Common use of Inability to Pay Clause in Contracts

Inability to Pay. Any Credit Party shall admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;

Appears in 19 contracts

Samples: Revolving Credit, Term Loan and Security Agreement (Perma Fix Environmental Services Inc), Revolving Credit, Term Loan and Security Agreement (Perma Fix Environmental Services Inc), Revolving Credit and Security Agreement (Emerge Energy Services LP)

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Inability to Pay. Any Credit Loan Party shall admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;

Appears in 12 contracts

Samples: Revolving Credit and Security Agreement (Keane Group, Inc.), Revolving Credit and Security Agreement (Keane Group, Inc.), Credit Agreement (Keane Group, Inc.)

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Inability to Pay. Any Credit Note Party shall admit in writing its inability, or be generally unable, to pay its debts as they become due or cease operations of its present business;

Appears in 3 contracts

Samples: Second Lien Note Purchase Agreement (Emerge Energy Services LP), Note Purchase Agreement (Keane Group, Inc.), Note Purchase Agreement (Keane Group, Inc.)

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