Inability to Pay Debts. Any Security Party is unable to pay or admits its inability to pay its debts as they fall due or a moratorium shall be declared in respect of any Indebtedness of any thereof; or
Appears in 13 contracts
Samples: Agreement (International Shipholding Corp), Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp)
Inability to Pay Debts. Any Security Party is unable to pay or admits its inability to pay its debts as they fall due or a moratorium shall be declared in respect of any Indebtedness material indebtedness of any thereofSecurity Party; or
Appears in 5 contracts
Samples: Senior Secured Bridge Loan Agreement (Dorian LPG Ltd.), Consent and Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (Chiles Offshore LLC)
Inability to Pay Debts. Any any Security Party is unable to pay or admits its inability to pay its debts as they fall due or a moratorium shall be declared in respect of any Indebtedness material indebtedness of any thereofSecurity Party; or
Appears in 5 contracts
Samples: Term Loan Credit Facility Agreement (SEACOR Marine Holdings Inc.), Secured Credit Facility Agreement (Teekay Shipping Corp), Consent and Agreement (Omi Corp/M I)
Inability to Pay Debts. Any Security Party is generally unable to pay or admits its inability to pay its debts as they fall due or a moratorium shall be declared in respect of any Indebtedness of any thereof; or
Appears in 2 contracts
Samples: Credit Facility Agreement (OSG America L.P.), Senior Secured Revolving Credit Facility Agreement (OSG America L.P.)
Inability to Pay Debts. Any Security Party is unable to pay or admits its inability to pay its debts as they fall due or if a moratorium shall be declared in respect of any Indebtedness of any thereof; oror SK 16279 0020 900329 v6
Appears in 1 contract
Inability to Pay Debts. Any any Security Party is unable to pay or admits its inability to pay its debts as they fall due or a moratorium shall be declared in respect of any Indebtedness material indebtedness of any Security Party thereof; or
Appears in 1 contract
Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp)
