Common use of Absence of Bankruptcy Clause in Contracts

Absence of Bankruptcy. Neither Seller nor, to the best of Seller’s knowledge, any member or manager of Seller has commenced (within the meaning of any Bankruptcy Law) a voluntary case, consented to the entry of an order for relief against it in an involuntary case, or consented to the appointment of a custodian of it or for all or any substantial part of its property, nor has a court of competent jurisdiction entered an order or decree under any Bankruptcy Law that is for relief against Seller or any member or manager of Seller in any involuntary case or appoints a custodian of Seller or any member or manager of Seller or for all or any substantial part of its or their property.

Absence of Bankruptcy. Neither Seller nor, to the best of Seller’s knowledge, nor any member or manager of Seller has commenced (within the meaning of any Bankruptcy Lawbankruptcy law) a voluntary case, consented to the entry of an order for relief against it in an involuntary case, or consented to the appointment of a custodian of it or for all or any substantial part of its property, nor has a court of competent jurisdiction entered an order or decree under any Bankruptcy Law bankruptcy law that is for relief against Seller or any member or manager of Seller its members in any an involuntary case or appoints a custodian of Seller or any member or manager of Seller its members or for all or any substantial part of its or their property.