Solvency Analysis. The Lenders shall have received a reasonably satisfactory solvency analysis certified by the chief financial officer of the Borrower which shall document the solvency of the Borrower and its Subsidiaries considered as a whole after giving effect to the transactions contemplated hereby.
Solvency Analysis. A certificate from a Responsible Financial Officer of the Company to the effect that, as of the Effective Date and after giving effect to the initial extension of credit hereunder and to the other transactions contemplated hereby, (i) the aggregate value of all Properties of the Company and its Subsidiaries, at their present fair saleable value (i.e., the amount that may be realized within a reasonable time, considered to be six months to one year, either through collection or sale at the regular market value, conceiving the latter as the amount that could be obtained for the Property in question within such period by a capable and diligent businessman from an interested buyer who is willing to purchase under ordinary selling conditions), exceeds the amount of all the debts and liabilities (including contingent, subordinated, unmatured and unliquidated liabilities) of the Company and its Subsidiaries, (ii) the Company and its Subsidiaries will not have, on a consolidated basis, unreasonably small capital with which to conduct their business operations as heretofore conducted and (iii) the Company and its Subsidiaries will have, on a consolidated basis, sufficient cash flow to enable them to pay their debts as they mature. The Agent shall have also received (x) a certificate from a Responsible Financial Officer of the Company certifying that the financial projections and underlying assumptions contained in such analyses were at the time made, and on the Effective Date are, fair and reasonable and accurately computed and (y) appropriate factual information supporting the conclusions of the solvency analyses and the financial condition certificate required to be delivered as provided above.
Solvency Analysis. A certificate of the chief financial officer of the Company to the effect that, as of the Closing Date and after giving effect to the initial extension of credit hereunder and to the other transac- tions contemplated hereby, (i) the aggregate value of all Properties of the Company and its Subsidiaries at their present fair saleable value (i.e., the amount that may be realized within a reasonable time, considered to be six months to one year, either through collection or sale at the regular market value, conceiving the latter as the amount that could be obtained for the Property in question within such period by a capable and diligent businessman from an interested buyer who is willing to purchase under ordinary selling conditions), exceed the amount of all the debts and liabilities (including contingent, subordinated, unmatured and unliquidated liabilities) of the Company and its Subsidiaries, (ii) the Company and its Subsidiaries will not, on a consolidated basis, have an unreasonably small capital with which to conduct their business opera- tions as heretofore conducted and (iii) the Company and its Subsidiaries will have, on a consolidated basis, suf- ficient cash flow to enable them to pay their debts as they mature. Such certificate shall also state that the financial projections and underlying assumptions upon which such conclusions are based are fair and reasonable and accurately computed.
Solvency Analysis. The Lenders shall have received a reasonably satisfactory solvency opinion from an independent valuation firm satisfactory to the Administrative Agent which shall document the solvency of each of the Borrower and its subsidiaries and Holdings and its subsidiaries after giving effect to the Transactions.
Solvency Analysis. The Lenders shall have received a reasonably satisfactory solvency certificate of the chief financial officer of the Borrower which shall certify as to the solvency of the Borrower and its Subsidiaries considered as a whole after giving effect to the Transactions and the financing contemplated hereby.
Solvency Analysis. A certificate of a senior financial officer of the Borrower to the effect that, to the best of such officer's knowledge, as of the Closing Date and after giving effect to the initial extension of credit hereunder and to the other transactions contemplated hereby, (i) the aggregate value of all Properties of the Borrower and its Subsidiaries at their present fair salable value (i.e., the amount that may be realized within a reasonable time, considered to be six months to one year, either through collection or sale at the regular market value, conceiving the latter as the amount that could be obtained for the Property in question within such period by a capable and diligent businessman from an interested buyer who is willing to purchase under ordinary selling conditions), exceed the amount of all the debts and liabilities (including contingent, subordinated, unmatured and unliquidated liabilities) of the Borrower and its Subsidiaries, (ii) the Borrower and its Subsidiaries will not, on a consolidated basis, have an unreasonably small capital with which to conduct their business operations as heretofore conducted and (iii) the Borrower and its Subsidiaries will have, on a consolidated basis, sufficient cash flow to enable them to pay their debts as they mature.
Solvency Analysis. The Lenders shall have received a solvency certificate from the chief financial officer of the Borrower substantially in the form of Exhibit J hereto.
Solvency Analysis. The Lenders shall have received a reasonably ----------------- satisfactory solvency analysis certified by the vice president -- finance of Holdings which shall document the solvency of Holdings and its Subsidiaries considered as a whole after giving effect to the transactions contemplated hereby.
Solvency Analysis. The Lenders shall have received a satisfactory solvency opinion from Valuemetrics, Inc., which shall document the solvency of Axiohm S.A., Axiohm-IPB, the Borrower and each of their Subsidiaries taken as a whole after giving effect to the Tender Offer, the Merger and the other transactions contemplated hereby.
Solvency Analysis. The Lenders shall have received a reasonably satisfactory solvency certificate by the chief financial officer of CERI which shall document the solvency of each of CERI and its Subsidiaries after giving effect to the transactions contemplated hereby.
