Admittance of non-payment. The Borrower is unable or admits in writing its inability or unwillingness to pay its lawful debts as they mature.
Appears in 4 contracts
Samples: Revolving Credit Facility Agreement (Himalaya Shipping Ltd.), Revolving Credit Facility Agreement (Himalaya Shipping Ltd.), Revolving Credit Facility Agreement (Himalaya Shipping Ltd.)
Admittance of non-payment. The Borrower is unable or admits in writing its inability or unwillingness to pay its lawful debts as they maturefall due.
Appears in 2 contracts
Samples: Eleventh Supplemental Agreement (KNOT Offshore Partners LP), Management Agreement (Golar LNG LTD)
Admittance of non-payment. The Borrower or a Guarantor is unable or admits in writing its inability or unwillingness to pay its lawful debts as they maturefall due.
Appears in 1 contract
Samples: Scorpio Bulkers Inc.
