No Insolvency Proceeding Sample Clauses

No Insolvency Proceeding. No proceeding for relief under the Bankruptcy Code or for similar relief under the laws of any state has been commenced by or against RCPI.
AutoNDA by SimpleDocs
No Insolvency Proceeding. Notwithstanding any prior termination of this Agreement, (a) neither the Property Manager nor the Borrower Representative, each in its capacity as a creditor of a Borrower, shall, prior to the date which is one year and one day after the final payment of the Obligations of the Borrowers, petition or otherwise invoke the process of any Governmental Authority for the purpose of commencing or sustaining an insolvency proceeding against any Borrower under any Insolvency Laws or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of any Borrower or any substantial part of its property or ordering the winding up or liquidation of the affairs of any Borrower, (b) no Borrower, in its capacity as a creditor of the Borrower Representative, shall, prior to the date which is one year and one day after the final payment of the Obligations of the Borrowers, petition or otherwise invoke the process of any Governmental Authority for the purpose of commencing or sustaining an insolvency proceeding against the Borrower Representative under any Insolvency Laws or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Borrower Representative or any substantial part of its property or ordering the winding up or liquidation of the affairs of the Borrower Representative and (c) no Borrower, each in its capacity as a creditor of another Borrower shall, prior to the date which is one year and one day after the final payment of the Obligations of the Borrowers, petition or otherwise invoke the process of any Governmental Authority for the purpose of commencing or sustaining an insolvency proceeding against any other Borrower under any Insolvency Laws or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of any other Borrower or any substantial part of its property or ordering the winding up or liquidation of the affairs of any other Borrower.
No Insolvency Proceeding. No order for relief under the Bankruptcy Code (or any similar insolvency proceeding) has been entered with respect to any Credit Party.
No Insolvency Proceeding. No Insolvency Proceeding has occurred in respect of any Borrower or Guarantor or any of their respective direct and indirect Subsidiaries.
No Insolvency Proceeding. Seller has not entered into this Agreement with the actual intent to hinder, delay or defraud any creditor or any other Person. There has been no voluntary insolvency, bankruptcy, receivership, custodianship, liquidation, dissolution, reorganization, assignment for the benefit of creditors or similar proceeding (an "Insolvency Proceeding") commenced with respect to Seller. As of the date of this Agreement, Seller is not currently planning to commence an Insolvency Proceeding. As of the date of this Agreement, to the Knowledge of Seller, no other Person is currently planning to commence an Insolvency Proceeding with respect to Seller.
No Insolvency Proceeding. Seller Parent has not entered into this Agreement with the actual intent to hinder, delay or defraud any creditor or any other Person. There has been no Insolvency Proceeding commenced with respect to Seller Parent. As of the date of this Agreement, Seller Parent is not currently planning to commence an Insolvency Proceeding. As of the date of this Agreement, to the Knowledge of Seller Parent, no other Person is currently planning to commence an Insolvency Proceeding with respect to Seller Parent.
No Insolvency Proceeding. Notwithstanding any prior termination of this Agreement, neither the Administrative Agent nor any Lender shall, prior to the date which is one (1) year and one (1) day after the final payment of the Obligations, petition, cooperate with or encourage any other Person in petitioning or otherwise invoke the process of any Governmental Authority for the purpose of commencing or sustaining an Insolvency Proceeding against the Borrower under any United States federal or State Insolvency Laws or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Borrower or any substantial part of its property or ordering the winding up or liquidation of the affairs of the Borrower.
AutoNDA by SimpleDocs
No Insolvency Proceeding. 20 (x) Insurance . . . . . . . . . . . . . . . 20 Section 3.2 Representations and Warranties of Parent, Sub, Investors and GSMC . . . . . . . . 21 (a) Organization, Standing and Corporate Power . . . . . . . . . . . . . . . . . 21 (b) Authority . . . . . . . . . . . . . . . 21 (c) Government Approvals; Required Consents . . . . . . . . . . . . . . . 22 (d)
No Insolvency Proceeding. As from the Effective Date, no Insolvency Proceeding has occurred in respect of any Borrower or other Obligor or any of their respective direct and indirect Subsidiaries.
No Insolvency Proceeding. Neither the Company nor RoweCan has made any ------------------------ assignment for the benefit of its creditors nor has any receiving order been made against it under any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws, nor has any petition for such an order been served upon it, nor has it attempted to take the benefit of any legislation with respect to financially distressed debtors, nor, after giving effect to this financing, is an insolvent person within the meaning of the Bankruptcy and Insolvency Act (Canada) or under any applicable bankruptcy legislation.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!