Assignment for Creditors. Any Obligor makes an assignment for the benefit of creditors, fails to pay, or admits in writing its inability to pay its debts as they mature; or if a trustee of any substantial part of the assets of any Obligor is applied for or appointed.
Appears in 6 contracts
Samples: Loan and Security Agreement (Global Axcess Corp), Loan Agreement (Hutchinson Technology Inc), Loan Agreement (Hutchinson Technology Inc)
Assignment for Creditors. Any Obligor The Borrower makes an assignment for the benefit of creditors, fails to pay, or admits in writing its inability to pay its debts as they mature; or if a trustee of any substantial part of the assets of any Obligor the Borrower is applied for or appointed.
Appears in 2 contracts
Samples: Loan and Security Agreement (Huron Consulting Group Inc.), Loan and Security Agreement (Huron Consulting Group Inc.)
