Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 118 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement, Loan Modification Agreement
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 68 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Airgain Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 45 contracts
Samples: Loan and Security Agreement (Homology Medicines, Inc.), Loan and Security Agreement (Lantronix Inc), Mezzanine Loan and Security Agreement (Lantronix Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 34 contracts
Samples: Loan and Security Agreement (Velo3D, Inc.), Mezzanine Loan and Security Agreement (Velo3D, Inc.), Loan and Security Agreement (DiCE MOLECULES HOLDINGS, LLC)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 30 contracts
Samples: Loan and Security Agreement (AtriCure, Inc.), Loan and Security Agreement (Lipocine Inc.), Loan and Security Agreement (OncoCyte Corp)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 28 contracts
Samples: Loan and Security Agreement (Radisys Corp), Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Lantronix Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 24 contracts
Samples: Loan and Security Agreement (Tintri, Inc.), Loan and Security Agreement (Tintri, Inc.), Loan and Security Agreement (Tintri, Inc.)
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 22 contracts
Samples: Loan and Security Agreement (Genzyme Transgenics Corp), Loan and Security Agreement (Art Technology Group Inc), Loan Modification Agreement (Viacell Inc)
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 15 contracts
Samples: Loan and Security Agreement (Exa Corp), Loan and Security Agreement (Axesstel Inc), Silicon Valley Bank Loan and Security Agreement (M Wave Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 14 contracts
Samples: First Loan Modification Agreement (Cyoptics Inc), Loan and Security Agreement (Cyoptics Inc), Loan and Security Agreement (GigOptix, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 13 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Peregrine Pharmaceuticals Inc), Loan and Security Agreement (Audience Inc)
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) 30 days (but no Credit Extensions shall will be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 11 contracts
Samples: Loan and Security Agreement (Hearme), Loan and Security Agreement (Click2learn Com Inc), Loan and Security Agreement (Preview Systems Inc)
Insolvency. (a) Any Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) any Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against any Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 8 contracts
Samples: Loan and Security Agreement (Overland Storage Inc), Loan and Security Agreement (Channeladvisor Corp), Loan and Security Agreement (Channeladvisor Corp)
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 7 contracts
Samples: Loan and Security Agreement (Infinera Corp), Loan and Security Agreement (Aprimo, INC), Loan and Security Agreement (Skillsoft Public Limited Co)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 6 contracts
Samples: Loan Modification Agreement (Cyoptics Inc), First Loan Modification Agreement (Cyoptics Inc), Loan and Security Agreement (Active Power Inc)
Insolvency. (a) A Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) a Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against a Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 6 contracts
Samples: Loan and Security Agreement (GOOD TECHNOLOGY Corp), Loan and Security Agreement (GOOD TECHNOLOGY Corp), Loan and Security Agreement (GOOD TECHNOLOGY Corp)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventdue; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 5 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Axsome Therapeutics, Inc.), Loan and Security Agreement (Axsome Therapeutics, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);.
Appears in 5 contracts
Samples: Loan and Security Agreement (LTX Corp), Credit Reimbursement Agreement (Finisar Corp), Loan and Security Agreement (Physiometrix Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 5 contracts
Samples: Loan and Security Agreement (Arcadia Biosciences, Inc.), Loan and Security Agreement (Sajan Inc), Loan and Security Agreement (Sajan Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventinsolvent (determined with reference to Section 5.5 hereof); (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Omeros Corp), Loan and Security Agreement (Omeros Corp)
Insolvency. (a) Borrower is unable fails to pay its debts (including trade debts) be solvent as they become due or otherwise becomes insolventdescribed under Section 5.6 hereof; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 4 contracts
Samples: Loan and Security Agreement (AltheaDx, Inc.), Loan and Security Agreement (AltheaDx, Inc.), Loan and Security Agreement (AltheaDx, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; insolvent (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed)days;
Appears in 4 contracts
Samples: Mezzanine Loan and Security Agreement (Xactly Corp), Loan and Security Agreement (Angie's List, Inc.), Loan and Security Agreement (Titan Pharmaceuticals Inc)
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventmature; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);.
