Common use of Bankruptcy Matters Clause in Contracts

Bankruptcy Matters. Seller has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its creditors, suffered the appointment of a receiver to take possession of substantially all of its assets, suffered the attachment or other judicial seizure of substantially all of its assets, admitted its inability to pay its debts as they come due, or made an offer of settlement, extension or composition to its creditors generally.

Appears in 28 contracts

Samples: Membership Interest Purchase Agreement, Agreement of Purchase and Sale (Plymouth Industrial REIT Inc.), Agreement of Purchase and Sale (Plymouth Industrial REIT Inc.)

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Bankruptcy Matters. Seller has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its creditors, suffered the appointment of a receiver to take possession of all or substantially all of its assets, suffered the attachment or other judicial seizure of all or substantially all of its assets, admitted its inability to pay its debts as they come due, or made an offer of settlement, extension or composition to its creditors generally.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Cornerstone Core Properties REIT, Inc.), Purchase and Sale Agreement (Summit Healthcare REIT, Inc)

Bankruptcy Matters. Seller Buyer has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its creditors, suffered the appointment of a receiver to take possession of all or substantially all of its assets, suffered the attachment or other judicial seizure of all or substantially all of its assets, admitted its inability to pay its debts as they come due, or made an offer of settlement, extension or composition to its creditors generally.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Cornerstone Core Properties REIT, Inc.), Purchase and Sale Agreement (Summit Healthcare REIT, Inc)

Bankruptcy Matters. Such Seller has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its creditors, suffered the appointment of a receiver to take possession of substantially all of its assets, suffered the attachment or other judicial seizure of substantially all of its assets, admitted its inability to pay its debts as they come due, or made an offer of settlement, extension or composition to its creditors generally.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (United Dominion Realty Trust Inc), Agreement of Purchase and Sale (Essex Property Trust Inc)

Bankruptcy Matters. Seller has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its Seller's creditors, suffered the appointment of a receiver to take possession of substantially all of its Seller's assets, suffered the attachment or other judicial seizure of substantially all of its Seller's assets, admitted its Seller's inability to pay its Seller's debts as they come due, or made an offer of settlement, extension or composition to its Seller's creditors generally.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Netreit, Inc.)

Bankruptcy Matters. Seller has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its creditors, suffered the appointment of a receiver to take possession of substantially all of its assets, suffered the attachment or other judicial seizure of substantially all of its assets, admitted its inability to pay its debts as they come due, due or made an offer of settlement, extension or composition to its creditors generally.

Appears in 1 contract

Samples: Lease and Option Agreement (Griffin Land & Nurseries Inc)

Bankruptcy Matters. Seller has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its creditors, suffered the appointment of a receiver to take possession of substantially all of its assets, suffered the attachment or other judicial seizure of substantially all of its assets, admitted its inability to pay its debts as they come due, or made an offer of settlement, extension extension, or composition to its creditors generally.

Appears in 1 contract

Samples: Contract of Sale (Invitrogen Corp)

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Bankruptcy Matters. No Seller has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its creditors, suffered the appointment of a receiver to take possession of substantially all of its assets, suffered the attachment or other judicial seizure of substantially all of its assets, admitted its inability to pay its debts as they come due, or made an offer of settlement, extension or composition to its creditors generally.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Blackstone Real Estate Income Trust, Inc.)

Bankruptcy Matters. Seller has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its Seller’s creditors, suffered the appointment of a receiver to take possession of substantially all any of its Seller’s assets, suffered the attachment or other judicial seizure of substantially all any of its Seller’s assets, admitted its Seller’s inability to pay its Seller’s debts as they come due, or made an offer of settlement, extension or composition to its Seller’s creditors generally.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Deckers Outdoor Corp)

Bankruptcy Matters. Seller has not made a general assignment for the benefit of creditors, filed any voluntary petition in bankruptcy or suffered the filing of an involuntary petition by its creditors, suffered the appointment of a receiver to take possession of substantially all of its assets, suffered the attachment or other judicial seizure of substantially all of its assets, admitted its inability to pay its debts as they come due, or made an offer of settlement, extension or of composition to its creditors generally.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Plymouth Industrial REIT Inc.)

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