Common use of No Change; Solvent Clause in Contracts

No Change; Solvent. Since December 31, 2005, except as and to the extent disclosed on Schedule 5.2, (a) there has been no development or event relating to or affecting Holdings or any of its Subsidiaries which has had or could be reasonably expected to have a Material Adverse Effect (after giving effect to the consummation of the Transaction) and (b) except in connection with the Transaction or as otherwise permitted under this Agreement and each other Loan Document, no dividends or other distributions have been declared, paid or made upon the Capital Stock of Holdings, nor has any of the Capital Stock of Holdings been redeemed, retired, purchased or otherwise acquired for value by Holdings or any of its Subsidiaries. As of the Closing Date, after giving effect to the consummation of the Transaction, each Loan Party is Solvent.

No Change; Solvent. Since December 31, 2005, except as and to the extent disclosed on Schedule 5.24.2, (a) there has been no development or event relating to or affecting Holdings or any of its Subsidiaries which has had or could be reasonably expected to have a Material Adverse Effect (after giving effect to the consummation of the Transaction) and (b) except in connection with the Transaction or as otherwise permitted under this Agreement and each other Loan Document, no dividends or other distributions have been declared, paid or made upon the Capital Stock of Holdings, nor has any of the Capital Stock of Holdings been redeemed, retired, purchased or otherwise acquired for value by Holdings or any of its Subsidiaries. As of the Closing Date, after giving effect to the consummation of the Transaction, each Loan Party is Solvent.

No Change; Solvent. Since December 31, 20052006, except as and to the extent disclosed on Schedule 5.2, (a) there has been no development or event relating to or affecting Holdings or any of its Subsidiaries Loan Party which has had or could would be reasonably expected to have a Material Adverse Effect (after giving effect to the consummation of the Transaction) Effect, and (b) except in connection with the Transaction or as otherwise permitted under this Agreement and each or any other Loan DocumentDocument and except for dividends or other distributions by Holding made or declared prior to the Closing Date consistent with past practice, no dividends or other distributions have been declared, paid or made upon the Capital Stock of Holdingsany such Person, nor has any of the Capital Stock of Holdings any such Person been redeemed, retired, purchased or otherwise acquired for value by Holdings any such Person or any of its Subsidiaries. As of the Closing Date, after giving effect to the consummation incurrence of the Transaction, each Loan Party Indebtedness pursuant hereto the Borrower is Solvent.