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Common use of No Bankruptcy Clause in Contracts

No Bankruptcy. Each Merchant represents, warrants, and covenants that as of the date of this Agreement, it does not contemplate and has not filed any petition for bankruptcy protection under Title 11 of the United States Code and there has been no involuntary petition brought or pending against any Merchant. Each Merchant further warrants that it does not anticipate filing any such bankruptcy petition and it does not anticipate that an involuntary petition will be filed against it.

Appears in 30 contracts

Samples: Merchant Cash Advance Agreement (Ameriguard Security Services, Inc.), Standard Merchant Cash Advance Agreement (Edible Garden AG Inc), Standard Merchant Cash Advance Agreement (La Rosa Holdings Corp.)

No Bankruptcy. Each Merchant represents, warrants, and covenants that as of the date of this Agreement, it does not contemplate and has not filed any petition for bankruptcy protection under Title 11 of the United States Code and there has been no involuntary petition brought or pending against any Merchant. Each Merchant further warrants that it does not anticipate filing any such bankruptcy petition and it does not anticipate that an involuntary petition will be filed against it. Each Merchant further warrants that there will be no statutory presumption that it would have been insolvent on the date of this Agreement.

Appears in 9 contracts

Samples: Merchant Cash Advance Agreement (Connexa Sports Technologies Inc.), Merchant Cash Advance Agreement (Connexa Sports Technologies Inc.), Standard Merchant Cash Advance Agreement (Connexa Sports Technologies Inc.)

No Bankruptcy. Each Merchant represents, warrants, and covenants that as As of the date of this Agreement, it Merchant does not contemplate and has not filed any petition for bankruptcy protection under Title 11 of the United States Code and there has been no involuntary petition brought or pending against any Merchant. Each Merchant further warrants that it does not anticipate filing any such bankruptcy petition and it does not anticipate that an involuntary petition will be filed against it. In the event that the Merchant files for bankruptcy protection or is placed under an involuntary filing Protections 2 and 3 are immediately invoked.

Appears in 2 contracts

Samples: Factoring Agreement (Activecare, Inc.), Merchant Agreement (Activecare, Inc.)

No Bankruptcy. Each Merchant represents, warrants, and covenants that as of the date of this Agreement, it does not contemplate and has not filed any petition for bankruptcy protection under Title 11 of the United States Code and there has been no involuntary petition brought or pending against any Merchant. Each Merchant further warrants that it does not anticipate filing any such bankruptcy petition and it does not anticipate that an involuntary petition will be filed against it. 26.

Appears in 1 contract

Samples: Standard Merchant Cash Advance Agreement (Ameriguard Security Services, Inc.)

No Bankruptcy. Each Merchant represents, warrants, and covenants that as of the date of this Agreement, it does not contemplate and has not filed any petition for bankruptcy protection under Title 11 of the United States Code and there has been no involuntary petition brought or pending against any Merchant. Each Merchant further warrants that it does not anticipate filing any such bankruptcy petition and it does not anticipate that an involuntary petition will be filed against it.

Appears in 1 contract

Samples: Standard Merchant Cash Advance Agreement (PARTS iD, Inc.)