Common use of Seller’s Financial Condition Clause in Contracts

Seller’s Financial Condition. No insolvency proceedings of ---------------------------- any character, including, without limitation, bankruptcy, receivership, reorganization, composition or arrangement with creditors, voluntary or involuntary, affecting Seller or of any of its respective assets or properties are pending, or to the best of Seller's knowledge, threatened, and Seller has made no assignment for the benefit of creditors, nor taken any action with a view to, or which would constitute a basis for, the institution of any such insolvency proceedings. Seller shall use the proceeds received under this agreement to pay or to make appropriate provision for the payment of any and all creditors of Seller prior to making any material distribution to its shareholders, except as required to pay taxes.

Seller’s Financial Condition. No insolvency proceedings of ---------------------------- any character, including, without limitation, bankruptcy, receivership, reorganization, composition or arrangement with creditors, voluntary or involuntary, affecting Seller or of any of its respective assets or properties are pending, or to the best of Seller's knowledge, threatened, and Seller has made no assignment for the benefit of creditors, nor taken any action with a view to, or which would constitute a basis for, the institution of any such insolvency proceedings. Seller shall use the proceeds received under this agreement Agreement to pay or to make appropriate provision for the payment of any and all creditors of Seller prior to making any material distribution to its shareholders, except as required to pay taxes.

Seller’s Financial Condition. No insolvency proceedings of ---------------------------- any character, including, without limitation, bankruptcy, receivership, reorganization, composition or arrangement with creditors, voluntary or involuntary, affecting in respect of Seller or of any of its respective assets or properties are pending, or to the best Knowledge of Seller's knowledge, threatened, and Seller has not made no any assignment for the benefit of creditors, nor taken any action with a view to, or which that would constitute a basis for, the institution of any such insolvency proceedings. Seller shall use the proceeds received under this agreement Agreement to pay or to make appropriate provision for the payment of any and all creditors of Seller that Seller determines, in its reasonable and independent business judgment, should be paid prior to making any material distribution to its shareholders, except as required to pay taxesUnitholders.

Seller’s Financial Condition. No insolvency proceedings of any ---------------------------- any character, including, without limitation, bankruptcy, receivership, reorganization, composition or arrangement with creditors, voluntary or involuntary, affecting Seller Sellers or of any of its their respective assets or properties are pending, or to the best of Seller's Sellers' knowledge, threatened, and Seller has Sellers have made no assignment for the benefit of creditors, nor taken any action with a view to, or which would constitute a basis for, the institution of any such insolvency proceedings. Seller Sellers shall use the proceeds received under this agreement to pay or to make appropriate provision for the payment of any and all creditors of Seller Sellers prior to making any material distribution to its shareholders, except as required to pay taxes.

Seller’s Financial Condition. No insolvency proceedings of any ---------------------------- any character, including, without limitation, bankruptcy, receivership, reorganization, composition or arrangement with creditors, voluntary or involuntary, affecting Seller or of any of its respective assets or properties are pending, or to the best of Seller's knowledge, threatened, and Seller has made no assignment for the benefit of creditors, nor taken any action with a view to, or which would constitute a basis for, the institution of any such insolvency proceedings. Seller shall use the proceeds received under this agreement Agreement to pay or to make appropriate provision for the payment of any and all creditors of Seller prior to making any material distribution to its shareholders, except as required to pay taxes.

Seller’s Financial Condition. No insolvency proceedings of ---------------------------- any character, including, without limitation, bankruptcy, receivership, reorganization, composition or arrangement with creditors, voluntary or involuntary, affecting Seller or of any of its respective assets or properties are pending, or to the best of Seller's knowledge, threatened, and Seller has made no assignment for the benefit of creditors, nor taken any action with a view to, or which would constitute a basis for, the institution of any such insolvency proceedings. Seller shall use the proceeds received under this agreement Agreement to pay or to make appropriate provision for the payment of any and all creditors of Seller prior to making any material distribution to its shareholders, except as required to pay taxespartners.