Insolvency and Rescheduling. A Security Party is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or
Appears in 17 contracts
Samples: Secured Term Loan Facility Agreement (Teekay Tankers Ltd.), Secured Loan Agreement (Teekay LNG Partners L.P.), Senior Secured Revolving Credit Facility Agreement
Insolvency and Rescheduling. A Security Party or a Material Subsidiary is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or
Appears in 5 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.)
Insolvency and Rescheduling. A a Security Party or a Material Subsidiary is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.)
Insolvency and Rescheduling. A Security Party is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or;
Appears in 1 contract
Samples: Secured Credit Facility (Teekay Offshore Partners L.P.)
Insolvency and Rescheduling. A Security Party is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; oror 13
Appears in 1 contract
Samples: Secured Revolving Credit Facility Agreement (Teekay Corp)
Insolvency and Rescheduling. A a Security Party is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or
Appears in 1 contract
Samples: Loan Agreement
