Common use of Solvency Assurances Clause in Contracts

Solvency Assurances. On the Closing Date, Administrative Agent and Lender shall have received a certificate executed by a Financial Officer of Company dated the Closing Date, in form and substance satisfactory to the Administrative Agent and with appropriate attachments, demonstrating that, after giving effect to the consummation of the transactions contemplated by the Loan Documents on the Closing Date, Company and its Subsidiaries on a consolidated basis will be Solvent.

Appears in 2 contracts

Samples: Credit Agreement (Owens-Illinois Group Inc), Credit Agreement (Owens-Illinois Group Inc)

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Solvency Assurances. On the Closing Date, Administrative Agent and Lender the Lenders shall have received a certificate executed by a Financial Officer of Company dated the Closing Date, in form and substance reasonably satisfactory to the Administrative Agent and Wxxxx Fargo and with appropriate attachments, demonstrating that, after giving effect to the consummation of the transactions contemplated by the Loan Documents on the Closing Date, Company and its Subsidiaries on a consolidated basis will be Solvent.

Appears in 1 contract

Samples: Credit Agreement (Owens-Illinois Group Inc)

Solvency Assurances. On the Closing Date, Administrative Agent and Lender the Lenders shall have received a certificate executed by a Financial Officer of Company dated the Closing Date, in form and substance satisfactory to the Administrative Agent and with appropriate attachments, demonstrating that, after giving effect to the consummation of the transactions contemplated by the Loan Documents on the Closing Date, Company and its Subsidiaries on a consolidated basis will be Solvent.

Appears in 1 contract

Samples: Credit Agreement (Owens-Illinois Group Inc)

Solvency Assurances. On the Closing Date, Administrative Agent and Lender shall have received a certificate executed by a Financial Officer an Officers’ Certificate of Company dated the Closing Date, in form and substance satisfactory to the Administrative Agent and with appropriate attachments, demonstrating that, after giving effect to the consummation of the transactions contemplated by the Loan Documents on the Closing Date, Company and its Subsidiaries on a consolidated basis and each Borrower individually will be Solvent.

Appears in 1 contract

Samples: Credit Agreement (Owens-Illinois Group Inc)

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Solvency Assurances. On the Closing Date, Administrative Agent and Lender the Lenders shall have received a certificate executed by a Financial Officer of Company dated the Closing Date, in form and substance reasonably satisfactory to the Administrative Agent and Xxxxx Fargo and with appropriate attachments, demonstrating that, after giving effect to the consummation of the transactions contemplated by the Loan Documents on the Closing Date, Company and its Subsidiaries on a consolidated basis will be Solvent.

Appears in 1 contract

Samples: Credit Agreement (Owens-Illinois Group Inc)

Solvency Assurances. On the Closing Date, Administrative Agent and Lender shall have received a certificate executed by a Financial Officer an Officers’ Certificate of Company dated the Closing Date, in form and substance satisfactory to the Administrative Agent Agents and with appropriate attachments, demonstrating that, after giving effect to the consummation of the transactions contemplated by the Loan Documents on the Closing Date, Company and its Subsidiaries on a consolidated basis and each Borrower individually will be Solvent.

Appears in 1 contract

Samples: Credit Agreement (Owens Illinois Group Inc)

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