Common use of Insolvency of Contractor Clause in Contracts

Insolvency of Contractor. Contractor shall be deemed to be insolvent if it has ceased to pay its debts for at least sixty (60) days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not Contractor is insolvent within the meaning of the Federal Bankruptcy Code;

Insolvency of Contractor. Contractor shall will be deemed to be insolvent if it has ceased to pay its debts for at least sixty (60) days 60 Days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not Contractor is insolvent within the meaning of the Federal Bankruptcy Code;,

Insolvency of Contractor. Contractor shall be deemed to be insolvent if it has ceased to pay its debts for at least sixty (60) 60 days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not Contractor is insolvent within the meaning of the Federal Bankruptcy Code;.

Insolvency of Contractor. Contractor shall be deemed to be insolvent if insolventif it has ceased to pay its debts for at least sixty (60) calendar days in the ordinary course of business or cannot pay its debts as they become due, whether Contractor has committed an act of bankruptcy or not a petition has been filed under the Federal Bankruptcy Code not, and whether or not Contractor is insolvent within the meaning of the Federal federal Bankruptcy CodeLaw or not;

Insolvency of Contractor. Contractor shall will be deemed to be insolvent if it has ceased to pay its debts for at least sixty (60) 60 days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not Contractor is insolvent within the meaning of the Federal Bankruptcy Code;