Absence of Insolvency Proceedings. As of the Closing Date, neither the Parent nor any of its Subsidiaries has instituted or consented to the institution of any proceeding under any Debtor Relief Law, and no proceeding under any Debtor Relief Law relating to it or to all or any material part of its property has been instituted without its consent.
Absence of Insolvency Proceedings. The Buyer has not committed any act that constitutes a suspension of payment and is not insolvent. Insolvency Proceedings have not been commenced against the Buyer, and there are no facts that could cause Insolvency Proceedings to be commenced against the Buyer. The Buyer has not filed for the commencement of Insolvency Proceedings on its own behalf, nor has any third party filed such proceedings. The execution or performance of the Agreement has not caused or is not likely to cause the Buyer to become insolvent.
Absence of Insolvency Proceedings. As of the date hereof there is no insolvency proceeding of any character, voluntary or involuntary, relating to ALRe, which is pending or, to the best of ALRe's knowledge, threatened. ALRe has not made any assignment for the benefit of creditors or taken any action with a view to, or which would constitute a basis for, the institution of an insolvency proceeding.
Absence of Insolvency Proceedings. As of the date hereof --------------------------------- there is no bankruptcy, reorganization or insolvency proceeding of any character, voluntary or involuntary, relating to Rainbow, any of its Affiliates, any Contributed Business or Rainbow Advertising or, to the best knowledge of Rainbow, affecting any partner in a Contributed Business which is pending or, to the best knowledge of Rainbow, threatened. None of Rainbow, any of its Affiliates, any Contributed Business or Rainbow Advertising has made any assignment for the benefit of creditors or taken any action with a view to, or which would constitute a basis for, the institution of a bankruptcy, reorganization or insolvency proceeding.
Absence of Insolvency Proceedings. As of the date hereof --------------------------------- there is no bankruptcy, reorganization or insolvency proceeding of any character, voluntary or involuntary, relating to Fox/Liberty, any of its Affiliates, Fox Sports Net or Fox/Liberty Advertising or, to the best knowledge of Fox/Liberty, affecting any partner in Fox Sports Net which is pending or, to the best knowledge of Fox/Liberty, threatened. None of Fox/Liberty, any of its Affiliates, Fox Sports Net or Fox/Liberty Advertising has made any assignment for the benefit of creditors or taken any action with a view to, or which would constitute a basis for, the institution of a bankruptcy, reorganization or insolvency proceeding.
Absence of Insolvency Proceedings. There is no bankruptcy, reorganization or insolvency proceeding of any character, voluntary or involuntary, relating to any of the Underlying Businesses or, to the knowledge of Rainbow, affecting any partner in an Underlying Business (other than Comcast or its Affiliates) which is pending or, to the knowledge of Rainbow, threatened. None of the Underlying Businesses has made any assignment for the benefit of creditors or taken any action with a view to, or which would constitute a basis for, the institution of a bankruptcy, reorganization or insolvency proceeding.
Absence of Insolvency Proceedings. There is no bankruptcy, reorganization or insolvency proceeding of any character, voluntary or involuntary, relating to Comcast or any of its Affiliates which is pending or, to the knowledge of Comcast, threatened. None of Comcast or any of its Affiliates has made any assignment for the benefit of creditors or taken any action with a view to, or which would constitute a basis for, the institution of a bankruptcy, reorganization or insolvency proceeding.
