Unable to Pay Debts Sample Clauses

Unable to Pay Debts. The admission in writing by Borrower or Guarantor that it is unable to pay its debts as they mature or that it is generally not paying its debts as they mature;
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Unable to Pay Debts. The Borrower is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of or a composition with its creditors.
Unable to Pay Debts the Borrower or any Material Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;
Unable to Pay Debts any Loan Party shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;
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