Normal Business. Buyer ceases to conduct business in the normal course, becomes insolvent, enters into suspension of payments, moratorium, reorganization or bankruptcy, makes a general assignment for the benefit of creditors, admits in writing its inability to pay debts as they mature, suffers or permits the appointment of a receiver for its business or assets, or avails itself of or becomes subject to any other judicial or administrative proceeding that relates to insolvency or protection of creditors’ rights.
Appears in 2 contracts
Samples: Sales Agreement, Manufacturing Sales Agreement (Natural Alternatives International Inc)
Normal Business. Buyer Seller ceases to conduct business in the normal course, becomes insolvent, enters into suspension of payments, moratorium, reorganization or bankruptcy, makes a general assignment for the benefit of creditors, admits in writing its inability to pay debts as they mature, suffers or permits the appointment of a receiver for its business or assets, or avails itself of or becomes subject to any other judicial or administrative proceeding that relates to insolvency or protection of creditors’ rights.
Appears in 2 contracts
Samples: Sales Agreement, Manufacturing Sales Agreement (Natural Alternatives International Inc)
Normal Business. Buyer SELLER ceases to conduct business in the normal course, becomes insolvent, enters into suspension of payments, moratorium, reorganization or bankruptcy, makes a general assignment for the benefit of creditors, admits in writing its inability to pay debts as they mature, suffers or permits the appointment of a receiver for its business or assets, or avails itself of or becomes subject to any other judicial or administrative proceeding that relates to insolvency or protection of creditors’ rights.
Appears in 1 contract
Samples: Mannatech Inc
Normal Business. Buyer Seller ceases to conduct business in the normal course, ; becomes insolvent, ; enters into suspension of payments, moratorium, reorganization reorganization, or bankruptcy, ; makes a general assignment for the benefit of creditors, ; admits in writing its inability to pay debts as they mature, ; suffers or permits the appointment of a receiver for its business or assets, ; or avails itself of or becomes subject to any other judicial or administrative proceeding that relates to insolvency or protection of creditors’ rights.
Appears in 1 contract
Samples: Purchase Agreement (Mannatech Inc)
Normal Business. Buyer BUYER ceases to conduct business in the normal course, becomes insolvent, enters into suspension of payments, moratorium, reorganization or bankruptcy, makes a general assignment for the benefit of creditors, admits in writing its inability to pay debts as they mature, suffers or permits the appointment of a receiver for its business or assets, or avails itself of or becomes subject to any other judicial or administrative proceeding that relates to insolvency or protection of creditors’ rights.
Appears in 1 contract
Samples: Mannatech Inc