Common use of Non-Payment of Debts Clause in Contracts

Non-Payment of Debts. Tenant or any guarantor of Tenant’s obligations under this Lease generally does not pay its debts as they become due, unless such debts are the subject of a bona fide dispute, or admits in writing its inability to pay its debts.

Appears in 3 contracts

Sources: Commercial Office Lease, Commercial Office Lease (Technest Holdings Inc), Commercial Office Lease (Technest Holdings Inc)

Non-Payment of Debts. Tenant or any guarantor of Tenant’s 's obligations under this Lease generally does not pay its debts as they become due, unless such debts are the subject of a bona fide dispute, or admits in writing its inability to pay its debts.

Appears in 1 contract

Sources: Commercial Office Lease (SavWatt USA, Inc.)

Non-Payment of Debts. Tenant or any guarantor of Tenant’s 's obligations under this Lease generally does not pay its debts as they become due, due unless such debts are the subject of a bona fide dispute, dispute or admits in writing its inability to pay its debts.

Appears in 1 contract

Sources: Commercial Lease (Ncric Group Inc)