Best Buy 2003 Annual Report Download - page 77
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any jurisdiction; or
5.5. there is instituted by or against the Borrower any formal or informal proceeding
for the dissolution or liquidation or winding−up of the affairs of, the Borrower, which
proceeding is consented to or acquiesced in by the Borrower or shall not have been
dismissed within 30 days; or
5.6. the Borrower ceases to carry on business or makes or agrees to make a bulk sale
of assets or commits an act of bankruptcy; or
5.7. a receiver, receiver and manager, receiver−manager or any person with like
powers of all or a substantial part of the Property is appointed; or
8
5.8. a distress or analogous process is levied upon all or substantially all of the
Property or any part thereof and the same shall not have been vacated or stayed within
30 days after the issuance thereof; or
5.9. an order is made or an effective resolution is passed for winding−up the
Borrower; or
5.10. the Borrower enters into any reconstruction, reorganization, amalgamation,
merger or other similar arrangement with any other person; or
5.11. if in the opinion of the Bank, acting reasonably, there is a Change of Control; or
5.12. any certificate, statement, representation, warranty or audit report herewith,
heretofore or hereafter furnished by or on behalf of the Borrower to the Bank, whether
in connection with the Offer Letter, the Loan Documents or otherwise, and whether
furnished as an inducement to the Bank to extend any credit to or to enter into the
Offer Letter, the Loan Documents or otherwise:
5.12.1 proves to have been false in any material respect at the time as of which the facts therein set
forth were stated or certified; or