Insolvency and Rescheduling. an Obligor 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 3 contracts
Samples: Memorandum of Agreement (Teekay LNG Partners L.P.), Memorandum of Agreement (Teekay LNG Partners L.P.), Memorandum of Agreement (Teekay LNG Partners L.P.)
Insolvency and Rescheduling. an An Obligor 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: Facility Agreement, Facility Agreement (Teekay LNG Partners L.P.)
Insolvency and Rescheduling. an Any Obligor is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors generally 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; orcreditors generally.
Appears in 2 contracts
Samples: Credit Agreement (Comple Tel LLC), Credit Agreement (Comple Tel Europe Nv)
Insolvency and Rescheduling. an Any Obligor 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: Revolving Credit Facility Agreement (Capital One Financial Corp), Multicurrency Term Facility Agreement (London Pacific Group LTD)
Insolvency and Rescheduling. an An Obligor 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 Indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or.
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Insolvency and Rescheduling. an Any Obligor is unable to pay its debts as they fall due or admits inability 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.
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Samples: Pledge Agreement (Hutchison Telecommunications International LTD)
Insolvency and Rescheduling. an An Obligor 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;
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