Common use of Inability to Pay Debts; Attachment Clause in Contracts

Inability to Pay Debts; Attachment. (i) Any Covenant Entity or any Loan Party becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of the Covenant Entities, taken as a whole, and is not released, vacated or fully bonded within 60 days after its issue or levy; or

Inability to Pay Debts; Attachment. (i) Any Covenant Entity or any Loan Party becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of the Covenant Consolidated Group Entities, taken as a whole, and is not released, vacated or fully bonded within 60 days after its issue or levy; or

Inability to Pay Debts; Attachment. (i) Any Covenant Entity or any Loan Party becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of the Covenant Entities, taken as a whole, and is not released, vacated or fully bonded within 60 days after its issue or levy; oror 144

Inability to Pay Debts; Attachment. (i) Any Covenant Entity or any Loan Party becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied 153 against all or any material part of the property of the Covenant Entities, taken as a whole, and is not released, vacated or fully bonded within 60 days after its issue or levy; or