1. Instances when debtor loses right to period Art. 1193. The debtor shall lose every.r right to make use of the period: {1} When after the obligation has been contracted, he becomes insolvent, unless he gives a guarantv or security for the debt; {2} when he does not furnish to the creditor the guaranties or securities which he has promised; {3} when by his own acts he has impaired said guaranties or securities after their establishment, and when through a fortuitous event they disappear, unless he immediatelv gives new ones ecluallillr satisfactory: {4} When the debtor violates any:r undertaking, in consideration of which the creditor agreed to the period; {5} when the debtor attempts to abscond