Insolvency; Voluntary Proceedings. The Company or any Restricted Subsidiary (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) commences any Insolvency Proceeding with respect to itself; or (iii) takes any corporate action to effectuate or authorize any of the foregoing; or
Appears in 4 contracts
Samples: Revolving Credit Agreement (Compaq Computer Corp), Revolving Credit Agreement (Compaq Dallas Inc), Revolving Credit Agreement (Compaq Dallas Inc)
Insolvency; Voluntary Proceedings. The Company Company, any Guarantor or any Restricted Subsidiary (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) commences any Insolvency Proceeding with respect to itself; or (iii) takes any corporate action to effectuate or authorize any of the foregoing; or;
Appears in 4 contracts
Samples: Credit Agreement (Venoco, Inc.), Second Lien Term Loan Agreement (Venoco, Inc.), Credit Agreement (Venoco, Inc.)
Insolvency; Voluntary Proceedings. The Company Company, any Guarantor or any Restricted Subsidiary (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) commences any Insolvency Proceeding with respect to itself; or (iii) takes any corporate action to effectuate or authorize any of the foregoing; or;
Appears in 3 contracts
Samples: Credit Agreement (Venoco, Inc.), Term Loan Agreement (Venoco, Inc.), Term Loan Agreement (Venoco, Inc.)
Insolvency; Voluntary Proceedings. The Company Borrower or any Restricted Subsidiary Guarantor (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) commences any Insolvency Proceeding with respect to itself; , or (iii) takes any corporate action to effectuate or authorize any of the foregoing; or
Appears in 3 contracts
Samples: Credit Agreement (Stroud Energy Inc), Senior Secured Revolving Credit Agreement (Stroud Energy Inc), Credit Agreement (Stroud Energy Inc)
Insolvency; Voluntary Proceedings. The Company or any Restricted Subsidiary --------------------------------- (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) commences any Insolvency Proceeding with respect to itself; or (iii) takes any corporate action to effectuate or authorize any of the foregoing; or
Appears in 2 contracts
Samples: Revolving Multicurrency Credit Agreement (Johns Manville International Group Inc), Revolving Multicurrency Credit Agreement (Johns Manville Corp /New/)
Insolvency; Voluntary Proceedings. The Company Guarantor or any Restricted Subsidiary (i) ceases or fails to be Solvent, or generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iiiiv) takes any formal corporate action to effectuate or authorize any of the foregoing; or
Appears in 2 contracts
Samples: Credit Facility Agreement (Lsi Logic Corp), Floating Rate Guaranteed Credit Facility (Lsi Logic Corp)
Insolvency; Voluntary Proceedings. The Company or any Restricted --------------------------------- Subsidiary (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) commences any Insolvency Proceeding with respect to itself; or (iii) takes any corporate action to effectuate or authorize any of the foregoing; or
Appears in 2 contracts
Samples: Revolving Credit Agreement (Compaq Computer Corp), Revolving Credit Agreement (Compaq Computer Corp)
Insolvency; Voluntary Proceedings. The Company or any Restricted Subsidiary Guarantor (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) commences any Insolvency Proceeding with respect to itself; or (iii) takes any corporate action to effectuate or authorize any of the foregoing; or
Appears in 1 contract
Insolvency; Voluntary Proceedings. The Company or any Restricted Subsidiary (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iiiiv) takes any corporate action to effectuate or authorize any of the foregoing; or
Appears in 1 contract
Insolvency; Voluntary Proceedings. The Company or any Restricted Subsidiary of its Subsidiaries (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) voluntarily ceases to conduct its business in the ordinary course; (iii) commences any Insolvency Proceeding with respect to itself; or (iiiiv) takes any corporate action to effectuate or authorize any of the foregoing; or
Appears in 1 contract
Samples: Subordinated Term Loan Agreement (Wellpoint Health Networks Inc /Ca/)
Insolvency; Voluntary Proceedings. The Company or any Restricted Subsidiary (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) commences any Insolvency Proceeding with respect to itself; or (iii) takes any corporate action to effectuate or authorize any of the foregoing; oror(g)
Appears in 1 contract
Insolvency; Voluntary Proceedings. The Company Company, any Guarantor, Ellwood or any Restricted other material Subsidiary (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) commences any Insolvency Proceeding with respect to itself; or (iii) takes any corporate action to effectuate or authorize any of the foregoing; or;
Appears in 1 contract
Samples: Credit Agreement (BMC, Ltd.)
Insolvency; Voluntary Proceedings. The Company or any Restricted ---------------------------------- Subsidiary (i) generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if any, whether at stated maturity or otherwise; (ii) commences any Insolvency Proceeding with respect to itself; or (iii) takes any corporate action to effectuate or authorize any of the foregoing; or
Appears in 1 contract
