Adequate Financial Means Sample Clauses

Adequate Financial Means. (a) Guarantor is not, and will not as a ------------------------ result of the execution and delivery of this Guaranty, be rendered insolvent, (b) Guarantor does not intend to incur, or believe it is incurring, obligations beyond its ability to pay and (c) Guarantor's property remaining after the delivery and performance of this Guaranty will not constitute unreasonably small capital.
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Adequate Financial Means. The Shareholder and Intermediate Shareholder (i) has capital sufficient to carry on its businesses and transactions and all businesses and transactions in which it is about to engage, (ii) is able to pay its debts as they mature and (iii) owns property and other assets having a value, both at fair valuation and at present fair saleable value, greater than the total amount of the probable liabilities of such Shareholder Party on its debts and obligations as they become absolute and matured.
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Adequate Financial Means. (a) TECO is not, and will not as a result of ------------------------ the execution and delivery of this Undertaking, be rendered insolvent, (b) TECO does not intend to incur, or believe it is incurring, obligations beyond its ability to pay, (c) TECO is not executing this Undertaking with any intention to hinder, delay or defraud any present or future creditor or creditors of TECO and (d) TECO's property remaining after the delivery and performance of this Undertaking will not constitute unreasonably small capital.
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Adequate Financial Means. (a) After giving effect to the transactions contemplated by this Guaranty and the contingent obligations evidenced hereby (but excluding the effect of the provisions of Section 6.1 which limit the Guaranteed Obligations to an amount that would not render Guarantor's indebtedness, liabilities or obligations under this Guaranty subject to avoidance), Guarantor is Solvent.
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Adequate Financial Means. (a) After giving effect to the transactions contemplated by this Guaranty and the contingent obligations evidenced hereby, such Guarantor is Solvent, both on an unconsolidated basis and a consolidated basis with any subsidiaries of the Guarantors.
Sample 1

Related to Adequate Financial Means

  • Financial Matters 9.1. The School shall maintain accurate and comprehensive financial records, operate in accordance with Generally Accepted Accounting Principles, and use public funds in a fiscally responsible manner.

  • Basic Financial Information and Reporting (a) The Company will maintain true books and records of account in which full and correct entries will be made of all its business transactions pursuant to a system of accounting established and administered in accordance with generally accepted accounting principles consistently applied, and will set aside on its books all such proper accruals and reserves as shall be required under generally accepted accounting principles consistently applied.

  • Investment Company; Public Utility Holding Company Neither the Company nor any Subsidiary is an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, or a "public utility holding company" within the meaning of the Public Utility Holding Company Act of 1935, as amended.

  • Certain Financial Information Within twenty-five (25) Business Days after the end of each month between the date hereof and the earlier of the Closing Date and the date on which this Agreement is terminated, the Company shall deliver to Parent unaudited consolidated financial information for such month and management commentary on the business performance during such month.

  • Financial Information and Reporting (a) The Company will maintain true books and records of account in which full and correct entries will be made of all its business transactions pursuant to a system of accounting established and administered in accordance with generally accepted accounting principles consistently applied (except as noted therein or as disclosed to the recipients thereof), and will set aside on its books all such proper accruals and reserves as shall be required under generally accepted accounting principles consistently applied.

  • Margin Regulations; Investment Company Act; Public Utility Holding Company Act (a) The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock.

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