Common use of Insolvency Proceeding Clause in Contracts

Insolvency Proceeding. The making by Guarantor of any assignment for the benefit of creditors, or a trustee or receiver being appointed for Guarantor or for any property of Guarantor, or Guarantor becoming insolvent or the subject of any Insolvency Proceeding and, in the case of such a proceeding being commenced against Guarantor, such proceeding is not dismissed within thirty (30) days following the commencement date thereof.

Insolvency Proceeding. The making by any --------------------- Guarantor of any assignment for the benefit of creditors, or a trustee or receiver being appointed for any Guarantor or for any property of any Guarantor, or any Guarantor becoming insolvent or the subject of any Insolvency Proceeding and, in the case of such a proceeding being commenced against any Guarantor, such proceeding is not dismissed within thirty forty- five (3045) days following the commencement date thereof.

Insolvency Proceeding. The making by Guarantor of any --------------------- assignment for the benefit of creditors, or a trustee or receiver being appointed for Guarantor or for any property of Guarantor, or Guarantor becoming insolvent or the subject of any Insolvency Proceeding and, in the case of such a proceeding being commenced against Guarantor, such proceeding is not dismissed within thirty forty-five (3045) days following the commencement date thereof.

Insolvency Proceeding. The making by Guarantor of any assignment for ---------------------- the benefit of creditors, or a trustee or receiver being appointed for Guarantor or for any property of Guarantor, or Guarantor becoming insolvent or the subject of any Insolvency Proceeding and, in the case of such a proceeding being commenced against Guarantor, such proceeding is not dismissed within thirty (30) days following the commencement date thereof. 6.