Appears in 4 contracts
Samples: Loan and Security Agreement (Cadence Pharmaceuticals Inc), Loan and Security Agreement (TorreyPines Therapeutics, Inc.), Loan and Security Agreement (3PAR Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);.
Appears in 4 contracts
Samples: Loan and Security Agreement (ExactTarget, Inc.), Term Loan and Security Agreement (Cavium Networks), Loan and Security Agreement (ClearStory Systems, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (30) days 45)days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);.
Appears in 4 contracts
Samples: Loan Modification Agreement (A123 Systems, Inc.), Term Loan and Security Agreement (A123 Systems Inc), Loan Modification Agreement (A123 Systems, Inc.)
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) Borrower begins an ---------- Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) 30 days (but no Credit Extensions shall will be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 4 contracts
Samples: Loan and Security Agreement (Lantronix Inc), Loan and Security Agreement (Aml Communications Inc), Loan and Security Agreement (Clarus Corp)
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 4 contracts
Samples: Loan and Security Agreement (NMS Communications Corp), Loan and Security Agreement (Alnylam Pharmaceuticals Inc), Loan and Security Agreement (Open Solutions Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventbreaches the representation and warranty set forth in Section 5.5 hereof; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 4 contracts
Samples: Loan and Security Agreement (Nupathe Inc.), Loan and Security Agreement (Nupathe Inc.), Loan and Security Agreement (Nupathe Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins commences an Insolvency ProceedingProceeding in respect of Borrower as debtor or debtor-in-possession; or (c) an Insolvency Proceeding is begun commenced against Borrower as debtor or debtor-in-possession and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Zhone Technologies Inc), Loan and Security Agreement (Zhone Technologies Inc)
Insolvency. (a) Either Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) either Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against either Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement (Relm Wireless Corp), Loan and Security Agreement (BigBand Networks, Inc.), Loan and Security Agreement (GlobalOptions Group, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement (Ignyta, Inc.), Loan and Security Agreement (Ignyta, Inc.), Loan and Security Agreement (Anacor Pharmaceuticals Inc)
Insolvency. (a) Borrower is unable fails to pay its debts (including trade debts) be solvent as they become due or otherwise becomes insolventdescribed under Section 5.6 hereof; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (RingCentral Inc), Loan and Security Agreement (RingCentral Inc)
Insolvency. (a) Any Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) any Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against any Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement (U S Wireless Data Inc), Loan and Security Agreement (Sunrise Telecom Inc), Loan and Security Agreement (Healthaxis Inc)
Insolvency. (a) a Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) a Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against a Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement (Alphatec Holdings, Inc.), Loan and Security Agreement (Alphatec Holdings, Inc.), Loan and Security Agreement (Alphatec Holdings, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement (Forescout Technologies, Inc), Loan and Security Agreement (Forescout Technologies, Inc), Loan Agreement (Net Element International, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement (ChemoCentryx, Inc.), Loan and Security Agreement (Glu Mobile Inc), Loan and Security Agreement (Glu Mobile Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventdue; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun began against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Splunk Inc), Loan and Security Agreement (Splunk Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventdue; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement (Array Biopharma Inc), Loan and Security Agreement (Array Biopharma Inc), Loan and Security Agreement (Marin Software Inc)
Insolvency. (a) Any Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventdue; (b) any Borrower voluntarily begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against such Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement (Ultra Clean Holdings Inc), Loan and Security Agreement (Ultra Clean Holdings Inc), Loan and Security Agreement (Ultra Clean Holdings Inc)
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 3 contracts
Samples: Loan and Security Agreement (Telular Corp), Loan and Security Agreement (A123 Systems Inc), Loan and Security Agreement (Infinera Corp)
Insolvency. (a) A Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) A Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against a Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (TrueCar, Inc.), Loan and Security Agreement (TrueCar, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty five (3045) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Anacor Pharmaceuticals, Inc.), Loan and Security Agreement (Alimera Sciences Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Enphase Energy, Inc.), Loan and Security Agreement (Enphase Energy, Inc.)
