agreement (Immunogen Inc), Note Consolidation Agreement (NCT Group Inc), Convertible Note Purchase Agreement (NCT Group Inc)
Receiver or Trustee. The Borrower or any subsidiary of the Borrower Subsidiary shall make an assignment for the benefit of creditors, 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;.
Appears in 2 contracts
Sources: Senior Secured Convertible Debenture (Perfisans Holdings Inc), Secured Convertible Term Note (Perfisans Holdings Inc)
Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, 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;appointed .
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