Common use of Insolvency Clause in Contracts

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five forty‑five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions Term Loans shall be made extended while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions Term Loan shall be made extended while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of or, Borrower and its Subsidiaries on a consolidated basis, is or 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes Insolventinsolvent; (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 forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed)days;

Insolvency. (a) Borrower or any of (when taken on a consolidated basis with its Subsidiaries Subsidiaries) is or 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 not dismissed or stayed within forty-five forty‑five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower becomes Insolvent or any of Borrower and its Subsidiaries is or becomes (taken as a whole) become 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 not dismissed or stayed within forty-forty five (45) days (but no Credit Extensions Term Loan shall be made extended while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of and its Subsidiaries is or becomes Subsidiaries, taken as a whole, are Insolvent; (b) Borrower or any of its Subsidiaries Subsidiary begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries Subsidiary and not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while Borrower any of the conditions described in clauses (b) or any Subsidiary is Insolvent (c) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or becomes Insolventfail to be solvent as described under Section 5.6; (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 forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower becomes Insolvent, or any of Borrower and its Subsidiaries is or becomes Subsidiaries, taken as a whole, become 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or becomes becomes, or Borrower and its Subsidiaries, taken as a whole, are or become, 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. If (a) Borrower or any of its Subsidiaries is becomes insolvent, or becomes Insolvent; (b) an Insolvency Proceeding is commenced by Borrower or any of its Subsidiaries begins an Insolvency Proceeding; Subsidiaries, or (c) an Insolvency Proceeding is begun commenced against Borrower or any of its Subsidiaries and is not dismissed or stayed within forty-five sixty (4560) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed)thereafter;

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five forty‑five (45) days (but no Credit Extensions Term Loans shall be made extended while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) If Borrower or and/or any of its Subsidiaries is becomes insolvent, or becomes Insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) if an Insolvency Proceeding is begun commenced by Borrower and/or any of its Subsidiaries, or if an Insolvency Proceeding is commenced against Borrower or and/or any of its Subsidiaries and is not dismissed or stayed within forty-five thirty (4530) days (but provided that no Credit Extensions shall will be made while Borrower or any Subsidiary is Insolvent and/or until any prior to the dismissal of such Insolvency Proceeding is dismissedProceeding);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed)days;

Insolvency. (a) Borrower and its Subsidiaries, taken as a whole, are or any of its Subsidiaries is or becomes become 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 not dismissed or stayed within forty-five forty‑five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-forty five (45) days (but no Credit Extensions Term Loan shall be made extended while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (ai) Borrower or any of its Subsidiaries is or becomes Insolvent; (b) Borrower or any of its Material Subsidiaries begins an Insolvency Proceeding; or (cii) an Insolvency Proceeding is begun against Borrower or any of its Material Subsidiaries and not dismissed or stayed within forty-forty five (45) days (but no Credit Extensions shall will be made while Borrower or any Subsidiary is Insolvent and/or until before any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five sixty (4560) days (but no Credit Extensions Term Loans shall be made extended while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower, or Borrower and its Subsidiaries, are or any of its Subsidiaries is or becomes become 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or becomes Insolvent; Insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and not dismissed or stayed within forty-five (45) days (but no Credit Extensions Term Loans shall be made extended while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);dismissed);

Insolvency. (a) Borrower Holdings or any of its Subsidiaries is or becomes Insolvent; (b) Borrower Holdings or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower Holdings or any of its Subsidiaries and not dismissed or stayed within forty-five (45) days (but no Credit Extensions Term Loans shall be made extended while Borrower Holdings or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes Insolventinsolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun commenced against Borrower or any of its Subsidiaries and is not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed)days;

Insolvency. (a) Borrower or any of its Subsidiaries Subsidiaries, on a consolidated basis, is unable to pay its debts (including trade debts) as they become due or otherwise becomes Insolventinsolvent; (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 forty-five (45) 45 days (but no Credit Extensions shall be made while Borrower any of the conditions described in clause (a) exist or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or becomes Insolventfails to be solvent as described under Section 4.7 hereof; (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 forty-five (45) 30 days (but no Credit Extensions shall be made while Borrower any of the conditions described in clause (a) exist or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five forty‑five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed)days;

Insolvency. (a) Borrower or any of its Subsidiaries is or becomes Insolvent, or Borrower and its Subsidiaries, taken as a whole, are or become Insolvent; (b) Borrower or any of its Subsidiaries Guarantor begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries Guarantor and not dismissed or stayed within forty-forty five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes Insolventinsolvent; (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 forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);days.

Insolvency. (a1) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes Insolventinsolvent; (b1) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c1) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within forty-five thirty (4530) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five (45) [***] days (but no Credit Extensions Term Loan shall be made extended while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) (i) Borrower or any of (ii) Borrower and its Subsidiaries taken as a whole, is or 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 not dismissed or stayed within forty-five forty‑five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed)) or (d) a Liquidation;

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions Term Loans shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);.

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-forty five (45) days (but no Credit Extensions Term Loan shall be made extended while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);; 8.6

Insolvency. (a) Borrower or any of its Subsidiaries is or becomes Insolvent; (bi) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (cii) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and not dismissed or stayed within forty-five sixty (4560) days (but no Credit Extensions shall Advances will be made while Borrower or any Subsidiary is Insolvent and/or until any before such Insolvency Proceeding is dismissed);.

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes Insolventinsolvent; (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 forty-five thirty (4530) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-forty five (45) days (but no Credit Extensions Advance shall be made extended while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower and its Subsidiaries, on a consolidated basis, are or any of its Subsidiaries is or becomes become 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 not dismissed or stayed within forty-five forty‑five (45) days (but no Credit Extensions Term Loans shall be made extended while Borrower or any Subsidiary is and its Subsidiaries, on a consolidated basis, are Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is or 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 not dismissed or stayed within forty-five (45) days (but no Credit 20 Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower and its Subsidiaries, on a consolidated basis, are or any of its Subsidiaries is or becomes become 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions Term Loans shall be made extended while Borrower or any Subsidiary is and its Subsidiaries, on a consolidated basis, are Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower Holdings or any of its Subsidiaries is is, or becomes becomes, Insolvent; (b) Borrower Holdings or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower Holdings or any of its Subsidiaries and not dismissed or stayed within forty-five (45) days (but no Credit Extensions Term Loans shall be made extended while Borrower Holdings or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);.

Insolvency. (a) Following the closing of the Equity Offering, Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes Insolventinsolvent; (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 forty-five thirty (4530) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed)days;

Insolvency. (a) Borrower or any of its Subsidiaries is or becomes Insolvent, or Borrower and its Subsidiaries, taken as a whole, are or become 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 not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while Borrower or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);