Common use of Ability to Pay Debts Clause in Contracts

Ability to Pay Debts. Neither as a result of the transactions contemplated by this Agreement nor otherwise does the Company believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or by-laws. The Company'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: Subsequent Contract Transfer Agreement (Dvi Receivables Corp Viii), Subsequent Contract Transfer Agreement (Dvi Receivables Corp Viii), Subsequent Contract Transfer Agreement (Dvi Receivables Corp Viii)

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Ability to Pay Debts. Neither as a result of the transactions contemplated by this Agreement nor otherwise does the Company believe that it will incur debts beyond its ability to pay or which would be prohibited by its charter documents or by-lawsbylaws. The Company'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: Contribution and Servicing Agreement (Dvi Receivables Corp Viii)

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