No Secured Creditors; Solvency. (a) The Company does not have any secured creditors holding a fixed or floating security interest. (b) No Group Company has taken any steps to seek protection pursuant to any bankruptcy Law, nor does the Company have any knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy proceedings or any knowledge of any fact which would reasonably lead a creditor to do so. The Group Companies on a consolidated basis are not, as of the date hereof, Insolvent.
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Samples: Merger Agreement (Zhang Ray Ruiping), Merger Agreement (BPEA Teamsport LTD), Agreement and Plan of Merger (eHi Car Services LTD)
No Secured Creditors; Solvency. (a) The Company does not have any has no secured creditors holding a fixed or floating security interest.
(b) No Group Company has taken any steps to seek protection pursuant to any bankruptcy Law, nor does the Company have any knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy proceedings or any knowledge of any fact which would reasonably lead a creditor to do so. The Group Companies on a consolidated basis are not, as of the date hereof, Insolvent.
Appears in 2 contracts
Samples: Merger Agreement (51job, Inc.), Merger Agreement (Yan Rick)
No Secured Creditors; Solvency. (a) The No Group Company does not have has any secured creditors holding a fixed or floating security interest.
(b) No Group Company has taken any steps to seek protection pursuant to any bankruptcy Law, nor does the Company have any knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy proceedings or any knowledge of any fact which would reasonably lead a creditor to do so. The Group Companies on a consolidated basis are not, as of the date hereof, Insolvent.
Appears in 2 contracts
Samples: Merger Agreement (Tang Liang), Merger Agreement (Ossen Innovation Co. Ltd.)
No Secured Creditors; Solvency. (a) The No Group Company does not have has any secured creditors holding a fixed or floating security interest.
(b) No Group Company has taken any steps to seek protection pursuant to any bankruptcy Lawlaw, nor does the Company have any knowledge Knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy proceedings or any knowledge Knowledge of any fact which would reasonably lead a creditor to do so. The Each Group Company and the Group Companies on a consolidated basis are not, as of the date hereof, and after giving effect to the Transactions to occur at the Closing will not be, Insolvent.
Appears in 1 contract
Samples: Merger Agreement (Kongzhong Corp)
No Secured Creditors; Solvency. (a) The No Group Company does not have has any secured creditors holding a fixed or floating security interest.
(b) No Group Company has taken any steps to seek protection pursuant to any bankruptcy Lawlaw, nor does the Company have any knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy proceedings or any knowledge of any fact which would reasonably lead a creditor to do so. The Group Companies on a consolidated basis are not, as of the date hereof, Insolvent.
Appears in 1 contract
No Secured Creditors; Solvency. (a) The No Group Company does not have has any secured creditors holding a fixed or floating security interest.
(b) No Group Company has taken any steps to seek protection pursuant to any bankruptcy Lawlaw, nor does the Company have any knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy proceedings or any knowledge of any fact which would reasonably lead a creditor to do so. The Each Group Company and the Group Companies on a consolidated basis are not, as of the date hereof, and after giving effect to the Transactions to occur at the Closing will not be, Insolvent.
Appears in 1 contract
Samples: Merger Agreement (Mindray Medical International LTD)
No Secured Creditors; Solvency. (a) The No Group Company does not have has any secured creditors holding a fixed or floating security interest.
(b) No Group Company has taken any steps to seek protection pursuant to any bankruptcy Lawlaw, nor does the Company have any knowledge or reason to believe that its creditors intend to initiate involuntary bankruptcy proceedings or any knowledge of any fact which would reasonably lead a creditor to do so. The Group Companies on a consolidated basis are not, as of the date hereof, and after giving effect to the Transactions to occur at the Closing will not be, Insolvent.
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