Common use of Adequate Capital, Not Insolvent Clause in Contracts

Adequate Capital, Not Insolvent. After giving effect to the consummation of the transactions contemplated by the Lease Documents, each member of the Leasing Group: (a) will be able to pay its debts as they become due; (b) will have sufficient funds or available capital to carry on its business as now conducted or as contemplated to be conducted (in accordance with the terms of the Lease Documents); and (c) will not be rendered insolvent as determined by applicable law.

Appears in 3 contracts

Samples: Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\), Facility Lease Agreement (Emeritus Corp\wa\)

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Adequate Capital, Not Insolvent. After giving effect to the consummation of the transactions contemplated by the Lease Documents, each member of the Leasing Group: (a) will be able to pay its debts as they become due; (b) will have sufficient funds or available capital to carry on its business as now conducted or as 41 contemplated to be conducted (in accordance with the terms of the Lease Documents); and (c) will not be rendered insolvent as determined by applicable law.

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

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