Failure to Pay Debts; Voluntary Bankruptcy. The Borrower or any Subsidiary (i) fails to pay the Borrower's or such Subsidiary's debts generally as they come due, or (ii) files any petition, proceeding, case, or action for relief under any bankruptcy, reorganization, insolvency, or moratorium law, or any other law or laws for the relief of, or relating to, debtors.
Appears in 3 contracts
Samples: Credit Agreement (Digital Microwave Corp /De/), Credit Agreement (Microtest Inc), Credit Agreement (Filenet Corp)
Failure to Pay Debts; Voluntary Bankruptcy. The Borrower or any Material Subsidiary (i) fails to pay the Borrower's or such Material Subsidiary's debts generally as they come due, or (ii) files any petition, proceeding, case, or action for relief under any bankruptcy, reorganization, insolvency, or moratorium law, or any other law or laws for the relief of, or relating to, debtors.
Appears in 1 contract
Samples: Credit Agreement (Safeguard Health Enterprises Inc)
Failure to Pay Debts; Voluntary Bankruptcy. The Borrower or any Subsidiary (i) fails to pay the Borrower's or y such Subsidiary's debts generally as they come due, or (ii) files any petition, proceeding, case, or action for relief under any bankruptcy, reorganization, insolvency, or moratorium law, or any other law or laws for the relief of, or relating to, debtors.
Appears in 1 contract
Samples: Credit Agreement (Filenet Corp)
