TPTX » Topics » Insolvency.

This excerpt taken from the TPTX 8-K filed Oct 10, 2006.


(i)                                     Borrower is unable to pay its debts (including trade debts) as they mature; (ii) Borrower begins an Insolvency Proceeding; or (iii) an Insolvency Proceeding is begun against Borrower and not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made before any Insolvency Proceeding is dismissed).

"Insolvency." elsewhere:

Monogram Biosciences (MGRM)
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