Insolvency and Rescheduling. an Obligor is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or
Appears in 3 contracts
Sources: Memorandum of Agreement (Teekay LNG Partners L.P.), Memorandum of Agreement (Teekay LNG Partners L.P.), Memorandum of Agreement (Teekay LNG Partners L.P.)
Insolvency and Rescheduling. an Any Obligor is unable to pay its debts as they fall due or admits inability to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness Indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or.
Appears in 3 contracts
Sources: Facility Agreement (Partner Communications Co LTD), Pledge Agreement (Hutchison Telecommunications International LTD), Pledge Agreement (Hutchison Telecommunications International LTD)
Insolvency and Rescheduling. an Any Obligor is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors generally with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; orcreditors generally.
Appears in 2 contracts
Sources: Credit Agreement (Comple Tel LLC), Credit Agreement (Comple Tel Europe Nv)
Insolvency and Rescheduling. an An Obligor is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or.
Appears in 2 contracts
Sources: Facility Agreement, Facility Agreement (Teekay LNG Partners L.P.)
Insolvency and Rescheduling. an Any Obligor is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or.
Appears in 2 contracts
Sources: Revolving Credit Facility Agreement (Capital One Financial Corp), Multicurrency Term Facility Agreement (London Pacific Group LTD)
Insolvency and Rescheduling. an An Obligor is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness Indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or.
Appears in 1 contract
Insolvency and Rescheduling. an An Obligor is unable to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or;
Appears in 1 contract
Insolvency and Rescheduling. an Any Obligor is unable to pay its debts as they fall due or admits inability to pay its debts as they fall due, commences negotiations with any one or more of its creditors with a view to the general readjustment or rescheduling of its indebtedness or makes a general assignment for the benefit of its creditors or a composition with its creditors; or.
Appears in 1 contract
Sources: Pledge Agreement (Hutchison Telecommunications International LTD)