Common use of Bankruptcy and Insolvency Matters Clause in Contracts

Bankruptcy and Insolvency Matters. No action or proceeding has been commenced or filed by or against the Buyer which seeks or may lead to bankruptcy or any other similar proceeding in respect of the Buyer. No such action or proceeding has been authorized or is being considered by or on behalf of the Buyer and no creditor or equity security holder of the Buyer has, to the knowledge of the Buyer, threatened to commence or advise that it may commence, any such action or proceeding;

Bankruptcy and Insolvency Matters. No action or proceeding has been commenced or filed by or against the Buyer Seller which seeks or may lead to bankruptcy or any other similar proceeding in respect of the BuyerSeller. No such action or proceeding has been authorized or is being considered by or on behalf of the Buyer Seller and no creditor or equity security holder of the Buyer Seller has, to the knowledge of the BuyerSeller, threatened to commence or advise that it may commence, any such action or proceeding;

Bankruptcy and Insolvency Matters. No action or proceeding has been commenced or filed by or against the Buyer Vendor or which seeks or may lead to bankruptcy or any other similar proceeding in respect of the BuyerVendor. No such action or proceeding has been authorized or is being considered by or on behalf of the Buyer Vendor and no creditor or equity security holder of the Buyer Vendor has, to the knowledge of the BuyerVendor, threatened to commence or advise that it may commence, any such action or proceeding;

Bankruptcy and Insolvency Matters. No action or proceeding has been commenced or filed by or against the Buyer Purchaser which seeks or may lead to bankruptcy or any other similar proceeding in respect of the BuyerPurchaser. No such action or proceeding has been authorized or is being considered by or on behalf of the Buyer Purchaser and no creditor or equity security holder of the Buyer Purchaser has, to the knowledge of the BuyerPurchaser, threatened to commence or advise that it may commence, any such action or proceeding;