Common use of Assignment for Benefit of Creditors or Nonpayment of Debts Clause in Contracts

Assignment for Benefit of Creditors or Nonpayment of Debts. The Company or any Restricted Subsidiary makes an assignment for the benefit of creditors or is generally not paying its debts as such debts become due; or

Appears in 8 contracts

Samples: Credit Agreement (Cox Radio Inc), Credit Agreement (Cox Communications Inc /De/), Credit Agreement (Cox Communications Inc /De/)

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Assignment for Benefit of Creditors or Nonpayment of Debts. The Company or any Restricted Significant Subsidiary makes an assignment for the benefit of creditors or is generally not paying its debts as such debts become due; or

Appears in 2 contracts

Samples: Credit Agreement (Cox Enterprises Inc Et Al), Credit Agreement (Cox Radio Inc)

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