REPRESENTATION OF SOLVENCY. The Insured represents that the Insured is not insolvent nor presently the subject of any insolvency proceeding.
REPRESENTATION OF SOLVENCY. The insured represents that the insured is not insolvent or presently the subject of any insolvency proceeding.
REPRESENTATION OF SOLVENCY. Buyer agrees to neither order nor accept Materials from Seller while insolvent within the meaning of Section 1.201(23) of the Texas Business and Commerce Code (“UCC”). Every order placed, or delivery accepted, while insolvent shall constitute a written misrepresentation of solvency to Seller within the meaning of Section 2.702(b) of the UCC, or any successor Section of the UCC.
REPRESENTATION OF SOLVENCY. The Insured represents that the Insured is not insolvent nor presently the subject of any insolvency proceeding. COLLATERAL. To secure payment of all amounts due under this agreement, Insured grants VALUE a security interest in the policies, including all return premiums which reduce unearned premiums, subject to any mortgagee or loss payee interest.
REPRESENTATION OF SOLVENCY. The Assignor declares that no proceedings in bankruptcy are pending against the Assignor and that the Trust property is not subject to any assignment for the benefit of creditors.
REPRESENTATION OF SOLVENCY. Buyer represents that by placing its order it hereby acknowledges that it is not insolvent as that term is defined in section 1-201(23) of the Uniform Commercial Code. In the event that Xxxxx becomes insolvent before delivery of products, it will notify Seller. Failure to notify Seller shall constitute a written reaffirmation of Buyers solvency at the time of delivery.
REPRESENTATION OF SOLVENCY. Buyer represents that buyer is solvent and has assets sufficient to meet all of its financial obligations, and that it is current on all of its financial obligations. Buyer further represents that it can and will meet all its financial obligations to seller on time. Xxxxx understands seller relies on this promise and that any breach is material and substantial and to the essence of the contract.
REPRESENTATION OF SOLVENCY. As of the date of this Agreement, Debtor is solvent within the meaning of the Indiana Uniform Commercial Code and the Federal Bankruptcy Law.
