Common use of Inability to Pay Debts Clause in Contracts

Inability to Pay Debts. The Company or any Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or

Appears in 4 contracts

Samples: Credit Agreement (Adobe Inc.), Credit Agreement (Workday, Inc.), Credit Agreement (Workday, Inc.)

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Inability to Pay Debts. The Company Any Borrower or any Material Subsidiary of the Company becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or

Appears in 3 contracts

Samples: Credit Agreement (Stryker Corp), Credit Agreement (Stryker Corp), Credit Agreement (Stryker Corp)

Inability to Pay Debts. The Holdings, the Company or any Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or

Appears in 3 contracts

Samples: Credit Agreement (Celanese Corp), Credit Agreement (Celanese Corp), Credit Agreement (Celanese Corp)

Inability to Pay Debts. The Company or any Material Subsidiary becomes unable or admits shall become unable, admit in writing its inability or fails fail generally to pay its debts as they become due; or

Appears in 3 contracts

Samples: Credit Agreement (Hurco Companies Inc), Credit Agreement (Hurco Companies Inc), Credit Agreement (Pall Corp)

Inability to Pay Debts. The Holdings, the Company or any Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or

Appears in 2 contracts

Samples: Credit Agreement (Celanese Corp), Credit Agreement (Celanese Corp)

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Inability to Pay Debts. The Company or any Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or

Appears in 1 contract

Samples: Bond Purchase and Covenants Agreement (Dayton Power & Light Co)

Inability to Pay Debts. The Company or any Material Restricted Subsidiary becomes unable or admits shall become unable, admit in writing its inability or fails fail generally to pay its debts as they become due; or;

Appears in 1 contract

Samples: Credit Agreement (WHITEWAVE FOODS Co)

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