Common use of No Pending Insolvency Clause in Contracts

No Pending Insolvency. Any borrowings made by Borrower subject to this Agreement do not and shall not render Borrower insolvent; Borrower is not contemplating the filing of a petition under any state, federal or provincial bankruptcy or insolvency laws or a petition for the liquidation of or to appoint a receiver for all or a major portion of its property, nor does Borrower have any knowledge of any person contemplating the filing of any such petition against Borrower or its assets.

Appears in 2 contracts

Samples: Assignment and Assumption, Consent and Modi Ficatjon Agreement (Turnpoint Medical Devices, Inc.), Loan and Security Agreement (Turnpoint Medical Devices, Inc.)

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No Pending Insolvency. Any borrowings made by Borrower subject to this Agreement do not and shall not render Borrower insolvent; Borrower is not contemplating the filing of a petition under any state, state or federal or provincial bankruptcy or insolvency laws or a petition for the liquidation of or to appoint a receiver for all or a major portion of its property, nor does Borrower have any knowledge of any person contemplating the filing of any such petition against Borrower or its assets.does

Appears in 1 contract

Samples: Credit Agreement (Bacou Usa Inc)

No Pending Insolvency. Any borrowings made by funds advanced to the Borrower subject to under this Agreement do not and shall will not render the Borrower insolvent; the Borrower is not contemplating either the filing of a petition under any state, state or federal or provincial bankruptcy or insolvency laws or a petition for the liquidation of or to appoint a receiver for all or a major portion of its property, nor does property and the Borrower have any has no knowledge of any person Person contemplating the filing of any such petition against Borrower or its assetsBorrower.

Appears in 1 contract

Samples: Loan Agreement (HappyNest REIT, Inc.)

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No Pending Insolvency. Any borrowings made by funds advanced to Borrower subject to under this Agreement do not and shall not render Borrower insolvent; Borrower Bxxxxxxx is not contemplating either the filing of a petition under any state, state or federal or provincial bankruptcy or insolvency laws laws, or a petition for the liquidation of or to appoint a receiver for all or a major portion of its property, nor does property and Borrower have any has no knowledge of any person Person contemplating the filing of any such petition against Borrower or its assetsit.

Appears in 1 contract

Samples: Loan Agreement (Procaccianti Hotel Reit, Inc.)

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