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This excerpt taken from the DTV 8-K filed Apr 28, 2005. Bankrupt”
upon, (i) the entry of a decree or order for relief of the Class A Member
by a court of competent jurisdiction in any involuntary case involving the
Class A Member under any bankruptcy, insolvency, or other similar law now or
hereafter in effect; (ii) the appointment of a receiver, liquidator,
assignee, custodian, trustee, sequestrator, or other similar agent for the
Class A Member or for any substantial part of the Class A Member’s assets or
property; (iii) the ordering of the winding up or liquidation of the Class
A Member’s affairs; (iv) the filing with respect to the Class A Member of
a petition in any such involuntary bankruptcy case, which petition remains
undismissed for a period of 90 days or which is dismissed or suspended
pursuant to Section 305 of the Federal Bankruptcy Code (or any
corresponding provision of any future United States bankruptcy law);
(v) the commencement by the Class A Member of a voluntary case under any
bankruptcy, insolvency, or other
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similar law now or hereafter in effect; (vi) the consent by the Class A Member to the entry of an order for relief in an involuntary case under any such law or to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator, or other similar agent for the Class A Member or for any substantial part of the Class A Member’s assets or property; (vii) the making by the Class A Member of any general assignment for the benefit of creditors; or (viii) the failure by the Class A Member generally to pay its debts as such debts become due. |
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