Common use of Receiver or Trustee Clause in Contracts

Receiver or Trustee. 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 without the consent of the Borrower is not dismissed within sixty (60) days of appointment.

Appears in 24 contracts

Samples: Subscription Agreement (Valcent Products Inc.), Securities Purchase Agreement (Park City Group Inc), Securities Agreement (Park City Group Inc)

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Receiver or Trustee. 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 without the consent of the Borrower and is not dismissed within sixty forty-five (6045) days of appointment.

Appears in 9 contracts

Samples: Dalrada Financial Corp, Dalrada Financial Corp, Dalrada Financial Corp

Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditorscreditors 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 without the consent of for the Borrower is or for a substantial part of its property or business without its consent and shall not dismissed be discharged within sixty (60) days of after such appointment.

Appears in 6 contracts

Samples: Securities Purchase Agreement (Mphase Technologies Inc), Assignment Agreement (Digerati Technologies, Inc.), Assignment Agreement (Digerati Technologies, Inc.)

Receiver or Trustee. 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 without the consent of the Borrower if such receiver or trustee is not dismissed within sixty forty-five (6045) days of appointment.

Appears in 4 contracts

Samples: Convertible Note (BigString CORP), Family Room Entertainment Corp, Ever-Glory International Group, Inc.

Receiver or Trustee. 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 Borrower for a substantial part of its Borrower’s property or business; or such a receiver or trustee shall otherwise be involuntarily appointed without the consent of the Borrower is and not dismissed within sixty (60) days of appointmentforty-five days.

Appears in 4 contracts

Samples: Attitude Drinks Inc., Force Protection Inc, General Components, Inc.

Receiver or Trustee. 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 without the consent of the Borrower is and not be dismissed within sixty (60) days of appointment.

Appears in 4 contracts

Samples: Savoy Resources Corp, Savoy Resources Corp, Savoy Resources Corp

Receiver or Trustee. 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 without the consent of the Borrower and is not dismissed within sixty thirty (6030) days of appointment.

Appears in 3 contracts

Samples: www.sec.gov, Acquisition of Assets (Smart-Tek Solutions Inc), Acquisition of Solvis Medical Group (Smart-Tek Solutions Inc)

Receiver or Trustee. 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 without the consent of the Borrower is not dismissed within sixty forty-five (6045) days of appointment.

Appears in 2 contracts

Samples: Lotus Pharmaceuticals, Inc., Aprecia Inc

Receiver or Trustee. 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 Borrower for a substantial part of its Borrower’s property or business; or such a receiver or trustee shall otherwise be involuntarily appointed without the consent of the Borrower is and not dismissed within sixty forty-five (6045) days of appointmentdays.

Appears in 2 contracts

Samples: Cord Blood America, Inc., Cord Blood America, Inc.

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Receiver or Trustee. The Borrower shall make makes an assignment for the benefit of creditors, or apply applies for or consent consents 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 without the consent of the Borrower which is not dismissed within sixty (60) days of appointment.; or

Appears in 1 contract

Samples: Silvergraph International Inc

Receiver or Trustee. 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 without the consent of the Borrower if such receiver or trustee is not dismissed within sixty forty-five (6045) days of appointment.

Appears in 1 contract

Samples: BigString CORP

Receiver or Trustee. 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 without the consent of the Borrower and is not dismissed within sixty (60) days of appointment.

Appears in 1 contract

Samples: Subscription Agreement (Viryanet LTD)

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 without the consent of the Borrower is appointed, and such appointment shall not have been terminated or dismissed within sixty (60) days of appointment.days;

Appears in 1 contract

Samples: Ceelox Inc.

Receiver or Trustee. 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 without the consent of the Borrower appointed, provided such proceeding is not dismissed revoked within sixty forty-five (6045) days of appointmentdays.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bos Better Online Solutions LTD)

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