Common use of Inability to Pay Clause in Contracts

Inability to Pay. Borrower shall admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;

Appears in 9 contracts

Samples: Revolving Credit Agreement (Crystal River Capital, Inc.), Security Agreement (Research Pharmaceutical Services, Inc.), Revolving Credit Agreement (Crystal River Capital, Inc.)

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Inability to Pay. Borrower or any Subsidiary of Borrower shall admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;

Appears in 1 contract

Samples: Security Agreement (P&f Industries Inc)

Inability to Pay. Any Borrower shall admit in writing its ---------------- inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;

Appears in 1 contract

Samples: Air Methods Corp

Inability to Pay. Any Borrower or XXXX shall admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;

Appears in 1 contract

Samples: Security Agreement (Amrep Corp.)

Inability to Pay. Any Borrower or any Subsidiary of a Borrower shall admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;

Appears in 1 contract

Samples: Security Agreement (Dreams Inc)

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Inability to Pay. Any Borrower shall admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Zanett Inc)

Inability to Pay. Borrower Any Borrower, or any of their respective Subsidiaries shall admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;

Appears in 1 contract

Samples: Security Agreement (Sypris Solutions Inc)

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