Common use of Insolvency; Voluntary Proceedings Clause in Contracts

Insolvency; Voluntary Proceedings. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary (i) generally fails 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; or (iii) commences any Insolvency Proceeding with respect to itself; or

Insolvency; Voluntary Proceedings. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary of any Credit Party: (i) generally fails to pay 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; or (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. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary of any Credit Party: (i) generally fails to pay 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; or (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. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary of any Credit Party: (i) generally fails to pay 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; or (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. Any The Credit Parties and their Subsidiaries on a consolidated basis, cease or fail, to be Solvent, or any Credit Party or any Restricted Subsidiary that is a Material Subsidiary of any Credit Party: (i) generally fails to pay 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; or (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. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary (i) ceases or fails to be Solvent, or generally fails to pay 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 expressly provided in this Agreement, voluntarily ceases to conduct its business in the ordinary course; or (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. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary of its Subsidiaries: (i) generally fails to pay 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; or (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. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary (i) generally fails 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; or (iii) commences any Insolvency Proceeding with respect to itself; or

Insolvency; Voluntary Proceedings. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary Party: (i) generally fails to pay 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; or (iii) commences any Insolvency Proceeding with respect to itself; oror (iv) takes any action to effectuate or authorize any of the foregoing;

Insolvency; Voluntary Proceedings. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary thereof (i) ceases or fails to be Solvent, or generally fails to pay 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; or (iii) commences any Insolvency Proceeding with respect to itself; oror (iv) takes any action to effectuate or authorize any of the foregoing.

Insolvency; Voluntary Proceedings. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary thereof: (i) generally fails to pay 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; or (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. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary Party: (i) generally fails to pay 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 makes an assignment for the ordinary coursebenefit of creditors; or (iii) commences any Insolvency Proceeding with respect to itself; oror (iv) takes any action to effectuate or authorize any of the actions set forth in clause (iii) above; Table of Contents

Insolvency; Voluntary Proceedings. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary of any Credit Party (other than Xxxxxx Medsystems): (i) generally fails to pay 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; or (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. Any The Credit Party or any Restricted Subsidiary that is a Material Subsidiary Parties and their Subsidiaries: (i) generally fails to pay 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; or (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. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary of any Credit Party: (i) generally fails to pay 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 pursuant to a transaction expressly permitted hereunder; or (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. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary of its Subsidiaries: (i) generally fails to pay 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; or (iii) commences any Insolvency Proceeding with respect to itself; or;

Insolvency; Voluntary Proceedings. Any Credit Party or any Restricted Subsidiary that is of a Material Subsidiary Credit Party (i) ceases or fails to be Solvent, or generally fails to pay 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; or (iii) commences any Insolvency Proceeding with respect to itself; or (iii) takes any action to effectuate or authorize any of the foregoing; or

Insolvency; Voluntary Proceedings. Any Credit Party or any Restricted Subsidiary that is or member of a Material Subsidiary Credit Party (i) ceases or fails to be Solvent, or generally fails to pay 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; or (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. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary (i) generally fails to pay 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; or (iii) commences any Insolvency Proceeding with respect to itself, or (iii) takes any action to effectuate or authorize any of the foregoing; or

Insolvency; Voluntary Proceedings. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary of its --------------------------------- Subsidiaries (i) ceases or fails to be solvent, or generally fails to pay 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; or (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. Any Credit Party or any Restricted Significant Subsidiary that is a Material Subsidiary of the Company (i) generally fails to pay pay, or 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; or (iii) commences commence any Insolvency Proceeding with respect to itself; or (iv) take any action to effectuate or authorize any of the foregoing; or

Insolvency; Voluntary Proceedings. Any Credit Party or any Restricted Subsidiary that is a Material Subsidiary Party: (i) generally fails to pay 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 makes an assignment for the ordinary coursebenefit of creditors; or (iii) commences any Insolvency Proceeding with respect to itself; oror (iv) takes any action to effectuate or authorize any of the actions set forth in clause (iii) above;