Common use of Unable to Pay Debts Clause in Contracts

Unable to Pay Debts. The admission in writing by Borrower or Guarantor that it is unable to pay its debts as they mature or that it is generally not paying its debts as they mature;

Appears in 10 contracts

Samples: Term Loan Agreement (Strategic Student & Senior Housing Trust, Inc.), Revolving Loan and Security Agreement (Cottonwood Communities, Inc.), Construction Loan Agreement (Indus Realty Trust, Inc.)

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Unable to Pay Debts. The admission in writing by Borrower or Guarantor that it is unable to pay its debts as they mature or that it is generally not paying its debts as they mature;

Appears in 4 contracts

Samples: Loan and Security Agreement (Varian Medical Systems Inc), Loan and Security Agreement (Varian Medical Systems Inc), Loan and Security Agreement (Varian Medical Systems Inc)

Unable to Pay Debts. The admission in writing by any Borrower or Guarantor that it is unable to pay its debts as they mature or that it is generally not paying its debts as they mature;

Appears in 2 contracts

Samples: Term Loan and Security Agreement (KBS Growth & Income REIT, Inc.), Term Loan and Security Agreement (KBS Growth & Income REIT, Inc.)

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Unable to Pay Debts. The admission in writing by any Borrower or Guarantor that it is unable to pay its debts as they mature or that it is generally not paying its debts as they mature;.

Appears in 1 contract

Samples: Credit Agreement (Creative Media & Community Trust Corp)

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