Common use of Solvency; Adequate Capitalization; Ability to Pay Debts Clause in Contracts

Solvency; Adequate Capitalization; Ability to Pay Debts. The Purchaser is, and prior to and after giving effect to the consummation of this Agreement and the Related Documents will be, solvent. The Purchaser is not subject to any supervision, conservation, liquidation, rehabilitation, delinquency or similar proceeding, or investigation or inquiry which is reasonably likely to result in any such proceeding.

Appears in 1 contract

Samples: Purchase Agreement (Endurance Specialty Holdings LTD)

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Solvency; Adequate Capitalization; Ability to Pay Debts. The Purchaser is, and prior to and after giving effect to the consummation of this Agreement and the Related Documents will be, be solvent. The Purchaser is not subject to any supervision, conservation, liquidation, rehabilitation, delinquency or similar proceeding, or investigation or inquiry which is reasonably likely to result in any such proceeding.

Appears in 1 contract

Samples: Renewal Rights Purchase Agreement (Endurance Specialty Holdings LTD)

Solvency; Adequate Capitalization; Ability to Pay Debts. The Purchaser isis and, and prior to and after giving effect to the consummation of this Agreement and the Related Documents to be executed by the Purchaser will be, be solvent. The Purchaser is not subject to any supervision, conservation, liquidation, rehabilitation, delinquency or similar proceeding, or investigation or inquiry which is reasonably likely to result in any such proceeding.

Appears in 1 contract

Samples: Transfer and Purchase Agreement (Trenwick America Corp)

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Solvency; Adequate Capitalization; Ability to Pay Debts. The Purchaser isis and, and prior to and after giving effect to the consummation of this Agreement and the Related Documents Ancillary Agreements, will be, solventbe Solvent and not Impaired. The Purchaser is not subject to any supervision, conservation, liquidation, rehabilitation, delinquency or similar proceeding, or investigation or inquiry which is reasonably likely to result in any such proceeding, under Applicable Law.

Appears in 1 contract

Samples: Asset Transfer Agreement (Reliance Group Holdings Inc)

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