Common use of Avoidance Clause in Contracts

Avoidance. The transactions contemplated hereby are not subject to avoidance as fraudulent transfers or fraudulent conveyances under applicable non-bankruptcy law or the Bankruptcy Code.

Appears in 3 contracts

Sources: Asset Purchase Agreement (VDC Corp LTD), Asset Purchase Agreement (VDC Corp LTD), Memorandum of Understanding (VDC Corp LTD)

Avoidance. The transactions contemplated hereby are not subject to --------- avoidance as fraudulent transfers or fraudulent conveyances under applicable non-bankruptcy law or the Bankruptcy Code.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Portacom Wireless Inc/), Memorandum of Understanding (Portacom Wireless Inc/)