Insolvency; Voluntary Proceedings Sample Clauses

Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Any Loan Party (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary (i) ceases or fails to be solventSolvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; orprovided that the foregoing shall not apply to the voluntary liquidation, dissolution or winding up of a Subsidiary permitted by Section 6.04.
Insolvency; Voluntary Proceedings. The Company or any of its Material Subsidiary Subsidiaries (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company A Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Borrower or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Loan Party or any Material Subsidiary thereof (i) ceases or fails to be solventSolvent (for purposes of this Section 8.01(f), determined without regard to any intercompany payables), or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as permitted under Section 7.04, voluntarily liquidates, dissolves or ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary (i) ceases or fails to be solventSolvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company A Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party, in either case, with assets in excess of the US Dollars Equivalent of $1,000,000: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Credit Party or any Material Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as expressly permitted pursuant to Section 5.3, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Credit Party or any Material Subsidiary of its Subsidiaries: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as specifically permitted under Section 5.3, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Any Loan Party (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Obligors, or any Material Significant Subsidiary Group (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, pay its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary coursecourse (except, as to Petrolane, upon the dissolution or merger of Petrolane as permitted pursuant to Section 7.9(f)); (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Company, any Guarantor or any Material Restricted Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as expressly permitted under Section 5.3, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company A Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as expressly permitted under Section 5.3, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company A Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course, except in connection with a transaction permitted under Section 5.3; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Any Borrower (i) ceases or fails to be solvent, becomes insolvent or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary courseOrdinary Course of Business; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Credit Party or any Material Significant Subsidiary of the Company, (i) ceases or fails to be solvent, solvent or generally fails to pay, or admits admit in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences commence any Insolvency Proceeding with respect to itself; or (iv) takes take any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Credit Party or any Material Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Loan Party or any of their respective Material Subsidiary Subsidiaries (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any of the Co-Borrowers or any Material Subsidiary of the Co-Borrowers (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct all or substantially all of its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any of the Loan Parties or any Material Subsidiary of the Loan Parties (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct all or substantially all of its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Holdings or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary of the Borrower (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary of the Borrower: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company or any Material Specified Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company Company, any Guarantor or any Material other Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; orforegoing and, in the case of any of the foregoing occurring with respect to an Exempt Subsidiary (other than Maverick-Dimmit Pipeline, Ltd.), a Material Adverse Effect results therefrom;
Insolvency; Voluntary Proceedings. The Company General Partner or any Material Subsidiary Originator (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company A Borrower, individually, ceases or fails, or Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Subsidiary Credit Party or any Subsidiary: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company A Borrower, individually, ceases or fails, or the Credit Parties and their Restricted Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Subsidiary Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Any Credit Party (i) ceases or fails to be solventSolvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; , (ii) voluntarily ceases to conduct its business in the ordinary course; , (iii) shall liquidate, wind up or dissolve, or suffer any liquidation, wind-up or dissolution (except to the extent expressly permitted by Article X), (iv) commences any Insolvency Proceeding with respect to itself; , or (ivv) takes any material and direct action to effectuate or authorize any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company Any Credit Party or any Material Restricted Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Credit Party or any Material Subsidiary of Holdings (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) with respect to any Credit Party, Montpelier Re, BCR or ILS, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) applies for or consents to the appointment of a receiver, trustee, custodian, conservator, liquidator, or other similar Person for itself or for a substantial part of its assets; or (v) takes any corporate action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as otherwise permitted by Section 5.3, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company Any Guarantor or any Material Subsidiary the Borrower (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary courseoperations as a going concern; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company Any Loan Party or any Material Subsidiary (i) ceases or fails to be solventSolvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; , or (iviii) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Borrower (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company Borrower and its Subsidiaries, on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as expressly permitted under Section 5.3, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company Borrower ceases or fails, or the Credit Parties and their Restricted Subsidiaries (other than an Immaterial Subsidiary) on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Restricted Subsidiary (other than an Immaterial Subsidiary) of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as expressly permitted under Section 6.3, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Borrower ceases or fails, or the Credit Parties and their Restricted Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Subsidiary Credit Party (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as permitted by Section 7.02 or Section 7.03, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; orprovided that the foregoing shall not apply to the voluntary liquidation, dissolution or winding up of a Subsidiary permitted by Section 6.04.
