Common use of Inability to Pay Debts Clause in Contracts

Inability to Pay Debts. Borrower admits in writing its inability or fails generally to pay its debts as they become due.

Appears in 11 contracts

Samples: Subordination Agreement, Loan Agreement, Loan Agreement

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Inability to Pay Debts. The Borrower becomes unable or admits in writing its inability or fails generally to pay its debts as they become due.; or

Appears in 4 contracts

Samples: Credit Agreement (Citrix Systems Inc), Term Loan Credit Agreement (Citrix Systems Inc), Credit Agreement (Citrix Systems Inc)

Inability to Pay Debts. Borrower admits shall admit in writing its inability or fails generally to pay its debts as they such debts become due.; or

Appears in 2 contracts

Samples: Loan and Security Agreement (NexPoint Real Estate Finance, Inc.), Loan and Security Agreement (NexPoint Real Estate Finance, Inc.)

Inability to Pay Debts. Either Borrower becomes unable, admits in writing its inability or fails generally to pay its debts as they become duedue or otherwise becomes insolvent.

Appears in 2 contracts

Samples: Loan Agreement (Adecoagro S.A.), Original Loan Agreement (Adecoagro S.A.)

Inability to Pay Debts. A Borrower admits in writing its inability or fails generally to pay its debts as they those debts become due.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

Inability to Pay Debts. Either Borrower admits shall admit in writing its inability or fails generally to pay its debts as they such debts become due.; or

Appears in 2 contracts

Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc), Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)

Inability to Pay Debts. The Borrower admits shall admit in writing its inability or fails generally to pay its debts as they such debts become due.; or

Appears in 2 contracts

Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc), Master Loan and Security Agreement (Chastain Capital Corp)

Inability to Pay Debts. Any Borrower admits shall become unable, admit in writing its inability or fails fail generally to pay its debts as they become due.

Appears in 1 contract

Samples: Credit Agreement (J&j Snack Foods Corp)

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Inability to Pay Debts. The Borrower becomes unable or admits in writing its inability or fails generally to pay its debts as they become due.; or (viii)

Appears in 1 contract

Samples: Market Line Credit Agreement (Jones Lang Lasalle Inc)

Inability to Pay Debts. The Borrower becomes unable, admits in writing its inability or fails generally to pay its debts as they become duedue or otherwise becomes insolvent.

Appears in 1 contract

Samples: Agreement

Inability to Pay Debts. Either Borrower becomes unable or admits in writing its inability or fails generally to pay its debts as they become due.; or

Appears in 1 contract

Samples: Uncommitted Money Market Line Credit Agreement (Jackson Financial Inc.)

Inability to Pay Debts. Borrower admits in writing of its inability or fails generally to pay its debts as they become due.

Appears in 1 contract

Samples: Loan Agreement

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