Compromises with Creditors. (a) No voluntary arrangement under section 1 of the Insolvency ▇▇▇ ▇▇▇▇ has been proposed or approved in respect of the Company. (b) No compromise or arrangement under section 425 of the Companies ▇▇▇ ▇▇▇▇ has been proposed, agreed to or sanctioned in respect of the Company. (c) The Company has not entered into any compromise or arrangement with its creditors or any class of its creditors generally.
Appears in 2 contracts
Sources: Agreement for the Sale and Purchase of Shares (Big Flower Holdings Inc/), Agreement for the Sale and Purchase of Shares (Big Flower Holdings Inc/)
Compromises with Creditors. (a) No voluntary arrangement under section 1 of the Insolvency ▇▇▇ ▇▇▇▇ has been proposed or approved in respect of the CompanyCompany or any of the Sellers.
(b) No compromise or arrangement under section 425 of the Companies ▇▇▇ ▇▇▇▇ has been proposed, agreed to or sanctioned in respect of the CompanyCompany or any of the Sellers.
(c) The Neither the Company has not nor any of their Sellers have entered into any compromise or arrangement with its any of the respective creditors or any class of its their respective creditors generally.
Appears in 1 contract
Sources: Share Purchase Agreement (Herley Industries Inc /New)
Compromises with Creditors. (a) No voluntary arrangement under section 1 of the Insolvency Act ▇▇▇▇ ▇▇▇▇ has been proposed or approved in respect of the Company.
(b) No compromise or arrangement under section 425 of the Companies Act ▇▇▇▇ ▇▇▇▇ has been proposed, agreed to or sanctioned in respect of the Company.
(c) The Neither the Company nor Clarendon has not entered into any compromise or arrangement with its any of their respective creditors or any class of its their respective creditors generally.
Appears in 1 contract