Common use of Fair Consideration; No Fraudulent Conveyance Clause in Contracts

Fair Consideration; No Fraudulent Conveyance. The transfer of the Purchased Assets and Purchased Shares to Buyer as contemplated by this Agreement and the other Transaction Documents is made in exchange for fair and equivalent consideration, and neither Seller nor any Other Seller is now insolvent nor will be rendered insolvent by the sale, transfer and assignment of the Purchased Assets and Purchased Shares as contemplated by this Agreement and the other Transaction Documents. Neither Seller nor any Other Seller is entering into this Agreement or the transactions contemplated hereby with the intent to defraud, delay or hinder its creditors and the consummation of the transactions contemplated by this Agreement, and the other Transaction Documents will not have any such effect. The transactions contemplated by this Agreement or any other Transaction Document will not give rise to any right of any creditor of Seller or any Subsidiary of Seller to assert any claim for fraudulent conveyance against Buyer, any of its Subsidiaries or any of the Purchased Assets or Purchased Shares in the hands of Buyer or any of their respective successors and assigns following the Closing.

Appears in 1 contract

Samples: Purchase Agreement (Symantec Corp)

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Fair Consideration; No Fraudulent Conveyance. The transfer of the Purchased Assets and Purchased Shares to Buyer Purchaser as contemplated by this Agreement and the other Transaction Documents Ancillary Agreements is made in exchange for fair and equivalent consideration, and neither Seller nor any Other Seller is now insolvent nor will be rendered insolvent by the sale, transfer and assignment of the Purchased Assets and Purchased Shares as contemplated by this Agreement and the other Transaction DocumentsAncillary Agreements. Neither Seller nor any Other Seller is entering into this Agreement or the transactions contemplated hereby with the intent to defraud, delay or hinder its creditors and the consummation of the transactions contemplated by this Agreement, and the other Transaction Documents Ancillary Agreements will not have any such effect. The transactions contemplated by this Agreement or any other Transaction Document Ancillary Agreement will not give rise to any right of any creditor of Seller or any Subsidiary of Seller to assert any claim for fraudulent conveyance whatsoever against Buyer, any of its Subsidiaries Purchaser or any of the Purchased Assets or Purchased Shares in the hands of Buyer Purchaser or any of their respective successors and assigns following the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Bruker Corp)

Fair Consideration; No Fraudulent Conveyance. The transfer of the Purchased Assets and Purchased Shares to Buyer as contemplated by this Agreement and the other Transaction Documents is made in exchange for fair and equivalent consideration, and neither Seller nor any Other Seller is now insolvent nor will be rendered insolvent by the sale, transfer and assignment of the Purchased Assets and Purchased Shares as contemplated by this Agreement and the other Transaction Documents. Neither Seller nor any Other Seller is entering into this Agreement or the transactions contemplated hereby with the intent to defraud, delay or hinder its creditors and the consummation of the transactions contemplated by this Agreement, and the other Transaction Documents will not have any such effect. The transactions contemplated by this Agreement or any other Transaction Document will not give rise to any right of any creditor of Seller or any Subsidiary Affiliate of Seller to assert any claim for fraudulent conveyance against Buyer, any of its Subsidiaries or any of the Purchased Assets or Purchased Shares in the hands of Buyer or any of their respective successors and assigns following the Closing.

Appears in 1 contract

Samples: Purchase Agreement (MACOM Technology Solutions Holdings, Inc.)

Fair Consideration; No Fraudulent Conveyance. The transfer Conveyance of the Purchased Transferred Assets and Purchased Shares to the Buyer or the Buyer Designee as contemplated by this Agreement and the other Transaction Documents Ancillary Agreements is made in exchange for fair and equivalent consideration, and neither Seller the Company nor any Other Seller of its Affiliates is now insolvent nor will be rendered insolvent by the sale, transfer and assignment Conveyance of the Purchased Transferred Assets and Purchased Shares as contemplated by this Agreement and the other Transaction DocumentsAncillary Agreements. Neither Seller the Company nor any Other Seller of its Affiliates is entering into this Agreement or the transactions contemplated hereby with the intent to defraud, delay or hinder its creditors and the consummation of the transactions contemplated by this Agreement, and the other Transaction Documents Ancillary Agreements will not have any such effect. The transactions contemplated by this Agreement or any other Transaction Document Ancillary Agreement will not give rise to any right of any creditor of Seller the Company or any Subsidiary of Seller its Affiliates to assert any claim for fraudulent conveyance whatsoever against Buyer, the Buyer or any of its Subsidiaries Affiliates or any of the Purchased Transferred Assets or Purchased Shares in the hands of the Buyer or any of its Affiliates or their respective successors and assigns following the Closing.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rambus Inc)

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Fair Consideration; No Fraudulent Conveyance. The transfer of the Purchased Assets and Purchased Shares to Buyer as contemplated by this Agreement and the other Transaction Documents is made in exchange for fair and equivalent consideration, and neither Seller nor any Other Seller is now insolvent nor will be rendered insolvent by the sale, transfer and assignment Transfer of the Purchased Assets and Purchased Shares as contemplated by this Agreement and the other Transaction Documents. Neither Seller nor any Other Seller is entering into this Agreement or the transactions contemplated hereby with the intent to defraud, delay or hinder its creditors and the consummation of the transactions contemplated by this Agreement, and the other Transaction Documents will not have any such effect. The transactions contemplated by this Agreement or any other Transaction Document will not give rise to any right of any creditor of Seller or any Subsidiary of Seller to assert any claim for fraudulent conveyance against Buyer, any of its Subsidiaries or any of the Purchased Assets or Purchased Shares in the hands of Buyer or any of their respective successors and assigns following the Closing.

Appears in 1 contract

Samples: Purchase Agreement (KORE Group Holdings, Inc.)

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