Insolvency. (a) Borrower is unable Borrower, taken as a whole, ceases to pay its debts (including trade debts) be solvent as they become due or otherwise becomes insolventdescribed under Section 5.6 hereof; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement (Avalara Inc)
Insolvency. (a) Borrower is and its Subsidiaries, taken as a whole, are unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Aspen Aerogels Inc), Loan and Security Agreement (Aspen Aerogels Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Twilio Inc), Loan and Security Agreement (Twilio Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventdue; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Yodlee Inc), Loan and Security Agreement (Yodlee Inc)
Insolvency. (a) Borrower or Guarantor is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or Guarantor begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or Guarantor and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan Agreement (Aquinox Pharmaceuticals, Inc), Loan Agreement (Aquinox Pharmaceuticals (Usa) Inc)
Insolvency. If (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventmature; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);.
Appears in 2 contracts
Samples: Loan and Security Agreement (Ikanos Communications), Loan and Security Agreement (Ikanos Communications)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Intellon Corp), Loan and Security Agreement (Intellon Corp)
Insolvency. (a) any Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) any Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against any Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Aviat Networks, Inc.), Loan and Security Agreement (Aviat Networks, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);” and inserting in lieu thereof the following:
Appears in 2 contracts
Samples: Subordinated Loan and Security Agreement (Mavenir Systems Inc), Senior Loan and Security Agreement (Mavenir Systems Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Alpha Healthcare Acquisition Corp.), Loan and Security Agreement (Procore Technologies, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; , (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Cardiac Science CORP), Loan and Security Agreement (Cardiac Science CORP)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);.
Appears in 2 contracts
Samples: Loan and Security Agreement (Adaptive Insights Inc), Loan and Security Agreement (Adaptive Insights Inc)
Insolvency. (ai) Any Borrower is shall be generally unable to pay its debts (including trade debts) as they such debts become due or otherwise becomes insolventdue; (bii) any Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against any Borrower and not dismissed or stayed within thirty (30) 45 days (but no Credit Extensions shall will be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement by And (Kanbay International Inc), Loan and Security Agreement by And (Kanbay International Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed)days;
Appears in 2 contracts
Samples: Loan and Security Agreement (Interpace Biosciences, Inc.), Loan and Security Agreement (AxoGen, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) 30 days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Adept Technology Inc), Loan and Security Agreement (Adept Technology Inc)
Insolvency. (a) Borrower is unable fails to pay its debts (including trade debts) be solvent as they become due or otherwise becomes insolventdescribed under Section 5.6 hereof; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Intersect ENT, Inc.), Loan Agreement (Harmonic Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (MAP Pharmaceuticals, Inc.), Loan and Security Agreement (Ibasis Inc)
Insolvency. (a) Borrower is unable fails to pay its debts (including trade debts) be solvent as they become due or otherwise becomes insolventdescribed under Section 5.5 hereof; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (TerraVia Holdings, Inc.), Loan and Security Agreement (TerraVia Holdings, Inc.)
Insolvency. (a) Borrower is unable shall fail to pay its debts (including trade debts) as they become due or otherwise becomes insolventdue; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Tubemogul Inc), Loan and Security Agreement (Tubemogul Inc)
Insolvency. (a) A Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) a Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against a Borrower and not dismissed or stayed within thirty (30) 45 days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Sciclone Pharmaceuticals Inc), Loan and Security Agreement (Sciclone Pharmaceuticals Inc)
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventmature; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);.
Appears in 2 contracts
Samples: Loan and Security Agreement (Hansen Medical Inc), Loan and Security Agreement (Acclarent Inc)
Insolvency. (ai) Borrower Debtor is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) Borrower Debtor begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower Debtor and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Security Agreement (Reval Holdings Inc), Security Agreement (GlobalOptions Group, Inc.)
