Common use of No Bankruptcy, Litigation Clause in Contracts

No Bankruptcy, Litigation. There has not been filed any petition or application, or any proceedings commenced, by or against, or with respect to any assets of, the Seller, under Title 11 of the United States Code or any other law, domestic or foreign, relating to bankruptcy, reorganization, compromise, arrangement, insolvency, readjustment of debt or creditors’ rights, and the Seller has not made any assignment for the benefit of creditors. The Seller is not a party in any litigation or similar Proceeding.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Vape Holdings, Inc.), Asset Purchase Agreement (Peoplestring Corp)

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No Bankruptcy, Litigation. There has not been filed any petition or application, or any proceedings commenced, by or against, or with respect to any assets of, the of Seller, under Title 11 of the United States Code or any other law, domestic or foreign, relating to bankruptcy, reorganization, compromise, arrangement, insolvency, readjustment of debt or creditors’ rights, by Seller and the Seller has not made any assignment for the benefit of creditors. The Seller is not a party in any litigation or similar Proceeding.

Appears in 1 contract

Samples: Asset Purchase Agreement (Development Capital Group, Inc.)

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No Bankruptcy, Litigation. There has not been filed any petition or application, or any proceedings commenced, by or against, or with respect to any assets of, the Seller, under Title 11 of the United States Code or any other law, domestic or foreign, relating to bankruptcy, reorganization, compromise, arrangement, insolvency, readjustment of debt or creditors' rights, and the Seller has not made any assignment for the benefit of creditors. The Seller is not a party in any litigation or similar Proceeding.

Appears in 1 contract

Samples: Asset Purchase Agreement (Game Plan Holdings, Inc.)

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