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) with respect to any Credit Party (other than Parent), BCR or ILS, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) applies for or consents to the appointment of a receiver, trustee, custodian, conservator, liquidator, or other similar Person for itself or for a substantial part of its assets; or (v) takes any corporate action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as expressly permitted under Section 5.3, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary coursecourse (other than as a direct result of a Disposition of Sleep Assets permitted hereunder); (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Subsidiary: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Subsidiary: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts generally as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company or any Material Restricted Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any corporate action to effectuate or authorize any of the foregoing; or
Appears in 2 contracts Compaq Computer Corp, Compaq Computer Corp,
Insolvency; Voluntary Proceedings. The Company or any Material Significant Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary (i) ceases or fails to be solventSolvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company Company, any other Loan Party or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to paypay its debts, or admits in writing its inability to pay, pay its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Company, the Borrower or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself, except with respect to any Subsidiaries that are not, individually or collectively, a Significant Subsidiary; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Credit Parties and their Subsidiaries, on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as expressly permitted under Section 5.3, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company Parents, the Company, any Subsidiary, or any Material Subsidiary either Pension Fund (i) ceases cease or fails fail to be solvent, or generally fails fail to pay, or admits admit in writing its their inability to pay, its their debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases cease to conduct its their business in the ordinary course; (iii) commences commence any Insolvency Proceeding with respect to itselfthemselves; or (iv) takes take any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company A Borrower or any Material Specified Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts generally as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any organizational action to effectuate authorize, or authorize in furtherance of, any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company A Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Appears in 1 contract Credit Agreement (dELiAs, Inc.),
Insolvency; Voluntary Proceedings. The Company A Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Subsidiary Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company An Applicant, individually, ceases or fails, or the Applicants and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Applicant or any Subsidiary of any Applicant: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Any Borrower (i) ceases or fails to be solvent, or generally fails or is unable to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; , or (iv) takes any action to effectuate or authorize any of the foregoing; orprovided, however, that a voluntary winding up or dissolution of MediaWorld that is permitted by the terms of the Senior Loan Agreement shall not constitute an Event of Default hereunder;
Appears in 1 contract Loan Agreement (Westaff Inc),
Insolvency; Voluntary Proceedings. The Company Any Borrower or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any corporate (or similar) action to effectuate or authorize any of the foregoing; or
Appears in 1 contract Credit Agreement (Idex Corp /De/),
Insolvency; Voluntary Proceedings. The Company Any Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct the operation of all or substantially all of its business in the ordinary coursecourse of business, except as permitted by Sections 5.2 or 5.3; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company Any Borrower, individually, ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Any Company or any Material Subsidiary Guarantor (i) is unable to pay its debts as they fall due, ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary coursecourse (except as permitted under Section 8.7 ); (iii) commences any Insolvency Proceeding with respect to itself; (iv) commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness; or (ivv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Any Credit Party or Significant Subsidiary (other than AMSEC) of the Company or any Material Subsidiary or, after the Reorganization Date, Newco, (i) ceases or fails to be solvent, solvent or generally fails to pay, or admits admit in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences commence any Insolvency Proceeding with respect to itself; or (iv) takes take any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Any Credit Party or Significant Subsidiary of the Company or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits admit in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences commence any Insolvency Proceeding with respect to itself; or (iv) takes take any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Credit Party or any Material Restricted Subsidiary thereof (i) ceases or fails to be solventSolvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company Any Credit Party or any Material Subsidiary of a Credit Party (i) ceases or fails to be solventSolvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Credit Party or any Material Subsidiary or member of a Credit Party (i) ceases or fails to be solventSolvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Guarantor or any Material Subsidiary Borrower (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary courseoperations as a going concern; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Appears in 1 contract Credit Agreement (Brinks Co),
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Any Loan Party (ia) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (iib) voluntarily ceases to conduct its business in the ordinary coursecourse (other than as contemplated by Section 10.13); (iiic) commences any Insolvency Proceeding with respect to itself; or (ivd) takes any action to effectuate or authorize any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Any Loan Party (i) ceases or fails to be solventSolvent, or (ii) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (iiiii) voluntarily ceases to conduct its business in the ordinary coursecourse except as expressly permitted by Section 5.2 or Section 5.3 hereof; (iiiiv) commences any Insolvency Proceeding with respect to itself; or (ivv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Loan Party or any Material Subsidiary BreitBurn GP LLC (i) ceases or fails to be solvent, or generally gen­eral­ly fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any Loan Party or any Material Restricted Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or;
