The Applicant. 5.1.1 is unable or admits inability to pay its debts as they fall due; 5.1.2 is deemed to, or is declared to, be unable to pay its debts under applicable law; 5.1.3 suspends or threatens to suspend making payments on any of its debts; or 5.1.4 by reason of actual or anticipated financial difficulties, commences negotiations with one or more of its creditors (excluding the LTA TF) with a view to rescheduling or reducing any of its indebtedness.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
