Not Bankrupt or Insolvent. The Debtor represents and warrants to the Creditor that it is not bankrupt, insolvent or subject to any legal form of reorganization, moratorium, preference or other law or regulation relating to or affecting the enforceability of creditors’ rights generally.
Not Bankrupt or Insolvent. Borrower represents and warrants to the Lender that the Borrower has not made any assignment for the benefit of creditors, nor has any receiving order been made against the Borrower under the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, or other applicable bankruptcy and insolvency legislation, nor has any petition for such an order been served on the Borrower, nor any proceedings initiated or contemplated under the provisions of the Winding-Up and Restructuring Act, R.S.C. 1985, c. W-11, or the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, nor has any receiver, receiver and manager, monitor, custodian or official with similar powers been appointed by court order or privately respecting the Borrower or any of its assets.
Not Bankrupt or Insolvent. Borrower represents and warrants to the City that the Borrower has not made any assignment for the benefit of creditors, nor has any receiving order been made against the Borrower under the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, or other applicable bankruptcy and insolvency legislation, nor has any petition for such an order been served on the Borrower, nor any proceedings initiated or contemplated under the provisions of the Winding-Up and Restructuring Act, R.S.C. 1985, c. W-11, or the Companies’ Creditors Arrangement Act,
Not Bankrupt or Insolvent. Borrower represents and warrants to the Lender that the Borrower has not made any assignment for the benefit of creditors, nor has any receiving order been made against the Borrower under the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, or other applicable bankruptcy and insolvency legislation, nor has any petition for such an order been served on the Borrower, nor any proceedings initiated or contemplated, nor has any receiver, receiver and manager, monitor, custodian or official with similar powers been appointed by court order or privately respecting the Borrower or any of its assets.
