Common use of Admittance of non-payment Clause in Contracts

Admittance of non-payment. Any of the Obligors is unable or admits in writing its inability to pay its lawful debts as they fall due.

Appears in 7 contracts

Samples: Term Loan Facility Agreement (KNOT Offshore Partners LP), Second Supplemental Agreement, Loan and Guarantee Facility Agreement (KNOT Offshore Partners LP)

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