Bankruptcy or Debt of Purchaser. Purchaser represents and warrants to Seller that Purchaser has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by Purchaser's creditors, suffered the appointment of a receiver to take possession of all, or substantially all, of Purchaser's assets, suffered the attachment or other judicial seizure of all, or substantially all, of Purchaser's assets, admitted in writing its inability to pay its debts as they come due or made an offer of settlement, extension or composition to its creditors generally.
Appears in 2 contracts
Samples: Agreement of Purchase and Sale (Cali Realty Corp /New/), Agreement of Purchase and Sale (Brandywine Realty Trust)
Bankruptcy or Debt of Purchaser. Purchaser represents and warrants to Seller that Purchaser has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or or, to Purchaser’s knowledge, suffered the filing of an involuntary petition by Purchaser's ’s creditors, suffered the appointment of a receiver to take possession of all, or substantially all, of Purchaser's ’s assets, suffered the attachment or other judicial seizure of all, or substantially all, of Purchaser's ’s assets, admitted in writing its inability to pay its debts as they come due or made an offer of settlement, extension or composition to its creditors generally.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Dime Community Bancshares Inc)
Bankruptcy or Debt of Purchaser. Purchaser represents and warrants to Seller that Purchaser has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or or, to Purchaser's knowledge, suffered the filing of an involuntary petition by Purchaser's creditors, suffered the appointment of a receiver to take possession of all, or substantially all, of Purchaser's assets, suffered the attachment or other judicial seizure of all, or substantially all, of Purchaser's assets, admitted in writing its inability to pay its debts as they come due or made an offer of settlement, extension or composition to its creditors generally.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Dime Community Bancshares Inc)