Common use of No Insolvency Action Clause in Contracts

No Insolvency Action. No petition in bankruptcy, insolvency proceeding or a petition for reorganization or for the appointment of a receiver or trustee shall have been filed by or against Seller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cal-Bay International Inc), Asset Purchase Agreement (Caldera Systems Inc)

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No Insolvency Action. No petition in bankruptcy, insolvency proceeding or a petition for reorganization or for the appointment of a receiver or trustee has or shall have been filed by or against Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (TSS, Inc.)

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No Insolvency Action. No petition in bankruptcy, insolvency proceeding or a petition for reorganization or for the appointment of a receiver or trustee shall have has been filed by or against Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (TSS, Inc.)

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