Actions, Suits, etc. There shall exist no pending actions, suits, arbitrations, claims, attachments, proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other proceedings, actually filed against Seller that would (i) prevent Seller from performing its obligations under this Agreement, or (ii) materially and adversely affect the operation or value of the Property.
Appears in 2 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (KBS Real Estate Investment Trust III, Inc.)
Actions, Suits, etc. There shall exist no pending or threatened actions, suits, arbitrations, claims, attachments, proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other proceedings, actually filed against Seller that would (i) prevent Seller from performing materially and adversely affect Seller’s ability to perform its obligations under this Agreement, or (ii) materially . Purchase and adversely affect the operation or value of the Property.Sale Agreement – 5000 Xxxxxxxxxxxx Xxxxx
Appears in 1 contract
Actions, Suits, etc. There shall exist no pending actions, suits, arbitrations, claims, attachments, proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other proceedings, actually filed against the Seller that would (i) prevent the Seller from performing its obligations under this Agreement, or (ii) except for any matters disclosed to Buyer in the Property Documents, materially and adversely affect the operation or value of the Property.;
Appears in 1 contract
Samples: Agreement of Purchase and Sale (KBS Real Estate Investment Trust, Inc.)
Actions, Suits, etc. There shall exist no pending actions, suits, arbitrations, claims, attachments, proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other proceedings, actually filed against Seller the Buyer that would (i) prevent Seller the Buyer from performing its obligations under this Agreement, or (ii) materially and adversely affect the operation or value of the Property.; and
Appears in 1 contract
Samples: Agreement of Purchase and Sale (KBS Real Estate Investment Trust, Inc.)