Common use of Ability to Pay Debts Clause in Contracts

Ability to Pay Debts. The Originator does not believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or by-laws as a result of the transactions contemplated by this Assignment and Servicing Agreement or otherwise. The Originator'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 LLC), Assignment and Servicing Agreement (Ikon Receivables LLC)

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Ability to Pay Debts. The Neither as a result of the transaction contemplated by this Assignment and Servicing Agreement nor otherwise does the Originator does not believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or by-laws as a result of the transactions contemplated by this Assignment and Servicing Agreement or otherwiselaws. The Originator'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)

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Ability to Pay Debts. The Neither as a result of the transaction contemplated by this Sales and Servicing Agreement nor otherwise does the Originator does not believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or by-laws as a result of the transactions contemplated by this Assignment and Servicing Agreement or otherwiselaws. The Originator'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 (Copelco Capital Funding Corp Xi)

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