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 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)

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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 obligations debts as they become due or cease or threaten to cease operations of its present business;due.

Appears in 1 contract

Samples: Credit Agreement (Landsea Homes 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 obligations debts as they become due or cease or threaten to 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 obligations debts as they become due or cease or threaten to cease operations of its present businessdue;

Appears in 1 contract

Samples: Credit Agreement (Landsea Homes Corp)

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

Appears in 1 contract

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

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