Common use of Actions, Suits, etc Clause in Contracts

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, against the other party that would prevent the other party from performing its obligations under this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.), Purchase and Sale Agreement (Cole Credit Property Trust V, Inc.)

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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, against the other party that would prevent materially and adversely affect the operation or value of the Property or the other party from performing party’s ability to perform its obligations under this Agreement.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Inland American Real Estate Trust, Inc.), Purchase and Sale Agreement

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, against the other party that would prevent the other party from performing materially and adversely affect that party’s ability to perform its obligations under this Agreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Asbury Automotive Group Inc)

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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 other party that would prevent the other party from performing materially affect either party’s ability to perform its obligations under this Agreement.; and

Appears in 1 contract

Samples: Purchase and Sale Agreement (Industrial Property Trust Inc.)

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