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Axs One Inc), Loan and Security Agreement (Lynx Therapeutics Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins initiates an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun initiated against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Us Dataworks Inc), Loan and Security Agreement (Us Dataworks Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventdue; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Luca Technologies Inc), Loan and Security Agreement (Luca Technologies Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty five (3045) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Spire Corp), Loan and Security Agreement (Spire Corp)
Insolvency. (ai) Either Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) either Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against either Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Global Telecom & Technology, Inc.), Silicon Valley Bank Loan and Security Agreement (Global Telecom & Technology, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventinsolvent or Borrower fails to be solvent as described under Section 5.5 hereof; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Chimerix Inc), Loan and Security Agreement (Chimerix Inc)
Insolvency. (a) Borrower is and its Subsidiaries, taken as a whole, are unable to pay its their debts generally (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 2 contracts
Samples: Loan and Security Agreement (Aerohive Networks, Inc), Loan and Security Agreement (Aerohive Networks, Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);days.
Appears in 1 contract
Samples: Joinder Agreement (Yodle Inc)
Insolvency. If (a) any Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventmature; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against any Borrower and not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);.
Appears in 1 contract
Insolvency. (a) a Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) a Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against a Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Samples: Loan and Security Agreement (Internet Brands, Inc.)
Insolvency. (a) A Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventnot Solvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 1 contract
Samples: Loan and Security Agreement (Peerless Systems Corp)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (ad) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) Borrower begins an Insolvency insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);.
Appears in 1 contract
Insolvency. (ai) Any Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (bii) any Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against any Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 1 contract
Samples: Loan and Security Agreement (Global Telecom & Technology, Inc.)
Insolvency. (a) Any Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b25) any Borrower begins an Insolvency Proceeding; or (c26) an Insolvency Proceeding is begun against any Borrower and not dismissed or stayed within thirty forty five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Samples: Loan and Security Agreement (EnergyConnect Group Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventdue; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);.
Appears in 1 contract
Samples: Loan and Security Agreement (Inspire Pharmaceuticals Inc)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and is not dismissed or stayed within thirty (30) 45 days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. (a) Borrower Debtor is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower Debtor begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower Debtor and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);.
Appears in 1 contract
Samples: Security Agreement (Netlist Inc)
Insolvency. (a) A Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) A Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against a Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. (ai) Borrower is becomes unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventmature; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. If (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventmature; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);. EXECUTION COPY
Appears in 1 contract
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventdue; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. (a36) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b37) Borrower begins an Insolvency Proceeding; or (c38) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions Advances shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. (ai) Borrower is unable not able to pay its debts (including trade debts) as they become due or otherwise becomes insolventmature; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) 30 days (but no Credit Extensions shall will be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. If (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventmature; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);.
Appears in 1 contract
Insolvency. (ai) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventmature; (bii) Borrower begins an Insolvency Proceeding; or (ciii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until before any Insolvency Proceeding is dismissed);.
Appears in 1 contract
Samples: Loan and Security Agreement (SGX Pharmaceuticals, Inc.)
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventdue; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower Xxxxxxxx and is not dismissed or stayed within thirty ninety (3090) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);; 8.6
Appears in 1 contract
Samples: Execution Version Loan and Security Agreement (Lightning eMotors, Inc.)
Insolvency. (a) Borrower or any Guarantor is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventdue; (b) Borrower or any Guarantor begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun commenced against Borrower or any Guarantor and is not dismissed or stayed within thirty (30) 45 days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any such Insolvency Proceeding is dismissed);
Appears in 1 contract
Samples: Loan and Security Agreement (New Age Beverages Corp)
Insolvency. (a) Borrower is unable fails to pay its debts (including trade debts) be solvent as they become due or otherwise becomes insolventdescribed in Section 5.5 hereof; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. (a) Borrower Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);
Appears in 1 contract
Insolvency. (a) Borrower is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);days.
Appears in 1 contract
Samples: Loan and Security Agreement (Ecoark Holdings, Inc.)
