Capital. Borrower has capital sufficient to conduct its business, is able to pay its debts as they mature, and owns property having a fair salable value greater than the amount required to pay all of its debts (including contingent debts);
Appears in 16 contracts
Samples: Loan and Security Agreement (Rockford Corp), Loan and Security Agreement (Community Medical Transport Inc), Loan and Security Agreement (Nstor Technologies Inc)
Capital. Borrower has capital sufficient to conduct its business, is able to pay its debts as they mature, mature and owns property having a fair salable value greater than the amount required to pay all of its debts (including contingent debts);
Appears in 5 contracts
Samples: Loan and Security Agreement (Collectors Universe Inc), Loan and Security Agreement (Praegitzer Industries Inc), Loan and Security Agreement (I Sector Corp)
Capital. Borrower and each of its Subsidiaries has capital sufficient to conduct its business, is able to pay its debts as they mature, mature and owns property having a fair salable value greater than the amount required to pay all of its debts (including contingent debts);.
Appears in 2 contracts
Samples: Loan Agreement (Emtec Inc/Nj), Loan and Security Agreement (Emtec Inc/Nj)
Capital. Borrower It has capital sufficient to conduct its business, is able to pay its debts as they mature, and owns property having a fair salable value greater than the amount required to pay all of its debts (including contingent debts);
Appears in 2 contracts
Samples: Loan and Security Agreement (Digital Solutions Inc), Loan and Security Agreement (Digital Solutions Inc)
Capital. Borrower has capital sufficient to conduct its business, business and is able to pay its debts as they mature, mature and owns property having a fair salable value greater than the amount required to pay all of its debts (including contingent debts);
Appears in 2 contracts
Samples: Loan and Security Agreement (Intellicall Inc), Loan and Security Agreement (Avery Communications Inc)
Capital. Borrower has capital sufficient to conduct its business, is able to pay its debts as they mature, and owns property having a fair salable value greater than the amount required to pay all of its debts (including contingent debts)as required to be accounted for under GAAP;
Appears in 2 contracts
Samples: Loan and Security Agreement (Usa Detergents Inc), Loan and Security Agreement (Usa Detergents Inc)
Capital. Each Borrower has capital sufficient to conduct its business, is able to pay its debts as they mature, and owns property having a fair salable value greater than the amount required to pay all of its debts (including contingent debts);
Appears in 1 contract
Samples: Loan and Security Agreement (Core Technologies Pennsylvania Inc)
Capital. Borrower has capital sufficient to conduct its business, is ------- able to pay its debts as they mature, and owns property having a fair salable value 15 greater than the amount required to pay all of its debts (including contingent debts);
Appears in 1 contract
Capital. Borrower has capital sufficient to conduct its business, is able to pay its debts as they mature, and owns property having a fair salable value occurred which, with the giving of notice or the lapse of greater than the amount required to pay all of its debts (including including, reasonably anticipated contingent debts);; 5.
Appears in 1 contract
Samples: Secured Revolving Credit Note (Diamond Multimedia Systems Inc)
Capital. Borrower has capital sufficient to conduct its business, is able to ------- pay its debts as they mature, mature and owns property having a fair salable value greater than the amount required to pay all of its debts (including contingent debts);
Appears in 1 contract
Samples: Loan and Security Agreement (Cumetrix Data Systems Corp)