Common use of No Insolvency or Bankruptcy Clause in Contracts

No Insolvency or Bankruptcy. No member of the Group is insolvent or bankrupt, has committed any act of insolvency or bankruptcy. No transfer of property has been or is being made by any member of the Group and no obligation has been or is being incurred by any member of the Group in connection with the transactions contemplated by this Agreement or related documents with the intent to hinder, delay or defraud creditors of any member of the Group.

Appears in 7 contracts

Samples: Share Subscription Agreement (Global Crossing Airlines Group Inc.), Investment and Advisory Agreement, Direct Placement Agreement (Chemesis International Inc.)

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