Common use of Ability to Pay Debts Clause in Contracts

Ability to Pay Debts. The Seller does not believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or limited liability company agreement as a result of the transactions contemplated by this Assignment and Servicing Agreement or otherwise. The Seller's assets and cash flow enable it to meet its present obligations in the ordinary course of business as they become due.

Appears in 9 contracts

Samples: Assignment and Servicing Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables Funding LLC), Assignment and Servicing Agreement (Ikon Receivables Funding LLC)

AutoNDA by SimpleDocs

Ability to Pay Debts. The Neither as a result of the transaction contemplated by this Sales and Servicing Agreement nor otherwise does the Seller does not believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or limited liability company agreement as a result of the transactions contemplated by this Assignment and Servicing Agreement or otherwiseby-laws. The Seller's assets and cash flow enable it to meet its present obligations in the ordinary course of business as they become due.

Appears in 5 contracts

Samples: Sales and Servicing Agreement (Copelco Capital Funding Corp X), Sales and Servicing Agreement (Copelco Capital Funding Corp X), Sales and Servicing Agreement (Copelco Capital Funding Corp X)

Ability to Pay Debts. The Neither as a result of the transaction contemplated by this Seller Contribution and Sale Agreement nor otherwise does not the Seller believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or limited liability company agreement as a result of the transactions contemplated by this Assignment and Servicing Agreement or otherwiseby-laws. The Seller's assets and cash flow enable it to meet its present obligations in the ordinary course of business as they become due.

Appears in 2 contracts

Samples: Contribution and Sale Agreement (Charter Equipment Lease 1998-1 LLC), Contribution and Sale Agreement (Charter Equipment Lease 1998-1 LLC)

Ability to Pay Debts. The Neither as a result of the transactions contemplated by this Purchase Agreement nor the other Transaction Documents nor otherwise does the Seller does not believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or limited liability company agreement as a result of pay. After giving effect to the transactions contemplated by this Assignment and Servicing Agreement or otherwise. The completed hereby, the Seller's assets and cash flow enable it to meet its present obligations in the ordinary course of business as they become due.;

Appears in 1 contract

Samples: Purchase Agreement (Cronos Group)

Ability to Pay Debts. The Neither as a result of the transaction contemplated by this Assignment and Servicing Agreement nor otherwise does the Seller does not believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or limited liability company agreement as a result of the transactions contemplated by this Assignment and Servicing Agreement or otherwiseby-laws. The Seller's assets and cash flow enable it to meet its present obligations in the ordinary course of business as they become due.

Appears in 1 contract

Samples: Assignment and Servicing Agreement (Ikon Receivables LLC)

AutoNDA by SimpleDocs

Ability to Pay Debts. The Neither as a result of the transactions contemplated by this Purchase Agreement nor the other Transaction Documents nor otherwise does the Seller does not believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or limited liability company agreement as a result of pay. After giving effect to the transactions contemplated by this Assignment and Servicing Agreement or otherwise. The completed hereby, the Seller's ’s assets and cash flow enable it to meet its present obligations in the ordinary course of business as they become due.;

Appears in 1 contract

Samples: Purchase Agreement (Cronos Group)

Ability to Pay Debts. The Neither as a result of the transactions contemplated by this Sales and Servicing Agreement nor otherwise does such Seller does not believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or limited liability company agreement as a result of the transactions contemplated by this Assignment and Servicing Agreement or otherwisebylaws. The Such Seller's assets and cash flow enable it to meet its present obligations in the ordinary course of business as they become due.

Appears in 1 contract

Samples: Sales and Servicing Agreement (Essex International Inc /)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!