Common use of Certain Actions by Buyer Clause in Contracts

Certain Actions by Buyer. Buyer has not: (1) made a general assignment for the benefit of creditors, (2) filed any voluntary petition in bankruptcy or suffered the filing of any involuntary petition by Buyer's creditors, (3) suffered the appointment of a receiver to take possession of all or substantially all of Buyer's assets, (4) suffered the attachment or other judicial seizure of all, or substantially all, of Buyer's assets, (5) admitted in writing Buyer's inability to pay its debts as they come due, or (6) made an offer of settlement, extension, or composition to its creditors generally.