Common use of Assignment For Benefit of Creditors and Insolvency Clause in Contracts

Assignment For Benefit of Creditors and Insolvency. The Company or any Material Subsidiary makes an assignment for the benefit of creditors, or admits in writing its inability to pay its debts as they become due, or is unable generally to pay its debts or is adjudicated bankrupt or insolvent.

Appears in 12 contracts

Samples: Term Loan Agreement (Conagra Brands Inc.), Revolving Credit Agreement (Conagra Brands Inc.), Term Loan Agreement (Conagra Brands Inc.)

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