Failure to Pay Debts When Due Sample Clauses

Failure to Pay Debts When Due. If the Borrower is generally not paying debts as such debts become due;
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Failure to Pay Debts When Due. Santa Margarita's failure to pay its debts as they become due, and for purposes of this Section, a debt shall be deemed overdue when the earliest of the following occurs: (a) thirty (30) days from the date a statement for such debt is rendered; (b) the date on which any action or proceeding for such debt is commenced; or (c) the date on which a formal notice of default or demand is sent;
Failure to Pay Debts When Due 

Related to Failure to Pay Debts When Due

  • Failure to Pay Rent Any failure of Concessionaire to timely pay any rent due or any other monetary sums required to be paid hereunder where such failure continues for a period of ten (10) consecutive days after such sums are due.

  • Failure to Pay The Borrower fails to make a payment under this Agreement when due.

  • Inability to Pay Debts The Borrower or any Restricted Subsidiary shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;

  • Failure to Make Payments When Due Failure by the Borrower to pay (i) any installment of principal of any Loan when due, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any interest on any Loan or any fee or any other amount due hereunder within five Business Days after the date due; or

  • Inability to Pay Debts; Attachment (i) Any Loan Party or any Subsidiary thereof becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

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