Common use of Inability to Pay Debts Clause in Contracts

Inability to Pay Debts. Any Loan Party or any Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or

Appears in 19 contracts

Samples: Credit Agreement (AdvanSix Inc.), Term Loan Credit Agreement (Vista Outdoor Inc.), Credit Agreement (AdvanSix Inc.)

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Inability to Pay Debts. Any Loan Party or any Subsidiary becomes unable or admits of its Subsidiaries shall become unable, admit in writing its inability or fails fail generally to pay its debts as they become due; or.

Appears in 13 contracts

Samples: Credit Agreement (Synchronoss Technologies Inc), Credit Agreement (Harvard Bioscience Inc), Credit Agreement (Mynaric AG)

Inability to Pay Debts. Any Loan Party or any Subsidiary becomes unable or admits of its Subsidiaries shall become generally unable, admit in writing its general inability or fails fail generally to pay its debts as they become due; or.

Appears in 2 contracts

Samples: Credit Agreement (Steven Madden, Ltd.), Credit Agreement (Steven Madden, Ltd.)

Inability to Pay Debts. Any Loan Party or any Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or

Appears in 2 contracts

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.)

Inability to Pay Debts. Any Loan Party or any Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or;

Appears in 2 contracts

Samples: Joinder and Assumption Agreement (CONSOL Energy Inc), Credit Agreement (CNX Gas Corp)

Inability to Pay Debts. Any Loan Party or any Subsidiary of its Subsidiaries becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or

Appears in 1 contract

Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc)

Inability to Pay Debts. 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

Appears in 1 contract

Samples: Credit Agreement (Dayton Power & Light Co)

Inability to Pay Debts. Any Loan Party or any Subsidiary of its Subsidiaries becomes unable to or admits in writing its inability or fails generally to pay its debts as they become due; or

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Potbelly Corp)

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Inability to Pay Debts. Any Loan Party or any Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or

Appears in 1 contract

Samples: Credit Agreement (optionsXpress Holdings, Inc.)

Inability to Pay Debts. Any Loan Party or any Subsidiary becomes unable or unable, admits in writing its inability inability, or publicly declares its intention not to, or fails generally generally, to pay its debts as they become due; or

Appears in 1 contract

Samples: Credit Agreement (Meet Group, Inc.)

Inability to Pay Debts. Any Loan Party or any Material Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or;

Appears in 1 contract

Samples: Credit Agreement (Rh)

Inability to Pay Debts. Any The Borrower or any other Loan Party or any Subsidiary becomes unable or admits in writing its inability or fails generally to pay its debts as they become due; or

Appears in 1 contract

Samples: Credit Agreement (Fisher Scientific International Inc)

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