Assignment for Benefit of Creditors. The Borrower or any of its Subsidiaries shall make an assignment for the benefit of its creditors, or shall admit its insolvency or shall fail to pay its debts generally as such debts become due.
Appears in 3 contracts
Sources: Loan Agreement (Gray Communications Systems Inc /Ga/), Loan Agreement (Entercom Communications Corp), Loan Agreement (Osborn Communications Corp /De/)
Assignment for Benefit of Creditors. The Borrower or Borrower, any of its Subsidiaries ----------------------------------- Subsidiaries, ▇▇▇▇▇▇▇▇▇ Holdings or any other party to a Collateral Document shall make an assignment for the benefit of its creditors, or shall admit its insolvency or shall fail to pay its debts generally as such debts become due.
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Assignment for Benefit of Creditors. The Borrower or any of its Subsidiaries shall make an ----------------------------------- assignment for the benefit of its creditors, or shall admit its insolvency or shall fail to pay its debts generally as such debts become due.
Appears in 1 contract
Assignment for Benefit of Creditors. The Borrower or Borrower, any of its Subsidiaries or Holdco shall make an assignment for the benefit of its creditors, or shall admit its insolvency or shall fail to pay its debts generally as such debts become due.
Appears in 1 contract
Assignment for Benefit of Creditors. The Borrower or any of its Subsidiaries shall make an any assignment for the benefit of its creditors, or shall admit its insolvency or shall fail to pay its debts generally as such debts become due.
Appears in 1 contract
Sources: Loan Agreement (Gray Communications Systems Inc /Ga/)
Assignment for Benefit of Creditors. The Either Borrower or any of its ----------------------------------- their Subsidiaries or Holdco shall make an assignment for the benefit of its creditors, or shall admit its insolvency or shall fail to pay its debts generally as such debts become due.
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