Common use of The Company shall Clause in Contracts

The Company shall. (a) admit in writing its inability to pay its debts generally as they become due, (b) file a petition for relief under any chapter of Title 11 of the United States Code or a petition to take advantage of any insolvency under the laws of the United States of America or any state thereof, (c) make an assignment for the benefit of its creditors, (d) consent to the appointment of a receiver of itself or of the whole or any substantial part of its property, (e) suffer the entry of an order for relief under any chapter of Title 11 of the United Sates Code, or (f) file a petition or answer seeking reorganization under the Federal Bankruptcy Laws or any other applicable law or statute of the United States of America or any state thereof.