Common use of Concealment Clause in Contracts

Concealment. Borrower or any of its Subsidiaries shall have concealed, removed, or permitted to be concealed or removed, any part of its Property, with intent to hinder, delay or defraud its creditors or any of them, or shall have made any transfer of its Property to or for the benefit of a creditor at a time when other creditors similarly situated have not been paid; or

Concealment. Borrower or any of its Material Subsidiaries shall have concealed, removed, or permitted to be concealed or removed, any material part of its Property, with intent to hinder, delay or defraud its creditors or any of them, or shall have made any transfer of any material part of its Property to or for the benefit of a creditor at a time when other creditors similarly situated have not been paid; or