Common use of Borrower is Solvent Clause in Contracts

Borrower is Solvent. No transfer of property is being made by Borrower and no obligation is being incurred by Borrower in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of Borrower.

Appears in 41 contracts

Samples: Loan and Security Agreement (ScripsAmerica, Inc.), Loan and Security Agreement (Zynex Inc), Credit Agreement (Landec Corp \Ca\)

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Borrower is Solvent. No transfer of property is being made by Borrower and no obligation is being incurred by Borrower in connection with the transactions contemplated by this Agreement Agreement, or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Intergraph Corp)

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Borrower is Solvent. (b) No transfer of property is being made by Borrower and no obligation is being incurred by Borrower in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Peninsula Gaming Corp)

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