Common use of No Proceedings for Dissolution Clause in Contracts

No Proceedings for Dissolution. No act or proceeding has been taken by or against the Company or the Subsidiaries in connection with their liquidation, winding-up or bankruptcy, or to the knowledge of the Company, are pending. The Company and the Subsidiaries are not insolvent and are able to meet all of their respective financial liabilities as they become due and no winding-up, liquidation, dissolution or bankruptcy proceedings have been commenced or are being commenced or contemplated by the Company or the Subsidiaries, and, no merger, consolidation, amalgamation, sale of all or substantially all of the assets or sale of the business transactions have been commenced or are being commenced or contemplated by the Company or the Subsidiaries and the Company has no knowledge of any such proceedings or transactions having been commenced or being contemplated in respect of the Company or the Subsidiaries by any other party.

No Proceedings for Dissolution. No act or proceeding has been taken by or against the Company Corporation or the Subsidiaries in connection with their liquidation, winding-up or bankruptcy, or to the knowledge of the CompanyCorporation, are pending. ; The Company Corporation and the Subsidiaries are not insolvent and are able to meet all of their respective financial liabilities as they become due and no winding-up, liquidation, dissolution or bankruptcy proceedings have been commenced or are being commenced or contemplated by the Company Corporation or the Subsidiaries, and, no merger, consolidation, amalgamation, sale of all or substantially all of the assets or sale of the business transactions have been commenced or are being commenced or contemplated by the Company Corporation or the Subsidiaries and the Company Corporation has no knowledge of any such proceedings or transactions having been commenced or being contemplated in respect of the Company Corporation or the Subsidiaries by any other party.