Common use of Inability to Pay Debts; Attachment Clause in Contracts

Inability to Pay Debts; Attachment. (i) any Borrower or any Restricted Subsidiary that is a Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty days after its issue or levy; or

Appears in 4 contracts

Samples: Credit Agreement (Enpro Industries, Inc), Credit Agreement (Enpro Industries, Inc), Credit Agreement (Enpro Industries, Inc)

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Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is a Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty 30 days after its issue or levy; or

Appears in 4 contracts

Samples: Credit Agreement (Mohawk Industries Inc), Credit Agreement (Mohawk Industries Inc), Credit Agreement (Mohawk Industries Inc)

Inability to Pay Debts; Attachment. (i) The Company, any other Borrower or any Restricted Subsidiary that is a Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, due or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of the Company or any such Person Subsidiary for any amount in excess of the Threshold Amount and is not released, vacated or fully bonded within thirty 90 days after its issue or levy; or;

Appears in 3 contracts

Samples: Credit Agreement (Pulse Electronics Corp), Credit Agreement (Pulse Electronics Corp), Credit Agreement (Technitrol Inc)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is a Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty 60 days after its issue or levy; or

Appears in 3 contracts

Samples: Credit Agreement (Commercial Metals Co), Credit Agreement (COMMERCIAL METALS Co), Credit Agreement (Commercial Metals Co)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is of its Subsidiaries (other than a Non-Material Subsidiary Subsidiary) becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty (30) days after its issue or levy; or

Appears in 3 contracts

Samples: Credit Agreement (Methode Electronics Inc), Credit Agreement (Methode Electronics Inc), Credit Agreement (Methode Electronics Inc)

Inability to Pay Debts; Attachment. (i) any The Borrower or any Restricted Subsidiary that is a Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty 60 days after its issue or levy; or

Appears in 2 contracts

Samples: Credit Agreement (Mercury Systems Inc), Credit Agreement (Mercury Systems Inc)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is a Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty days after its issue or levy; oror 

Appears in 2 contracts

Samples: Credit Agreement (Wd 40 Co), Credit Agreement (Wd 40 Co)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is a Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any the Company or such Person Material Subsidiary and is not released, vacated or fully bonded within thirty (30) days after its issue or levy; or;

Appears in 2 contracts

Samples: Credit Agreement (Watson Pharmaceuticals Inc), Term Loan Credit Agreement (Watson Pharmaceuticals Inc)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is (other than a Material Specified Insurance Subsidiary or a Designated Escrow Subsidiary) becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty (30) days after its issue or levy; or

Appears in 2 contracts

Samples: Credit Agreement (Asbury Automotive Group Inc), Credit Agreement (Asbury Automotive Group Inc)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is a Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty 30 days after its issue or levy; oror 159

Appears in 1 contract

Samples: Credit Agreement (WEX Inc.)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary, other than an Inactive Subsidiary that is a Material Subsidiary whose obligations are not Guaranteed by the Company or any other Subsidiary, becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty 30 days after its issue or levy; or

Appears in 1 contract

Samples: Credit Agreement (Novellus Systems Inc)

Inability to Pay Debts; Attachment. (i) any The Borrower or any Restricted Subsidiary that is a Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty 30 days after its issue or levy; or

Appears in 1 contract

Samples: Term Loan Agreement (Mohawk Industries Inc)

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Inability to Pay Debts; Attachment. (i) any Borrower Any Obligor or any Restricted Subsidiary that is a Material Subsidiary becomes unable or admits in writing his or its inability or fails generally to pay his or its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person Obligor or any Material Subsidiary and is not released, vacated or fully bonded within thirty 30 days after its issue or levy; or

Appears in 1 contract

Samples: Loan Agreement (Synutra International, Inc.)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is a Material Subsidiary (other than an Excluded Subsidiary) becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty 30 days after its issue or levy; oror 105

Appears in 1 contract

Samples: Credit Agreement (Tetra Tech Inc)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is a Material Subsidiary (other than any Immaterial Subsidiary) becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty 60 days after its issue or levy; or

Appears in 1 contract

Samples: Credit Agreement (PMC Sierra Inc)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is a Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty 60 days after its issue or levy; or

Appears in 1 contract

Samples: Credit Agreement (Smith & Wesson Brands, Inc.)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is a Material Significant Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty (30) days after its issue or levy; or

Appears in 1 contract

Samples: Credit Agreement (Quaker Chemical Corp)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is a Material Subsidiary (other than any Inactive Subsidiary) becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty days after its issue or levy; or

Appears in 1 contract

Samples: Credit Agreement (Omega Protein Corp)

Inability to Pay Debts; Attachment. (i) any Borrower The Company or any Restricted Subsidiary that is a Material ------------------------------------- Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within thirty 30 days after its issue or levy; or

Appears in 1 contract

Samples: Credit Agreement (Carmax Inc)

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