Common use of No Bankruptcy or Dissolution Clause in Contracts

No Bankruptcy or Dissolution. That at no time on or before the Closing Date shall any of the following ("BANKRUPTCY/DISSOLUTION EVENT") have occurred with respect to Buyer: (i) the commencement of a case under Title 11 of the U.S. Code, as now constituted or hereafter amended, or under any other applicable federal or state bankruptcy law or other similar law; (ii) the appointment of a trustee or receiver of any property interest; (iii) an assignment for the benefit of creditors; (iv) an attachment, execution or other judicial seizure of a-substantial property interest; (v) the taking of, failure to take, or submission to any action indicating an inability to meet its financial obligations as they accrue; or (vi) a dissolution or liquidation, death or incapacity.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (American Industrial Properties Reit Inc)

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No Bankruptcy or Dissolution. That at no time on or before the Closing Date shall any of the following ("BANKRUPTCYBankruptcy/DISSOLUTION EVENTDissolution Event") have occurred with respect to BuyerBOP: (i) the commencement of a case under Title 11 of the U.S. Code, as now constituted or hereafter amended, amended or under any other applicable federal or state bankruptcy law or other similar law; (ii) the appointment of a trustee or receiver of any property Assets interest; (iii) an assignment for the benefit of creditors; (iv) an attachment, execution execution, or other judicial seizure of a-a substantial property Assets interest; (v) the taking of, failure to take, or submission to any action indicating an inability to meet its financial obligations as they accrue; or (vi) a dissolution or liquidation, death death, or incapacity.

Appears in 1 contract

Samples: Transfer Agreement (Brandywine Realty Trust)

No Bankruptcy or Dissolution. That at At no time on or before the Closing Date shall any of the following ("BANKRUPTCYBankruptcy/DISSOLUTION EVENT") Dissolution Event, as hereinafter defined, have occurred with respect to BuyerPurchaser. "Bankruptcy/Dissolution Event" means the occurrence of any of the following: (i) the commencement of a case under Title 11 of the U.S. Code, as now constituted or hereafter amended, or under any other applicable federal or state bankruptcy law or other similar law; (ii) the appointment of a trustee or receiver of any property interest; (iii) an assignment for the benefit of creditors; (iv) an attachment, execution or other judicial seizure of a-a substantial property interest; (v) the taking of, failure to take, or submission to any action indicating an inability to meet its financial obligations as they accrue; or (vi) a dissolution or liquidation, death or incapacity.

Appears in 1 contract

Samples: Property Purchase Agreement (Homes for America Holdings Inc)

No Bankruptcy or Dissolution. That at no time on or before the Closing Date shall any of the following ("BANKRUPTCYBankruptcy/DISSOLUTION EVENTDissolution Event") have occurred been done by, against or with respect to Buyerany Selling Partner: (i1) the commencement of a case under Title 11 of the U.S. Code, as now constituted or hereafter amended, or under any other applicable federal or state bankruptcy law or other similar law; (ii2) the appointment of a trustee or receiver of any property interest; (iii3) an assignment for the benefit of creditors; (iv4) an attachment, execution or other judicial seizure of a-a substantial property interest; (v5) the taking of, failure to take, or submission to any action indicating an inability to meet its financial obligations as they accrue; or (vi6) a dissolution or dissolution, liquidation, death or incapacity.. C.

Appears in 1 contract

Samples: Sale Agreement (Carlyle Real Estate LTD Partnership Xi)

No Bankruptcy or Dissolution. That at no time on or before the Closing Date shall any of the following ("BANKRUPTCYBankruptcy/DISSOLUTION EVENTDissolution Event") have occurred been done by, against or with respect to BuyerSeller: (ia) the commencement of a case under Title 11 of the U.S. Code, as now constituted or hereafter amended, or under any other applicable federal or state bankruptcy law or other similar law; (iib) the appointment of a trustee or receiver of any property interest; (iiic) an assignment for the benefit of creditors; (ivd) an attachment, execution or other judicial seizure of a-a substantial property interest; (ve) the taking of, failure to take, or submission to any action indicating an inability to meet its 39 financial obligations as they accrue; or (vif) a dissolution or liquidationliquidation of the Seller, or the death or incapacityincapacity of any trustees of the Seller.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Berkley W R Corp)

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No Bankruptcy or Dissolution. That at no time on or before the Closing Date shall any of the following ("BANKRUPTCYBanktuprcy/DISSOLUTION EVENTDissolution Event") have occurred been done by, against or with respect to BuyerSeller, Developer, Operator or any of their respective constituent entities or principals: (i1) the commencement of a case under Title 11 of the U.S. Code, as now constituted or hereafter amended, or under any other applicable federal or state bankruptcy law or other similar law; (ii2) the appointment of a trustee or receiver of any property interest; (iii3) an assignment for the benefit of creditors; (iv4) an attachment, execution or other judicial seizure of a-a substantial property interest; (v5) the taking of, failure to take, or submission to any action indicating an inability to meet its financial obligations as they accrue; or (vi6) a dissolution or liquidation, death or incapacity.

Appears in 1 contract

Samples: Basic Agreement (Ridgewood Properties Inc)

No Bankruptcy or Dissolution. That at no time on or before the Closing Date shall any of the following ("BANKRUPTCY/DISSOLUTION EVENT") have occurred been done by, against or with respect to BuyerSeller: (i) the commencement of a case under Title 11 of the U.S. Code, as now constituted or hereafter amended, or under any other applicable federal or state bankruptcy law or other similar law; (ii) the appointment of a trustee or receiver of any property interest; (iii) an assignment for the benefit of creditors; (iv) an attachment, execution or other judicial seizure of a-a substantial property interest; (v) the taking of, failure to take, or submission to any action indicating an inability to meet its financial obligations as they accrue; or (vi) a dissolution or dissolution, liquidation, death or incapacity.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Equinix Inc)

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