Insolvency of Contractor. Contractor shall be deemed to be insolvent if it has ceased to pay its debts for at least sixty (60) days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not Contractor is insolvent within the meaning of the Federal Bankruptcy Code;
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Samples: Master Agreement, Family Caregiver Support Program Services Contract, Contract for Dietary Administrative Support Services (Dass) Program
Insolvency of Contractor. Contractor shall will be deemed to be insolvent if it has ceased to pay its debts for at least sixty (60) days 60 Days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not Contractor is insolvent within the meaning of the Federal Bankruptcy Code;,
Appears in 3 contracts
Samples: Inmate Commissary and Vending Services Contract, Inmate Commissary and Vending Services Contract, Contract for Offender Monitoring Services
Insolvency of Contractor. Contractor shall be deemed to be insolvent if it has ceased to pay its debts for at least sixty (60) 60 days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not Contractor is insolvent within the meaning of the Federal Bankruptcy Code;.
Appears in 1 contract
Samples: Funding Agreement
Insolvency of Contractor. Contractor shall will be deemed to be insolvent if it has ceased to pay its debts for at least sixty (60) 60 days in the ordinary course of business or cannot pay its debts as they become due, whether or not a petition has been filed under the Federal Bankruptcy Code and whether or not Contractor is insolvent within the meaning of the Federal Bankruptcy Code;
Appears in 1 contract
Samples: Contract for United Mental Health Promoter Services
Insolvency of Contractor. Contractor shall be deemed to be insolvent if insolventif it has ceased to pay its debts for at least sixty (60) calendar days in the ordinary course of business or cannot pay its debts as they become due, whether Contractor has committed an act of bankruptcy or not a petition has been filed under the Federal Bankruptcy Code not, and whether or not Contractor is insolvent within the meaning of the Federal federal Bankruptcy CodeLaw or not;
Appears in 1 contract
Samples: Joint Protocol Arrangement
