Common use of Inability to Pay Debts Clause in Contracts

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

Appears in 5 contracts

Samples: Term Loan Agreement (Resource Real Estate Opportunity REIT II, Inc.), Term Loan Agreement (Acadia Realty Trust), Term Loan Agreement (Rexford Industrial Realty, Inc.)

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Inability to Pay Debts. Any Borrower or any Guarantor becomes unable or admits in writing its inability or fails generally to pay its debts as they become duedue (other than principal of the Loan due at maturity).

Appears in 3 contracts

Samples: Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Real Estate Investment Trust III, Inc.)

Inability to Pay Debts. Any Borrower or any the Guarantor becomes unable or admits in writing its inability or fails generally to pay its debts as they become due.

Appears in 3 contracts

Samples: Term Loan Agreement (Sun Communities Inc), Term Loan Agreement (Sun Communities Inc), Term Loan Agreement (Sun Communities Inc)

Inability to Pay Debts. Borrower or any Guarantor becomes unable or admits in writing its inability or fails generally to pay its debts as they become duedue (other than principal of the Loan due at maturity).

Appears in 2 contracts

Samples: Term Loan Agreement (KBS Real Estate Investment Trust III, Inc.), Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (4Front Ventures Corp.), Loan and Security Agreement

Inability to Pay Debts. Borrower Borrower, Guarantor or any Guarantor Permitted Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due.

Appears in 2 contracts

Samples: Credit Agreement (Extra Space Storage Inc.), Credit Agreement (Extra Space Storage Inc.)

Inability to Pay Debts. Any Borrower or any Guarantor becomes unable or admits in writing its inability or fails generally to pay its debts as they become due.. Section 6.18

Appears in 1 contract

Samples: Construction Loan Agreement (4Front Ventures Corp.)

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

Appears in 1 contract

Samples: Term Loan Agreement (Sun Communities Inc)

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

Appears in 1 contract

Samples: Finance Agreement (First Solar, Inc.)

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

Appears in 1 contract

Samples: Term Loan Agreement (Inland Diversified Real Estate Trust, Inc.)

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Inability to Pay Debts. Borrower or any Guarantor becomes unable or admits in writing in any insolvency proceeding its inability or fails generally to pay its debts as they become due.

Appears in 1 contract

Samples: Term Loan Agreement (Inland Real Estate Income Trust, Inc.)

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

Appears in 1 contract

Samples: Term Loan Agreement (Inland Diversified Real Estate Trust, Inc.)

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

Appears in 1 contract

Samples: Letter of Credit Agreement (Bebe Stores, Inc.)

Inability to Pay Debts. Borrower, any general partner of Borrower or any Guarantor becomes unable or admits in writing its inability or fails generally to pay its debts as they become due.

Appears in 1 contract

Samples: Loan Agreement (Resource Real Estate Opportunity REIT, Inc.)

Inability to Pay Debts. Borrower or any Guarantor (a) becomes unable or fails to pay its debts generally as they become due, (b) admits in writing its inability or fails generally to pay its debts as they become due.debts, or (c) proposes or makes a composition agreement with creditors, a general assignment for the benefit of creditors, or a bulk sale;

Appears in 1 contract

Samples: Loan and Security Agreement (NQL Inc)

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