Common use of Insolvency Clause in Contracts

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) 30 days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty five (3045) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) 45 days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is are unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) 45 days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is are unable to pay its their debts (including trade debts) as they become due or or, taken as a whole, otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) days (but no Credit Extensions Notes shall be made purchased while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) A Co-Borrower or any of its Subsidiaries is unable fails to pay its debts (including trade debts) be solvent as they become due or otherwise becomes insolventdescribed under Section 5.6 hereof; (b) a Co-Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against a Co-Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Either (i) Borrower is or any of becomes, or (ii) Parent and its Subsidiaries is unable to pay its debts (including trade debts) Subsidiaries, taken as they a whole, are or become due or otherwise becomes insolventInsolvent; (b) Borrower any Credit Party or any of its their Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower any Credit Party or any of its their Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist Credit Party or any Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower is or becomes insolvent and any of its Subsidiaries Subsidiary, when taken as a whole with Borrower, is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventInsolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions Term Loans shall be made extended while Borrower or any of the conditions described in clause (a) exist Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Any Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) any Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against any Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or is otherwise becomes insolventno longer solvent as described in Section 4.6; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) 45 days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) [***] days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or and any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) days (but no Credit Extensions Advances shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Any Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) any Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against any Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) 45 days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower Any Obligor or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower an Obligor or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower such Obligor or any of its Subsidiaries and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);; 8.6

Insolvency. (a) Any Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) any Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against any Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) 45 days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower Borrower, Parent or any of its their respective Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower Borrower, Parent or any of its their respective Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower Borrower, Parent or any of its their respective Subsidiaries and is not dismissed or stayed within thirty (30) 30 days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or or until any Insolvency Proceeding is dismissed);; 7.6

Insolvency. (a) Borrower Any Credit Party or any of its their Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower any Credit Party or any of its their Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower any Credit Party or any of its their Subsidiaries and is not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries General Partner is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventinsolvent or Borrower or General Partner fails to be solvent as described under Section 4.6 hereof; (b) Borrower or any of its Subsidiaries General Partner begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries General Partner and is not dismissed or stayed within thirty (30) 45 days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is generally unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty (30) 60 days (but no Credit Extensions shall be made while any of the conditions described in clause (aA) exist and/or or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower Any Obligor or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower an Obligor or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower such Obligor or any of its Subsidiaries and is not dismissed or stayed within thirty (30) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries (other than Cardiosonix Ltd.) is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolventInsolvent; (b) Borrower or any of its Subsidiaries (other than Cardiosonix Ltd.) begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while Borrower or any of the conditions described in clause (a) exist Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Either (i) Borrower is or any of its Subsidiaries is unable to pay its debts becomes or (including trade debtsii) Borrower and their Subsidiaries, taken as they a whole, are or become due or otherwise becomes insolventInsolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while Borrower or any of the conditions described in clause (a) exist Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower or any of its Subsidiaries is unable to pay its debts (including trade debts) as they become due or otherwise becomes insolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty sixty (3060) days (but no Credit Extensions shall be made while any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower is or any of becomes Insolvent or Borrower and its Subsidiaries is unable to pay its debts (including trade debts) as they Subsidiaries, on a consolidated basis, are or become due or otherwise becomes insolventInsolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while Borrower or any of the conditions described in clause (a) exist Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);

Insolvency. (a) Borrower is or any of becomes Insolvent, or Borrower and its Subsidiaries is unable to pay its debts (including trade debts) Subsidiaries, taken as they a whole, are or become due or otherwise becomes insolventInsolvent; (b) Borrower or any of its Subsidiaries begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun against Borrower or any of its Subsidiaries and is not dismissed or stayed within thirty forty-five (3045) days (but no Credit Extensions shall be made while Borrower or any of the conditions described in clause (a) exist Subsidiary is Insolvent and/or until any Insolvency Proceeding is dismissed);