Solvency Certificate; Insurance Certificates. On or before the Effective Date, the Administrative Agent shall have received: (i) a solvency certificate in the form of Exhibit I from the chief financial officer of the Borrower, dated the Effective Date, and supporting the conclusion that, after giving effect to the Transaction and the incurrence of all financings contemplated herein, the Borrower (on a stand-alone basis) and the Borrower and its Subsidiaries (on a consolidated basis), in each case, are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection herewith, will not be left with unreasonably small capital with which to engage in its or their respective businesses and will not have incurred debts beyond its or their ability to pay such debts as they mature and become due; and (ii) evidence of insurance complying with the requirements of Section 7.05 for the business and properties of the Borrower and its Subsidiaries, in scope, form and substance reasonably satisfactory to the Administrative Agent.
Appears in 1 contract
Samples: Credit Agreement (Usi Holdings Corp)
Solvency Certificate; Insurance Certificates. On or before the Effective -------------------------------------------- Initial Borrowing Date, the Administrative Agent shall have received:
(ia) a solvency certificate in the form of Exhibit I K from the chief financial officer of the Borrower, dated the Effective Initial Borrowing Date, and supporting the conclusion con clusion that, after giving effect to the Transaction and the incurrence of all financings contemplated herein, the Borrower (on a stand-alone basis) and the Borrower and its Subsidiaries (on a consolidated basis), in each case, are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection herewith, will not be left with unreasonably small capital with which to engage in its or their respective businesses and will not have incurred debts beyond its or their ability to pay such debts as they mature and become due; and
(iib) evidence of insurance complying with the requirements of Section 7.05 for the business and properties of the Borrower and its Subsidiaries, in scope, form and substance reasonably satisfactory to the Administrative Agent.Section
Appears in 1 contract
Samples: Credit Agreement (Alliance Imaging of Michigan Inc)
Solvency Certificate; Insurance Certificates. On or before the Effective Date, the Administrative Agent shall have received:
(i) a solvency certificate in the form of Exhibit I from the chief financial officer of the Borrower, dated the Effective Date, and supporting the conclusion that, after giving effect to the Transaction and the incurrence of all financings contemplated herein, the Borrower (on a stand-alone basis) and the Borrower and its Subsidiaries (on a consolidated basis), in each case, are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection herewith, will not be left with unreasonably small capital with which to engage in its or their respective businesses and will not have incurred debts beyond its or their ability to pay such debts as they mature and become due; and
(ii) evidence of insurance complying with the requirements of Section 7.05 for the business and properties of the Borrower and its Subsidiaries, in scope, form and substance reasonably satisfactory to the Administrative AgentAgents.
Appears in 1 contract
Samples: Credit Agreement (Usi Holdings Corp)
Solvency Certificate; Insurance Certificates. On or before the Effective Initial Borrowing Date, the Administrative Agent shall have received:
(ia) a solvency certificate in the form of Exhibit I J from the chief financial officer of the Borrower, dated the Effective Initial Borrowing Date, and supporting the conclusion that, after giving effect to the Transaction and the incurrence of all financings contemplated herein, the Borrower (on a stand-alone basis) and the Borrower and its Subsidiaries (on a consolidated basis), in each case, are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection herewith, will not be left with unreasonably small capital with which to engage in its or their respective businesses and will not have incurred debts beyond its or their ability to pay such debts as they mature and become due; and
(iib) evidence of insurance complying with the requirements of Section 7.05 for the business and properties of the Borrower and its Subsidiaries, in scope, form and substance reasonably satisfactory to the Administrative Agent.Section
Appears in 1 contract
Solvency Certificate; Insurance Certificates. On or before the Effective -------------------------------------------- Initial Borrowing Date, the Administrative Agent shall have received:
(ia) a solvency certificate in the form of Exhibit I K from the chief financial officer of the Borrower, dated the Effective Initial Borrowing Date, and supporting the conclusion that, after giving effect to the Transaction and the incurrence of all financings contemplated herein, the Borrower (on a stand-alone basis) and the Borrower and its Subsidiaries (on a consolidated basis), in each case, are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection herewith, will not be left with unreasonably small capital with which to engage in its or their respective businesses and will not have incurred debts beyond its or their ability to pay such debts as they mature and become due; and
(iib) evidence of insurance complying with the requirements of Section 7.05 for the business and properties of the Borrower and its Subsidiaries, in scope, form and substance reasonably satisfactory to the Administrative Agent.Section
Appears in 1 contract
Samples: Credit Agreement (Pacer Express Inc)
Solvency Certificate; Insurance Certificates. On or before the -------------------------------------------- Third Restatement Effective Date, the Administrative Agent shall have received:
(ia) a solvency certificate in the form of Exhibit I K from the chief financial officer of the Borrower, dated the Third Restatement Effective Date, and supporting the conclusion that, after giving effect to the Transaction and the incurrence of all financings contemplated herein, the Borrower (on a stand-alone basis) and the Borrower and its Subsidiaries (on a consolidated basis), in each case, are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection herewith, will not be left with unreasonably small capital with which to engage in its or their respective businesses and will not have incurred debts beyond its or their ability to pay such debts as they mature and become due; and
(iib) evidence of insurance complying with the requirements of Section 7.05 for the business and properties of the Borrower and its Subsidiaries, in scope, form and substance reasonably satisfactory to the Administrative Agent.Section
Appears in 1 contract