Creditor's Arrangements. An Obligor agrees to any kind of composition, rescheduling, scheme, compromise or arrangement involving that Obligor and its creditors generally (or any class of them) as a result of financial difficulties.
Creditor's Arrangements. BPO has not made any assignment for the benefit of creditors nor has any involuntary or voluntary petition in bankruptcy been filed by or against BPO.
Creditor's Arrangements. The Acquiror has not made any assignment for the benefit of creditors, nor has any involuntary or voluntary petition in bankruptcy been filed by or against the Acquiror.
Creditor's Arrangements such Note Agent takes any action for a readjustment or deferment of any of its obligations or makes a general assignment or an arrangement or composition with or for the benefit of its creditors or declares a moratorium in respect of any of its indebtedness;
Creditor's Arrangements. TouchSource has not made any assignment for the benefit of creditors, nor has any involuntary or voluntary petition in bankruptcy been filed by or against TouchSource.
Creditor's Arrangements. Seller has no arrangement with creditors not made in the ordinary course of business except as disclosed in writing to Buyer, nor has an involuntary or voluntary petition in bankruptcy been filed by or against Seller.
Creditor's Arrangements. The Seller has not made any assignment for the benefit of creditors nor has any involuntary or voluntary petition in bankruptcy been filed by or against the Seller.
Creditor's Arrangements. HVI has not made any assignment for the benefit of creditors, nor has any involuntary or voluntary petition in bankruptcy been filed by or against HVI.
Creditor's Arrangements. Navidec has not made any assignment for the benefit of creditors, nor has any involuntary or voluntary petition in bankruptcy been filed by or against Navidec.
Creditor's Arrangements. Petro is currently subject to supervision in Bankruptcy Court and will no later than June 16, 1997 file a Plan of Reorganization.
