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: Dsme Option (Teekay LNG Partners L.P.), Dsme Option (Teekay LNG Partners L.P.), Teekay LNG Partners L.P.
Insolvency and Rescheduling. (a) Either an Obligor or any 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; orcreditors in each case by reason of financial difficulties.
Appears in 3 contracts
Samples: Amendment and Restatement Agreement (Ferguson PLC), Agreement (Ferguson PLC), Agreement (Wolseley PLC)
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: Conformed (Capital One Financial Corp), Agreement (London Pacific Group LTD)
Insolvency and Rescheduling. an 19.13 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. Winding-up
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
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.
Appears in 1 contract
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 1 contract
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.
Appears in 1 contract
Insolvency and Rescheduling. (a) Either an Obligor or any 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; orcreditors in each case by reason of financial difficulties. Back to Contents
Appears in 1 contract
Samples: Facility Agreement (Wolseley PLC)
