Files for Bankruptcy

Files for Bankruptcy. Shall mean, with respect to an -------------------- entity, if any of the following events occurs: such entity (a) becomes the subject of any proceedings relating to its liquidation, insolvency or for the appointment of a receiver or similar officer for it, which is not discharged in its favor with prejudice within thirty (30) days thereafter; (b) makes an assignment for the benefit of all or substantially all of its creditors, or enters into an agreement for the... recomposition, extension or readjustment of all or substantially all of its obligations; or (c) files, or has filed against it, a petition or other document seeking relief under the United States or foreign bankruptcy laws, which is not discharged with prejudice within thirty (30) days thereafter. View More