Bankruptcy and Solvency. Seller is not involved in any Proceeding by or against it as a debtor before any Governmental Authority under title 11 of the United States Bankruptcy Code or any other insolvency or debtors’ relief act or Applicable Law or for the appointment of a trustee, receiver, liquidator, assignee, sequestrator or other similar official for any part of the Acquired Assets. Seller is not, and after giving effect to the consummation of the Transactions will not be, “insolvent” within the meaning of Section 101(32) of title 11 of the United States Code or any applicable state fraudulent conveyance or transfer law.
Appears in 4 contracts
Samples: Custodial Transfer and Asset Purchase Agreement (Healthequity, Inc.), Custodial Transfer and Asset Purchase Agreement (CONDUENT Inc), Custodial Transfer and Asset Purchase Agreement (Healthequity, Inc.)
