Common use of No Bankruptcy/Insolvency Clause in Contracts

No Bankruptcy/Insolvency. The Vendor is not insolvent, has not committed an act of bankruptcy, has not proposed a compromise or arrangement to its creditors generally, has not had any petition for a receiving order in bankruptcy filed against it, has not taken any proceeding with respect to a compromise or arrangement, has not taken any proceeding to have itself declared bankrupt or wound-up, has not taken any proceeding to have a receiver appointed of any part of its assets, has not had any encumbrance take possession of any of its property, nor has it had any execution or distress become enforceable or become levied upon any of its property.

No Bankruptcy/Insolvency. The None of the Vendor nor any of the Subsidiaries is not insolvent, has not committed an act of bankruptcy, has not proposed a compromise or arrangement to its creditors generally, has not had any petition for a receiving order in bankruptcy filed against it, has not taken any proceeding with respect to a compromise or arrangement, has not taken any proceeding to have itself declared bankrupt or wound-up, has not taken any proceeding to have a receiver appointed of on any part of its assets, has not had any encumbrance take possession of registered on any of its property, nor has it had any execution or distress become enforceable or become levied upon any of its property.

No Bankruptcy/Insolvency. The Vendor None of the Corporation nor any of the Subsidiaries is not insolvent, has not committed an act of bankruptcy, has not proposed a compromise or arrangement to its creditors generally, has not had any petition for a receiving order in bankruptcy filed against it, has not taken any proceeding with respect to a compromise or arrangement, has not taken any proceeding to have itself declared bankrupt or wound-up, has not taken any proceeding to have a receiver appointed of on any part of its assets, has not had any encumbrance take possession of registered on any of its property, nor has it had any execution or distress become enforceable or become levied upon any of its property.

No Bankruptcy/Insolvency. The Vendor Company is not insolvent, has not committed an act of bankruptcy, has not proposed a compromise or arrangement to its creditors generally, has not had any petition for a receiving order in bankruptcy filed against it, has not taken any proceeding with respect to a compromise or arrangement, has not taken any proceeding to have itself declared bankrupt or wound-up, has not taken any proceeding to have a receiver appointed of any part of its assets, has not had any encumbrance encumbrancer take possession of any of its property, nor has it had any execution or distress become enforceable or become levied upon any of its property.

No Bankruptcy/Insolvency. The Vendor Opco is not insolvent, has not committed an act of bankruptcy, has not proposed a compromise or arrangement to its creditors generally, has not had any petition for a receiving order in bankruptcy filed against it, has not taken any proceeding with respect to a compromise or arrangement, has not taken any proceeding to have itself declared bankrupt or wound-up, has not taken any proceeding to have a receiver appointed of on any part of its assets, has not had any encumbrance encumbrancer take possession of any of its property, nor has it had any execution or distress become enforceable or become levied upon any of its property.