Common use of Voluntary Insolvency Clause in Contracts

Voluntary Insolvency. SAN MATEO(i) is generally not paying its debts as they become due, (ii) files, or consents by answer or otherwise to the filing against it of, a petition for relief or reorganization or arrangement or any other petition in bankruptcy or for liquidation or to take advantage of any bankruptcy, insolvency or other debtors' relief law of any jurisdiction,

Appears in 2 contracts

Samples: Distribution Agreement, Distribution Agreement

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Voluntary Insolvency. SAN MATEO(iSan Mateo (i) is generally not paying its debts as they become due, (ii) files, or consents by answer or otherwise to the filing against it of, a petition for relief or reorganization or arrangement or any other petition in bankruptcy or for liquidation or to take advantage of any bankruptcy, insolvency or other debtors' relief law of any jurisdiction,

Appears in 2 contracts

Samples: Distribution Agreement, Cops Grant Agreement

Voluntary Insolvency. SAN MATEO(iMATEO (i) is generally not paying its debts as they become due, (ii) files, or consents by answer or otherwise to the filing against it of, a petition for relief or reorganization or arrangement or any other petition in bankruptcy or for liquidation or to take advantage of any bankruptcy, insolvency or other debtors' relief law of any jurisdiction,

Appears in 1 contract

Samples: Distribution Agreement

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Voluntary Insolvency. SAN MATEO(iSan Mateo(i) is generally not paying its debts as they become due, (ii) files, or consents by answer or otherwise to the filing against it of, a petition for relief or reorganization or arrangement or any other petition in bankruptcy or for liquidation or to take advantage of any bankruptcy, insolvency or other debtors' relief law of any jurisdiction,

Appears in 1 contract

Samples: Distribution Agreement

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