Common use of Solvency; Ability to Perform Agreement Clause in Contracts

Solvency; Ability to Perform Agreement. Buyer is solvent, now has, or at the Closing Date will have, available funds necessary to pay the Purchase Price without the need to obtain additional financing, and there is no occurrence, event or condition with respect to it that would prevent it from performing this Agreement in all material respects. Buyer will not become insolvent as a result of consummating the transaction contemplated by this Agreement.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Dynamics Research Corp), Stock Purchase Agreement (Dynamics Research Corp)

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Solvency; Ability to Perform Agreement. Buyer is solvent, now has, or at the Closing Date will shall have, available funds necessary to pay the Purchase Price without the need to obtain additional financing, and there is no occurrence, event or condition with respect to it that would prevent it from performing this Agreement in all material respects. Buyer will not become insolvent as a result of consummating the transaction transactions contemplated by this Agreement.; and

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Saul Centers Inc), Agreement of Purchase and Sale (Saul Centers Inc)

Solvency; Ability to Perform Agreement. Buyer is solvent, now has, or at the Closing Date will shall have, available funds necessary to pay the Purchase Price without the need to obtain additional financing, and there is no occurrence, occurrence event or condition with respect to it that would prevent it from performing this Agreement in all material respects. Buyer will not become insolvent as a result of consummating the transaction transactions contemplated by this Agreement.; and

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Saul Centers Inc)

Solvency; Ability to Perform Agreement. Buyer Purchaser is solvent, now has, or at the Closing Date will have, available funds necessary to pay the Purchase Price without the need to obtain additional financing, and to its Knowledge, there is no occurrence, event or condition with respect to it that would prevent it from performing this Agreement in all material respects. Buyer Purchaser will not become insolvent as a result of consummating the transaction transactions contemplated by this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Versar Inc)

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Solvency; Ability to Perform Agreement. The Buyer is solvent, now has, or at the Closing Date will have, available funds necessary to pay the Purchase Price without the need to obtain additional financingPrice, and there is no occurrence, event or condition with respect to it that would prevent it from performing this Agreement in all material respects. Buyer will not become insolvent as a result of consummating the transaction contemplated by this Agreement.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Dynamics Research Corp)

Solvency; Ability to Perform Agreement. Buyer Purchaser is solvent, now has, or at the Closing Date will have, has available funds necessary to pay the Purchase Price without the need to obtain additional financing, and there is no occurrence, event or condition with respect to it that would prevent it from performing this Agreement in all material respects. Buyer Purchaser will not become insolvent as a result of consummating the transaction contemplated by this Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dynamics Research Corp)

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