Common use of Inability to Pay Clause in Contracts

Inability to Pay. Any 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: Security Agreement (Keane Group, Inc.), Security Agreement (Keane Group, Inc.), Credit Agreement (Keane Group, Inc.)

AutoNDA by SimpleDocs

Inability to Pay. Any Loan Party shall admit or any Material Subsidiary of a Loan Party admits in writing its inability, or be generally unable, inability to pay its debts as they become due or cease operations of its present businessmature;

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (Glatfelter Corp), Credit Agreement (Glatfelter Corp), Fourth Restatement Agreement (Glatfelter Corp)

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

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Horsehead Holding Corp), Revolving Credit and Security Agreement (Horsehead Holding Corp)

Inability to Pay. Any Loan Party or Subsidiary of any 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;; or

Appears in 1 contract

Samples: Loan and Security Agreement (Dri Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Landsea Homes Corp)

AutoNDA by SimpleDocs

Inability to Pay. Any 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 businessbusiness as permitted hereunder;

Appears in 1 contract

Samples: Security Agreement (Horsehead Holding Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Landsea Homes Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.