Common use of Creditors, Solvency, and Bankruptcy Clause in Contracts

Creditors, Solvency, and Bankruptcy. UCI, Doctor's Care or UCI of SC shall not hinder, delay, defraud or avoid any obligations to any past, present or future creditor of UCI, Doctor's Care or UCI of SC respectively in the transactions contemplated by this Agreement. The above-mentioned parties are currently solvent and will not be rendered insolvent as a result of the transactions contemplated hereby. UCI, Doctor's Care or UCI of SC does not intend to initiate with respect to themselves as debtors, nor do they expect to have initiated against themselves as debtors, any proceeding under federal or any state's bankruptcy, insolvency or similar laws.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Uci Medical Affiliates Inc), Asset Purchase Agreement (Uci Medical Affiliates Inc), Asset Purchase Agreement (Uci Medical Affiliates Inc)

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Creditors, Solvency, and Bankruptcy. UCI, Doctor's Care or UCI of SC shall not hinder, delay, defraud or avoid any obligations to any past, present or future creditor of UCI, Doctor's Care or UCI of SC respectively in the transactions contemplated by this Agreement. The above-mentioned parties are currently solvent and will not be rendered insolvent as a result of the transactions contemplated hereby. UCI, Doctor's Care or UCI of SC does not intend to initiate with respect to themselves itself as debtorsa debtor, nor do they expect to have initiated against themselves it as debtorsa debtor, any proceeding under federal or any state's bankruptcy, insolvency or similar laws.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Uci Medical Affiliates Inc), Asset Purchase Agreement (Uci Medical Affiliates Inc)

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Creditors, Solvency, and Bankruptcy. UCI, Doctor's Care or UCI of SC shall not hinder, delay, defraud or avoid any obligations to any past, present or future creditor of UCI, Doctor's Care or UCI of SC respectively in the transactions contemplated by this Agreement. The above-mentioned parties are currently solvent and will not be rendered insolvent as a result of the transactions contemplated hereby. UCI, Doctor's Care or UCI of SC does not intend to initiate with respect to themselves itself as debtorsa debtor, nor do they expect to have initiated against themselves it as debtorsa debtor, any proceeding under federal or any state's bankruptcy, insolvency or similar laws.

Appears in 1 contract

Samples: Asset Purchase Agreement (Uci Medical Affiliates Inc)

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