Appears in 1 contract Term Loan Agreement (Venoco, Inc.),
Insolvency; Voluntary Proceedings. The Company Any Loan Party or any Material Subsidiary (ia) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (iib) voluntarily ceases to conduct its business in the ordinary coursecourse (other than as contemplated by Section 10.13); (iiic) commences any Insolvency Proceeding with respect to itself; or (ivd) takes any action to effectuate or authorize any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company Any Loan Party, any Subsidiary thereof or any Material Subsidiary BreitBurn GP LLC (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Any of the Loan Parties or any Material Subsidiary of the Loan Parties (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise, and, in the case of any Unrestricted Subsidiary, such insolvency or failure referred to in this clause (i) shall continue for a period of thirty (30) days; (ii) voluntarily ceases to conduct all or substantially all of its business in the ordinary course, except as otherwise permitted by Section 7.11; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Appears in 1 contract Credit Agreement (Spark Energy, Inc.),
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Borrower (i) ceases or fails to be solventSolvent, or (ii) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (iiiii) voluntarily ceases to conduct its business in the ordinary course; (iiiiv) commences any Insolvency Proceeding with respect to itself; or (ivv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary Guarantor (i) ceases or fails to be solventbecomes insolvent as determined in accordance with Applicable Law, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary coursecourse other than any temporary shut down by such Person of mining facilities in response to a labor dispute for a period of no longer than six (6) months; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary Guarantor (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; , or (iviii) takes any action to effectuate or authorize any of the foregoing; or
Appears in 1 contract Credit Agreement (Stroud Energy Inc),
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary of Borrower (i) ceases or fails to be solventSolvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Canadian Guarantor, individually, or the Canadian Guarantor and its Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or Canadian Guarantor or any Material other Subsidiary of a Credit Party that is not a Debtor: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as expressly permitted under Section 5.3, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or;
Insolvency; Voluntary Proceedings. The Company Either Borrower, or any Material Subsidiary representing five per cent or more of the Consolidated Tangible Net Worth (i) (a “Material Subsidiary”) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Appears in 1 contract Credit Agreement (Zemex Corp),
Insolvency; Voluntary Proceedings. The Company Either Co-Borrower or any Material Subsidiary of a Co-Borrower (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any action to effectuate or authorize any of the foregoing; or
Appears in 1 contract Credit Agreement (Avista Corp),
Insolvency; Voluntary Proceedings. The Company Parent or any Material Subsidiary of its Subsidiaries (excluding Insignificant Subsidiaries) (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; provided, that an Insolvency Proceeding commenced against an Insignificant Subsidiary that would be an Event of Default but for the exclusion set forth above and that could reasonably be expected to result in a Material Adverse Effect shall constitute an Event of Default; or
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Borrower (i) ceases or fails to be solvent, becomes insolvent or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company or any Material Subsidiary Borrower (i) ceases or fails to be solventSolvent, or (ii) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (iiiii) voluntarily ceases to conduct its business in the ordinary course; (iiiiv) commences any Insolvency Proceeding with respect to itself; or (ivv) takes any action to effectuate or authorize any of the foregoing; or;
Appears in 1 contract Credit Agreement (Amerco /Nv/),
Insolvency; Voluntary Proceedings. The Company Borrower (individually) ceases or fails, or the Credit Parties and their Subsidiaries (on a consolidated basis) cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary of any Credit Party: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) except as expressly permitted under Section 5.3, voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Appears in 1 contract Credit Agreement (FTE Networks, Inc.),
Insolvency; Voluntary Proceedings. The Company Borrower ceases or fails, or the Credit Parties and the Borrower’s Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Material Credit Party or any Subsidiary thereof: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or
Insolvency; Voluntary Proceedings. The Company Borrower ceases or fails, or the Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Credit Party or any Material Subsidiary Subsidiary: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any corporate, limited liability company or limited partnership action to effectuate or authorize any of the foregoing; or;
Appears in 1 contract Credit Agreement (Unisys Corp),
Insolvency; Voluntary Proceedings. The Company Borrower ceases or fails, or the Loan Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Loan Party or any Material Subsidiary Subsidiary: (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iviii) takes any corporate, limited liability company or limited partnership action to effectuate or authorize any of the foregoing; or;
Appears in 1 contract Credit Agreement (Unisys Corp),
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary (i) ceases or fails to be solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences applies for or consents to any Insolvency Proceeding with respect to itselfProceeding; or (iv) takes any action to effectuate or authorize any of the foregoing; orprovided that the foregoing shall not apply to the voluntary liquidation, dissolution or winding up of a Subsidiary permitted by Section 6.04.
Appears in 1 contract Credit Agreement (Pactiv Corp),
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary (i) ceases or fails to be solventSolvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or.
Insolvency; Voluntary Proceedings. The Company Borrower or any Material Subsidiary (i) ceases or fails to be solventSolvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iv) takes any action to effectuate or authorize any of the foregoing; or