Example ContractsClausesNo Bankruptcy
No Bankruptcy
No Bankruptcy contract clause examples

No Bankruptcy. No voluntary bankruptcy, reorganization, arrangement or insolvency proceedings have been filed by such Seller or are contemplated by such Seller, and, to such Seller’s knowledge, there are no involuntary bankruptcy, reorganization arrangement or insolvency proceedings pending or threatened against such Seller. Such Seller has not # made a general assignment for the benefit of creditors, # suffered the filing of an insolvency petition, or # suffered the appointment of a receiver to take possession of any of such Seller’s assets, # suffered the attachment or other judicial seizure of such Seller’s assets, # admitted in writing its inability to pay its debts as they come due, or # made an offer of settlement, extension or composition to its creditors.

No Bankruptcy. No voluntary bankruptcy, reorganization, arrangement or insolvency proceedings have been filed by such Seller’s Company or are contemplated by such Seller’s Company, and, to such Seller’s knowledge, there are no involuntary bankruptcy, reorganization arrangement or insolvency proceedings pending or threatened against such Seller’s Company. Such Seller’s respective Company has not made a general assignment for the benefit of creditors, suffered the filing of an insolvency petition, or suffered the appointment of a receiver to take possession of any of such Company’s assets, suffered the attachment or other judicial seizure of such Company’s assets, admitted in writing its inability to pay its debts as they come due or made an offer of settlement, extension or composition to its creditors.

. None of the Borrower Control Persons (excluding the members of the REIT Board) has made any assignment for the benefit of creditors, nor has any of the Borrower Control Persons filed, or had filed against such Borrower Control Person, any petition in bankruptcy. No part of the Property, Chattels, Intangible Personalty or other Collateral is in the hands of a receiver, no application for a receiver is pending with respect to any portion of the Property, the Chattels, the Intangible Personalty or the other Collateral, and no part of the Property, Chattels, Intangible Personalty or other Collateral is subject to any foreclosure or similar proceeding.

No Bankruptcy. There are no bankruptcy Proceedings pending, being contemplated by or threatened against Seller.

No Bankruptcy. There are no bankruptcy Proceedings pending, being contemplated by or threatened against Buyer.

No Bankruptcy. PMC is not a debtor in any state or federal bankruptcy or insolvency proceeding. PMC has not threatened and, to Sellers’ knowledge, is not contemplating either the filing of a petition by it under any state or federal bankruptcy or insolvency laws or the liquidation of all or a major portion of PMC’s assets or any of the Mortgage Loans.

No Bankruptcy. Seller is not a party to any voluntary or involuntary proceedings in bankruptcy, reorganization or similar proceedings under the Federal bankruptcy laws or under any state laws relating to the protection of debtors, or subject to any general assignment for the benefit of the creditors, and, to Seller’s actual knowledge, no such action has been threatened in writing.

No Bankruptcy. Neither POP nor [[POP:Organization]] is a debtor in any state or federal bankruptcy or insolvency proceeding. Neither POP nor [[POP:Organization]] has threatened, and neither POP nor [[POP:Organization]] is contemplating, either the filing of a petition by it under any state or federal bankruptcy or insolvency laws or the liquidation of all or a major portion of such entity’s assets or any of the Loans.

No Bankruptcy. Neither PMC nor POP is a debtor in any state or federal bankruptcy or insolvency proceeding. Neither PMC nor POP has threatened and, to Sellers’ knowledge, is not contemplating either the filing of a petition by it under any state or federal bankruptcy or insolvency laws or the liquidation of all or a major portion of PMC’s or POP’s assets or any of the Mortgage Loans.

No Bankruptcy. PMC is not a debtor in any state or federal bankruptcy or insolvency proceeding. PMC has not threatened and, to Sellers’ knowledge, is not contemplating either the filing of a petition by it under any state or federal bankruptcy or insolvency laws or the liquidation of all or a major portion of PMC’s assets or any of the Mortgage Loans.

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