Common use of No Bankruptcy/Insolvency Clause in Contracts

No Bankruptcy/Insolvency. Vendor is not insolvent, has not committed an act of bankruptcy, proposed a compromise or arrangement to its creditors generally, had any petition for a receiving order in bankruptcy filed against it, taken any proceeding with respect to a compromise or arrangement, taken any proceeding to have itself declared bankrupt or wound-up, taken any proceeding to have a receiver appointed over any part of its assets, had any encumbrancer take possession of any of its property, or had any execution or distress become enforceable or become levied upon any of its property.

Appears in 2 contracts

Samples: Share Purchase Agreement (Avino Silver & Gold Mines LTD), Share Purchase Agreement

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No Bankruptcy/Insolvency. Vendor The Purchaser is not insolvent, insolvent and has not committed an act of bankruptcy, proposed a compromise or arrangement to its creditors generally, had any petition for a receiving order in bankruptcy filed against it, taken any proceeding with respect to a compromise or arrangement, taken any proceeding to have itself declared bankrupt or wound-up, taken any proceeding to have a receiver appointed over any part of its assets, had any encumbrancer take possession of any of its property, or had any execution or distress become enforceable or become levied upon any of its property.

Appears in 2 contracts

Samples: Share Purchase Agreement (Avino Silver & Gold Mines LTD), Share Purchase Agreement

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No Bankruptcy/Insolvency. Vendor is The Corporations are not insolvent, has have not committed an act of bankruptcy, proposed a compromise or arrangement to its creditors generally, had any petition for a receiving order in bankruptcy filed against it, taken any proceeding with respect to a compromise or arrangement, taken any proceeding to have itself declared bankrupt or wound-up, taken any proceeding to have a receiver appointed over of any part of its assets, had any encumbrancer take possession of any of its property, or had any execution or distress become enforceable or become levied upon any of its property.

Appears in 1 contract

Samples: Share Purchase Agreement (Capital Environmental Resource Inc)

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